41. The BIS wasn't created to be the global cockpit and lender of last resort that it has become. 42. Ordinarily only troubled banks use it to borrow from the central bank as a lender of last resort . 43. When combined liquidity demands were too big, the bank again had to find a lender of last resort . 44. The International Monetary Fund, the multinational lender of last resort to troubled economies, has come to the rescue. 45. Some say its lender of last resort policies have jeopardized its operational independence and have put taxpayers at risk. 46. You need a lender of last resort and in this case, the Russian government does not have the resources. 47. Unlike the later Bank of England, the Bank of Amsterdam did not act as a lender of last resort . 48. The Federal Reserve on Friday unveiled a significant shift in its operations as the United States'lender of last resort . 49. By this point the role of the central bank as the " lender of last resort " was understood. 50. Overall, the Federal Reserve has hardly ever acted as the lender of last resort it was meant to be.
