Why is the Federal Reserve Propping Up the Bank of Libya with More Than $26 Billion in Low-Interest Loans?

This is truly an outrageous act by the Fed, particularly since the Libyan loans are at a lower rate of interest than what the Fed charged the US Treasury during the bailout. Senator Bernie Sanders is virtually the only politician trying to bring this and other banking malpractice to light. I know I'm a little late on this but we should all know that this is going on.
http://www.thenation.com/blog/159621/why-federal-reserve-propping-bank-libya