Accounts of the financial crisis leave out the dollar swap deals between banks

[jstanley]

Page doesn't seem to work. I only see 2 paragraphs and the second one fades out at the bottom.

I have not disabled javascript.

[Torai]

https://archive.is/Z5rsh

[tradersam]

Let it load all the way. Was happening to me, but once the page fully loads the article becomes full size.

[dnm]

Looking at the source of the page, there's a paywall div blocking the way, that's not visible. For me, it's probably related to all the JS errors uBlock Origin is causing to be thrown.

[gwbas1c]

Tldr

[occamrazor]

During thee financial crisis the Fed allowed the ECB and other European central banks to buy a large amount of dollars, which were lent to European commercial banks who had short-term liabilities denominated in USD.

For reasons that I cannot grasp, the author thinks this is bad for the global economy.