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stand to lose from what s going on. you say the u.s. economy won t suffer, and i agree, but we ve often seen that it s directed towards preserving the banking system as it is here. so will there be u.s. measures to protect american banks? do you see american banks suffering? well, we should be thankful for the federal reserve i ve always thought the european central bank does not want to take the kind of bold and dramatic and controversial action that the fed did back in 2008 to save the u.s. financial system and the global financial system. but the american federal reserve, our central bank, you know, is always willing and able. you know, back in 08, they opened up and they lent hundreds of billions of dollars to european banks who are in trouble. they re doing swaps lines and all sorts of things with their counterparts, with financial institutions in europe. if they can t get help from the european central bank, they know they can come to the fed and they have done that. and i t
stand to lose from what s going on. you say the u.s. economy won t suffer, and i agree, but we ve often seen that it s directed towards preserving the banking system as it is here. so will there be u.s. measures to protect american banks? do you see american banks suffering? well, we should be thankful for the federal reserve i ve always thought the european central bank does not want to take the kind of bold and dramatic and controversial action that the fed did back in 2008 to save the u.s. financial system and the global financial system. but the american federal reserve, our central bank, you know, is always willing and able. you know, back in 08, they opened up and they lent hundreds of billions of dollars to european banks who are in trouble. they re doing swaps lines and all sorts of things with their counterparts, with financial institutions in europe. if they can t get help from the european central bank, they know they can come to the fed and they have done that. and i t