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Oh No.... (Foreign Debt Bought by The Fed)

IEHI Feed: The Hedge Fund Implode-o-Meter found this 10/28/2008 on market-ticker.denninger.net

And so it begins... and ends ... "Oct. 28 (Bloomberg) -- Korea Development Bank was approved by the Federal Reserve to sell as much as $830 million of commercial paper to the U.S. central bank." That's right - our Federal Reserve is no longer backstopping just our stuff, ...