It’s TRILLION. The fed is long past dealing in billions. It wouldn’t even be a story if it was a measly 8 Billion - we spend that on food stamps in 6 weeks.
So where is this 8 Trillion - most likely keeping banks ‘solvent’ to make up for the real estate crash. The fed simply prints up the money, and uses it to buy WORTHLESS loan paper. If the feds weren’t doing that, the banks would long since be collapsed. After all, they’re in the hole for something like $100k per house (average) in California - roughly $1T. This money was simply ‘extracted’ as second loans and lines of credit. It will never be paid back.
How much of that 8 Trillion went to Foreign Banks?
It appears that none of that money had a multiplier effect in our own economy.
Liquidity without loans? Except to Green Energy Scams that they knew would fail.
Brick wall still coming.
http://www.bullypulpit.com/billsardi/2010/09/about-that-missing-9-trillion.html
Can’t figure out how to make this a link - but this relates to your comment.