All_In 0 Posted December 2, 2011 Share Posted December 2, 2011 And the Fed kept ALL of this secret from americans, including congress....TARP was 700 billion, and many crapped on that...well....edit: wrong link, same subjecthttp://dailycaller.com/2011/12/01/congress...d-of-tarp-vote/http://www.bloomberg.com/news/2011-11-28/s...-in-income.html"Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year. ""Bankers didn’t disclose the extent of their borrowing. On Nov. 26, 2008, then-Bank of America (BAC) Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his Charlotte, North Carolina-based firm owed the central bank $86 billion that day. ""Lawmakers knew none of this.They had no clue that one bank, New York-based Morgan Stanley (MS), took $107 billion in Fed loans in September 2008, enough to pay off one-tenth of the country’s delinquent mortgages. "----the occupy movement was on to something...and idiots in america made fun of them because that's what their media/business gods told them to think.... Link to post Share on other sites
Balloon guy 158 Posted December 2, 2011 Share Posted December 2, 2011 How much of that $7.7 trillion will be paid back with interest?Oops, much of that was just in lines of credit that were never touched by the banks, so the actual figure is much lower. Link to post Share on other sites
All_In 0 Posted December 2, 2011 Author Share Posted December 2, 2011 How much of that $7.7 trillion will be paid back with interest?sigh....listen lemming, read the story....and get a clue wrt numbers... Link to post Share on other sites
Balloon guy 158 Posted December 2, 2011 Share Posted December 2, 2011 sigh....listen lemming, read the story....and get a clue wrt numbers...You mean like this part?Ohio Democratic Sen. Sherrod Brown told Bloomberg that, although the loans were eventually repaid, access to information regarding the loans may have significantly altered the Congress’ approach to TARP. Link to post Share on other sites
The Ocho 970 Posted December 2, 2011 Share Posted December 2, 2011 sigh....listen lemming, read the story....and get a clue wrt numbers...You don't know how the fed actually works do you? Link to post Share on other sites
Balloon guy 158 Posted December 2, 2011 Share Posted December 2, 2011 You don't know how the fed actually works do you?No, he knows;First Fox News tells Rush Limbaugh what to say, then the federal reserve gives trucks full of money to rich people with orders not to ever share with poor people, then the Jews get their cut. Link to post Share on other sites
brvheart 1,752 Posted December 2, 2011 Share Posted December 2, 2011 No, he knows;First Fox News tells Rush Limbaugh what to say, then the federal reserve gives trucks full of money to rich people with orders not to ever share with poor people, then the Jews get their cut.When do we get to repress Muslims? Link to post Share on other sites
BillyPilgrim 1 Posted December 2, 2011 Share Posted December 2, 2011 When do we get to repress Muslims?hopefully every day. Link to post Share on other sites
hblask 1 Posted December 2, 2011 Share Posted December 2, 2011 the occupy movement was on to something...and idiots in america made fun of them because that's what their media/business gods told them to think....I think the horrible inbreeding between banks and regulators was the thing everyone agreed with OWS over. The reason people made fun of OWS is because they had no goals, no solutions, and they supported lots of "your welfare = bad, my welfare = good" type policies.Anyway, to your Fed scam story, here's John Stewart explaining it:.How's that fiat currency thing working out? And we're doing the same for Europe now, propping up their flawed semi-socialist governments yet again with the fruit of our labor. Link to post Share on other sites
CaneBrain 95 Posted December 2, 2011 Share Posted December 2, 2011 How's that fiat currency thing working out? And we're doing the same for Europe now, propping up their flawed semi-socialist governments yet again with the fruit of our labor. Well Southeast Asia's labor anyway. Link to post Share on other sites
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