Guess Who Benefited Most from Fed‘s ’Discount’ Loan Program? Foreign Banks | The Blaze

Guess Who Benefited Most from Fed‘s ’Discount’ Loan Program? Foreign Banks | The Blaze: "So if I explained that the Federal Reserve has a “discount window” lending program, that works as its primary vehicle for providing cash to banks to help them avert a liquidity squeeze, who do you think benefited most from that program during the financial crisis? If you said U.S. banks, you’re wrong. If you said foreign banks, ding ding ding!"