Skip to comments.Fed Moves $421.8 Billion Without Warning, Is the Fed Bailing out Greece?
Posted on 04/14/2010 5:56:31 PM PDT by blam
Fed Moves $421.8 Billion Without Warning, Is the Fed Bailing out Greece?
Interest-Rates / Credit Crisis 2010
Apr 14, 2010 - 02:44 PM
By: Dr Jeff Lewis
The St. Louis Federal Reserve Bank, which documents the inner workings and balance sheets at the nation's central bank, just released new research and data suggesting that the Federal Reserve lent $421.8 billion with no one knowing exactly where it went.
Wheres the Money?
Each week, the St. Louis Fed releases data regarding the Federal Reserve's activity and public balance sheets. In ordinary times, this data is usually largely ignored, as the mainstream media has little interest in probing into the small $5-10 billion changes in the Total Loans and Leases of Commercial Banks. The week of March 24-31 was different, however, as the Federal Reserve made $421.8 billion in new loans, more than it made in the week following the Fed's big moves to combat the financial crisis in 2008!
Is the Fed Bailing out Greece?
Economists are all but left in the dark on the actual operations behind the scenes, and they have minimal data to investigate other than what the Federal Reserve is willing to release to the public. However, the timeliness of this most recent surge in lending activity suggests that the Federal Reserve may be taking a hand in bailing out foreign nations, or Greece in particular, by shoveling funds through commercial banks.
This wouldn't be the first time a bank was used to bail out foreign debtors. AIG, the leading recipient of TARP funds, was used as a gateway to transfer US taxpayer funds to foreign banks owed money. Of course, the ailing insurance company virtually collapsed nonetheless, but long after the funds were delivered from the US Treasury to foreign institutions.
Pull the Alarms!
Rarely are large monetary policy decisions made without an explanation from the Federal Reserve, and even more rarely are they conducted in just one week. To put the recent lending in perspective, $421.8 billion is more than the total increases in lending throughout 2005. There has never in the history of the Federal Reserve been such a massive increase in total lending. And never should anyone expect that lending of this magnitude would be done without any explanation. To put it simply, there is big money moving, and no one knows where it's going, for better or for worse.
Timing is Everything
More money laundering by Obama.
Not likely. Greece is a european country. Obama just redistributes wealth to non-european countries/peoples.
It’s time to end the Fed
Time for some of our Congress people to investigate.
I hope they spend it on something better than that job stimulus package they wasted before.
I hypothesize that we lent it to Germany at 4% interest so they could loan it to Greece at 5% or something like that. The fed doesn’t have to tell so we may never know for sure.
Greece? I bet they bailed out soros
Bailing out California?
Bush capitulated and his peeps said Fannie and Freddie securities are government guaranteed. Maybe China asked for its “guaranteed” money back.
Does this mean we own Greece? I mean, why not? China owns us.
Oh no they don’t!
No we sell the German widows and orphans funds freddie and fanny approved mortages on 500,000.00 dollar homes in Hamtrack.
Interesting.. anyone know where obama was the other day or who he met with when he went missing.
I was just htinking about that....Obama came up missing for a few hours and now this? Hmmmmm!
Great idea - but then who would run the government?
Cash heading to the ROP. The amount is almost exactly what a two week Space Shuttle mission costs.
And we still don’t know who moved all the money in October 2008 and why!
I’m sure that the Slimes and the Compost have their best reporters o the job./s
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