To: ninonitti
(Or Bailout Ben will show up with another bag of our money) The Fed doesn't receive appropriations from Congress. It's the Fed itself that is on the hook.
17 posted on
03/18/2008 3:53:04 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
It's the Fed itself that is on the hook. And who is the backstop for the Fed? The US Government and who backstops it? The taxpayer.
To: Moonman62
The Fed doesn't receive appropriations from Congress. It's the Fed itself that is on the hook.The FED can essentially create money out of thin air. How can they be on the hook for anything?
33 posted on
03/18/2008 8:32:58 AM PDT by
zeugma
(FedGov has no intention of actually doing anything to secure this nation. It's all a power grab.)
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