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Fed refuses to identify recipients of $2 Trillion
Bloomberg via Ron Paul News ^ | 2008-11-10

Posted on 11/10/2008 6:39:15 AM PST by rabscuttle385

Link only due to FR policy.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 110th; alinsky; ayers; bailout; banking; bankinglist; bernanke; bush; bushbailout; bushsellout; congress; corruption; dodd; economy; financelist; financialcrisis; foia; frank; govwatch; greenspan; lp; mccaintruthfile; moneylist; obamatruthfile; rats; reid; schumer; sellout; socialism; socialist; spartansixdelta; tammanyhall; ussenate; wallstreet
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To summarize: Bloomberg (the news service) filed a FOIA request with the Fed and filed a lawsuit against the Fed on Nov. 7 seeking details of who is borrowing from the Fed and what securities are being used as collateral. So far, the Fed's lending to banks and other financial institutions has topped $2 Trillion, including the $700 Billion approved by Congress under the infamous bailout bill. The Fed refused to comply.
1 posted on 11/10/2008 6:39:16 AM PST by rabscuttle385
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To: rabscuttle385

Bummer....you beat me by seconds....


2 posted on 11/10/2008 6:40:39 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...

Well, well, well...look what the cat dragged in this morning...

The Money, Banking, and Financial Markets Ping List.

"Money, not morality, is the principle commerce of civilized nations."
—Thomas Jefferson

FR Keywords: moneylist, bankinglist, financelist

Please tag all relevant threads with the aforementioned keywords.

This can be a very high-volume ping list at times.

Ping list jointly pinged by rabscuttle385 and TigerLikesRooster.

To join the ping list:
FReepmail rabscuttle385 with the subject line add  moneylist.
(Stop getting pings by sending the subject line drop moneylist.)


3 posted on 11/10/2008 6:40:45 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: ex-Texan

Ping!


4 posted on 11/10/2008 6:41:05 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: illiac

Sorry!


5 posted on 11/10/2008 6:41:20 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: rabscuttle385

it sure escalated fast!


6 posted on 11/10/2008 6:41:47 AM PST by ken21 (people die and you never hear from them again.)
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To: rabscuttle385

It’s OK....best we get it out there....thx


7 posted on 11/10/2008 6:42:06 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: rabscuttle385

The Fed has way too much power. Backdoor dealing with impunity because so much of congress is in on it as well. It’s starting to look like some sort of thieves guild where everyone is afraid to rat on everyone else so they all get away with whatever they want.


8 posted on 11/10/2008 6:44:52 AM PST by allmost
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To: rabscuttle385

just damn.

this is our money - and they won’t tell us to whom our confiscated dollars go?

jeez i’m glad i have money “elsewhere”


9 posted on 11/10/2008 6:46:23 AM PST by Principled (They used the CRA to undermine capitalism. They're using ACORN to undermine democracy.)
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To: rabscuttle385

10 posted on 11/10/2008 6:47:00 AM PST by BGHater (The GOP, the new DNC.)
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To: rabscuttle385
Hmm.. is this a new black hole? Or is it something we already know but turning out to be more serious?

Many big transactions are "dark" these days. We have dark pools and dark liquidity, too. Finance morphed into a cload-and-dagger style playground. Market transparency in my ass.

The recovery of financial markets should introduce more transparency. Instead, we have more and more opaque and secretive markets. This is not the way to promote well-functioning free market. This is another way of saying that we are totally cooked and they are hiding many ugly secrets to cover up the true magnitude of crisis and postpone the inevitable fall with tax payers' money or money printing press. No good would be coming out of this.

11 posted on 11/10/2008 6:51:15 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: rabscuttle385
It's almost game...set...match for America. 2 Trillion is more than $10,000 for every single taxpayer. That's all additional debt/inflation that we didn't have 60 days ago.
12 posted on 11/10/2008 6:51:24 AM PST by TheRiverNile
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To: rabscuttle385

This is lack of accountability is nothing short of obscene! First they go against the majority of the people and now we can’t see who is borrowing money and they want to raise my taxes for moochers. It is one thing for Moochers to work off their welfare or people who have to get private bailouts work it off, they blame all of the conservatives for high living and go against the majority of the public and we can’t even know who is borrowing what and they want to raise our taxes for more than just Peggy Moocher but for these sh*ts as well and we can’t know who they are?? Time for an environmentally friendly tea party. Well now that the Brits are kicked out, make that a coffee party unless it is in the South, an ice tea party. Anyway, this is serious and we have a right to know, racist or really redneck or not!


13 posted on 11/10/2008 6:52:03 AM PST by volslover
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To: rabscuttle385

Hmmm, corruption?


14 posted on 11/10/2008 6:55:20 AM PST by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: rabscuttle385

Hmmm, corruption?


15 posted on 11/10/2008 6:55:21 AM PST by djsherin (The federal government: Because your life isn't screwed up enough!)
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To: volslover

“Time for an environmentally friendly tea party.”

Get rid of the environmental friendly part and i’ll join!


16 posted on 11/10/2008 6:56:51 AM PST by dalereed
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To: rabscuttle385

And this is under the Bush administration! Imagine how “transparent” things are going to be under 0bama!

Today’s recommended investments: gold, guns and MREs. And arable land if you can find it and afford it.

http://www.freerepublic.com/focus/f-news/2125287/posts


17 posted on 11/10/2008 7:00:25 AM PST by TenthAmendmentChampion (Don't blame me, I voted for John McCain and Sarah Palin. Well, for Sarah Palin, anyway.)
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To: rabscuttle385
What happened to the "transparency" we were promised when the $700,000,000,000 bail-out bill was being passed by the criminals in Congress...and I'm talking about BOTH parties!
18 posted on 11/10/2008 7:02:08 AM PST by Roccus (Someday it'll all make sense.............maybe.)
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To: rabscuttle385

No problem, as a taxpayer I will end up MAKING money from this /s


19 posted on 11/10/2008 7:03:38 AM PST by RckyRaCoCo (LIBERAL MEDIA PICKS GOP CANDIDATE STORY AT 11:00!)
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To: rabscuttle385

bttt


20 posted on 11/10/2008 7:05:03 AM PST by Glenn (Free Venezuela!)
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To: volslover

” we can’t even know who is borrowing what “

Borrowing??

“Borrowing” implies that the money will be paid back — is there anybody out there so naive as to think this is gonna happen??

I’d rather ‘loan’ money to my alcoholic, out-of-work brother-in-law.....


21 posted on 11/10/2008 7:05:35 AM PST by Uncle Ike (Sometimes I sets and thinks, and sometimes I jus' sets.........)
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To: rabscuttle385

I take active steps NOT to be a conspiracy buff, and to expose the fools that are. However, anyone with a brain should be very much aware that a new age is upon us, and that we talk much about preserving America. Meanwhile, it is quietly being dismantled behind our backs. Politicians are very much complicit in this. What are you going to do when you wake up and America is gone...


22 posted on 11/10/2008 7:06:00 AM PST by Harrius Magnus (LIBERALS: We should invade their countries, kill their leaders and convert them to Christianity.)
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To: Uncle Ike

” we can’t even know who is borrowing what “

Borrowing??

“Borrowing” implies that the money will be paid back — is there anybody out there so naive as to think this is gonna happen??

I’d rather ‘loan’ money to my alcoholic, out-of-work brother-in-law.....

I know that. I was repeating what my neighborhood Peggy Moocher calls it except sometimes she asks do “ I have any change” to give her with emphasis on the word “change” except her change requests are not “chump change”. I agree one thing to work something or pay off something but they don’t call it that in today’s world. In six months, probably will be called a “bailout” on the street and not a loan or a borrow or change.


23 posted on 11/10/2008 7:10:13 AM PST by volslover
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To: rabscuttle385
I am so cynical...

My guess it goes to hedge funds to keep them from imploding....

24 posted on 11/10/2008 7:10:51 AM PST by taildragger (The Answer is Fred Thompson, I do not care what the question is.....)
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To: All

We have got to send a message to the new administration that they will NOT get away with this crap. They need to hear us. WE DEMAND TRANSPARRENCY on this bail out - OUR MONEY !!!

Here is the committee:

Christopher J. Dodd Chairman (D-CT)
Richard C. Shelby Ranking Member (R-AL)
Tim Johnson (D-SD)
Robert F. Bennett (R-UT)
Jack Reed (D-RI)
Wayne Allard (R-CO)
Charles E. Schumer (D-NY)
Michael B. Enzi (R-WY)
Evan Bayh (D-IN)
Chuck Hagel (R-NE)
Tom Carper (D-DE)
Jim Bunning (R-KY)
Robert Menendez (D-NJ)
Mike Crapo (R-ID)
Daniel K. Akaka (D-HI)
Elizabeth Dole (R-NC)
Sherrod Brown (D-OH)
Mel Martinez (R-FL)
Robert P. Casey (D-PA)
Bob Corker (R-TN)
Jon Tester (D-MT)


25 posted on 11/10/2008 7:13:45 AM PST by Reagan69 (No Representation without Taxation !)
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To: taildragger

Could any of this be going to Goldman Sachs?

It just keeps diving - how much money has Buffet lost so far?


26 posted on 11/10/2008 7:16:04 AM PST by RummyChick
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To: rabscuttle385

So is Obama in charge yet, because this sounds like something the dems would do....


27 posted on 11/10/2008 7:17:25 AM PST by af_vet_rr
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To: rabscuttle385
All Bloomberg has to do is start looking at the top democrat/repub contributors and connect the dots.
28 posted on 11/10/2008 7:19:57 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: TheRiverNile

Maybe it’s time for the massive reverse migration to begin:

Back to the Old/Free-er World. I mean it’s not like it isn’t already happening...


29 posted on 11/10/2008 7:26:53 AM PST by eleni121 (EN TOUTO NIKA!! +)
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To: rabscuttle385

This isn’t necessarily a bad thing. Rumors can be very destructive in the financial markets, actually bringing important intermediaries to insolvency with frightening speed. Raw information about who is taking larger than expected Fed loans could quickly become fuel for such rumors, even though there could be underlying reasons for the loans that aren’t signs of impending insolvency at the borrower. Companies release their financial statements quarterly, and it’s probably best to have information about Fed loans released only in conjunction with financial statements, so that they can be evaluated in context.


30 posted on 11/10/2008 7:27:05 AM PST by GovernmentShrinker
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To: Principled
We are so screwed. Yes, WE can demand to know. The problem is half the country does not care! They are waiting for Bambi to pay for their gas, mortgage and word is possible credit card debts. Just heard that he plans on closing Gitmo and setting up a new legal system for terrorist.
31 posted on 11/10/2008 7:30:43 AM PST by ladyvet (WOLVERINES!!!!!)
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To: rabscuttle385
The actual article is here.
32 posted on 11/10/2008 7:41:15 AM PST by snowsislander (NRA -- join today! 1-877-NRA-2000)
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To: snowsislander
The actual article is here.

I know...but direct linking to Bloomberg is forbidden under FR copyright and posting rules.

33 posted on 11/10/2008 7:43:00 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: rabscuttle385

One. World. Government.


34 posted on 11/10/2008 7:45:09 AM PST by Sig Sauer P220 (Thanks to the robber barons in D.C. and on Wall St. I've been forced to become a minimalist.)
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To: rabscuttle385

Huge Drudge headline.


35 posted on 11/10/2008 7:50:35 AM PST by Anti-Bubba182
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To: allmost

Some people say that this country started left with FDR and his many UNCONSTITUTIONAL programs like SS but it actually happened during the administration of Woodrow Wilson. During his 8 years we got the Federal Reserve, the income tax, senators elected by popular vote, criminalization of drugs AND Prohibition (the last two were convenient excuses to expand government power).


36 posted on 11/10/2008 7:53:12 AM PST by Blood of Tyrants (Obama is the Antichrist.)
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To: rabscuttle385

From Billions to Trillions
http://end-times-data.blogspot.com/2008/10/cash-run-begins-in-swiss-banks-short.html


37 posted on 11/10/2008 7:53:22 AM PST by VlPu
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To: rabscuttle385

I just called Jason Altmire’s (D-Western PA) office regarding this FOIA refusal. They were unaware. The aide asked for the website of the article and said they would take a look.

What fools we have become to trust any of them.

Call your congresspeople. Make this an issue.


38 posted on 11/10/2008 7:54:38 AM PST by Glenn (Free Venezuela!)
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To: rabscuttle385
Try looking in the Obamas basement.
39 posted on 11/10/2008 7:56:32 AM PST by Eye of Unk (Aleutica, the new name of Free Alaska)
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To: volslover; All

I can’t think of any legitimate reason to refuse a FOIA request for this information.

I can’t imagine national security issues being involved etc.....they must comply, and hopefully a judge will order such.


40 posted on 11/10/2008 7:58:54 AM PST by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Eye of Unk

Are those Obama dollars in the foreground?


41 posted on 11/10/2008 8:01:13 AM PST by Osage Orange (Victims that fight back live longer.....................)
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To: Blood of Tyrants

I refreshed my memory by looking up his bio. League of nations, Treaty of Versailles in addition to what you mentioned. That guy was just full of terrible ideas.


42 posted on 11/10/2008 8:02:06 AM PST by allmost
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To: Osage Orange

They do look like something from Africa?

If this was all $100 bills anybody care to guess how much is here?


43 posted on 11/10/2008 8:03:22 AM PST by Eye of Unk (Aleutica, the new name of Free Alaska)
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To: Principled

At some point we are going to have to revolt!
Where and How, who knows!


44 posted on 11/10/2008 8:14:36 AM PST by pollywog (I will lift mine eyes to the hills from whence cometh my help. My help comes from the Lord...Ps 121)
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To: rabscuttle385

Flame suit on.

Is anyone ready to admit that Ron Paul is right about the Fed.

Please don’t tell me how he’s a cut and run whatever or a Code Pink something or other.

I’m talkin the Federal Reserve. Evil bastards!


45 posted on 11/10/2008 8:29:10 AM PST by mommya
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To: af_vet_rr

D’s have been driving this part of the economy for a while now, mainly because they were behind the scandal that caused the crisis. Some R’s involved. But the fact that the D’s demanded no congressional hearings and said, “there is plenty of blame to go around on both sides” is all the proof the “awake” need that they are guilty as H.

Bush’s fault was in trusting advice from the D’s on how to save us from this manufactured ‘crisis.’

Their advice should be no more trusted than Iago’s.


46 posted on 11/10/2008 8:36:29 AM PST by Ghost of Philip Marlowe (Liberals are useful idiots. They are the pawns of Leftists.)
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hussein the creepy






47 posted on 11/10/2008 8:36:34 AM PST by devolve ( ____95%_will_get_welfare_bribes____)
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To: TenthAmendmentChampion
And arable land if you can find it and afford it.

You can find good land available for next to nothing here in Michigan. Much of what is selling comes with a decent water source, too.

The gun tower you're going to have to take care of on your own.

48 posted on 11/10/2008 8:38:38 AM PST by grellis (I am Jill's overwhelming sense of disgust.)
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To: rabscuttle385

A: Paulson’s buddies.


49 posted on 11/10/2008 8:43:24 AM PST by Uncle Miltie (SARAH *** JOE *** 2012!)
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To: TheRiverNile

Add in the unfunded liabilities for Social Security and Medicare totalling $70 trillion and now you’re talking about real money!

We had better get a whole lot more taxpayers, and fast!


50 posted on 11/10/2008 8:44:45 AM PST by Deo volente (On January 20, 2009 America moves to DEFCON 2.)
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