I'm Melting! I'm Melting!
Make sense of this one!
I don't think I heard any mention of this in the media in the coverage of the Lehman Brothers bankruptcy over the weekend. I'm no money guru but doesn't this Bloomberg report say that this $138 billion in loans to Lehman Brothers since the bankruptcy was immediately repaid by the Federal Reserve Bank? Isn't the Federal Reserve Bank the one that insures all of our FDIC backed bank deposits? Um, gee guys, but is that the money I'm supposed to feel good about?