Skip to comments.Fed refuses to identify recipients of $2 Trillion
Posted on 11/10/2008 6:39:15 AM PST by rabscuttle385
Link only due to FR policy.
Bummer....you beat me by seconds....
Well, well, well...look what the cat dragged in this morning...
it sure escalated fast!
It’s OK....best we get it out there....thx
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.
this is our money - and they won’t tell us to whom our confiscated dollars go?
jeez i’m glad i have money “elsewhere”
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.
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!
“Time for an environmentally friendly tea party.”
Get rid of the environmental friendly part and i’ll join!
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.
No problem, as a taxpayer I will end up MAKING money from this /s
” we cant even know who is borrowing what “
“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 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...
we cant even know who is borrowing what
Borrowing implies that the money will be paid back is there anybody out there so naive as to think this is gonna happen??
Id 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.
My guess it goes to hedge funds to keep them from imploding....
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)
Could any of this be going to Goldman Sachs?
It just keeps diving - how much money has Buffet lost so far?
So is Obama in charge yet, because this sounds like something the dems would do....
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...
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.
I know...but direct linking to Bloomberg is forbidden under FR copyright and posting rules.
One. World. Government.
Huge Drudge headline.
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).
From Billions to Trillions
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.
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.
Are those Obama dollars in the foreground?
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.
They do look like something from Africa?
If this was all $100 bills anybody care to guess how much is here?
At some point we are going to have to revolt!
Where and How, who knows!
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!
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.
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.
A: Paulson’s buddies.
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!