Posted inFinance

US Taxpayers Could Be on the Hook for Credit Suisse Bailout, Expert Warns

By Liam Cosgrove Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, an analyst told The Epoch Times. With its announcement over the weekend, the Fed—in coordination with key allied […]