Thursday, April 17, 2008

The Debts of the Lenders: Israeli Bailout

Over 2 days, the Israeli bank bought $600 million in Treasuries to support a falling dollar. Sovereigns don't usually make public announcements for fear of turning the markets volatile. Instead, they trade through a series of proxies - different banking and independent exchange platforms scattered throughout the world. They must have been seriously scared to forego the usual channels. /spages/971088.html


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