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Federal Reserve opens credit line to Europe
The Tampa Tribune ^
| May 9, 2010
| AP
Posted on 05/09/2010 7:12:29 PM PDT by driftdiver
The Federal Reserve today opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.
Other central banks, including the Bank of Canada, Bank of England, European Central Bank and Swiss National Bank, are also involved in the effort. The Federal Reserve said the Bank of Japan will soon consider a similar program.
(Excerpt) Read more at 2.tbo.com ...
TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: cocaine; eu; fed; harvard; ivyleague; yale
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Didn't see this as part of the other stories
To: driftdiver
You mean China opened a credit line...
2
posted on
05/09/2010 7:18:29 PM PDT
by
neodad
(USS Vincennes (CG 49) "Freedom's Fortress")
To: driftdiver
Gee...we must have SOOOO MUCH here in the States that giving it away won’t matter....
3
posted on
05/09/2010 7:19:25 PM PDT
by
goodnesswins
(Destroy AMERICA.....Vote DEMOCRAT)
To: driftdiver
Shovelling paper dollars down a bottomless pit. Great. Just great.
To: driftdiver
Some crazy stories out there; with crazy numbers attached. I have to wonder if we aren't looking at "weeks" instead of "years".
Maybe our congress-critters know something we don't and November won't even matter.
5
posted on
05/09/2010 7:19:50 PM PDT
by
Michael Barnes
(Call me when the bullets start flying.)
To: driftdiver
To: driftdiver
Is this like the housing crisis.....lending money to people who can’t/won’t pay it back.
7
posted on
05/09/2010 7:20:38 PM PDT
by
o-n-money
To: driftdiver
tic tock; all of this is going to collapse and fairly soon.
8
posted on
05/09/2010 7:20:41 PM PDT
by
Gapplega
To: driftdiver
Obama is destroying America as we watch. Less than a year and a half in office. Are we on the eve of destruction?
To: driftdiver
I guess the paper and ink industries need the work :)
10
posted on
05/09/2010 7:23:19 PM PDT
by
ABQHispConservative
(A good Blue Dog is an unelected Blue Dog. Ditto Rino's!)
To: driftdiver
Throwin’ good money after bad...
11
posted on
05/09/2010 7:23:49 PM PDT
by
GOPJ
("Draw Mohammad Day" - - May 20, 2010 - Draw for freedom - draw for your children's freedom.)
To: driftdiver
They just keep trying to push off judgement day. The more they push it off, the worse it will be.
Greece is just the beginning.
12
posted on
05/09/2010 7:25:54 PM PDT
by
MichiganConservative
(A government big enough to do unto the people you don't like will get to doing unto you soon enough.)
To: driftdiver
Why not just give them the printing press? The American dollar is worthless and soon it will become obvious.
13
posted on
05/09/2010 7:31:19 PM PDT
by
JoSixChip
(You think your having a bad day?.....Just remember, somewhere out there is a Mr. Pelosi!)
To: driftdiver
So, we're going to borrow more money from China, and steal more money from ours and our children's future, to give it to a bunch of irresponsible socialists who have a nasty tendency to start World Wars when things don't work out well for them?
Who here still thinks "our" government is working in the best interests of US, the citizens of the USA, at all? Folks, this criminal cabal of political elite is robbing us blind and enslaving us to THEIR DEBT for generations to come.
14
posted on
05/09/2010 7:34:52 PM PDT
by
Zeddicus
To: driftdiver
and America takes another one in the........
15
posted on
05/09/2010 7:35:31 PM PDT
by
Chode
(American Hedonist *DTOM* -ww- NO Pity for the LAZY)
To: driftdiver
So, while Mr. and Mrs. America must damn near drop their shorts to get a home loan for a mere $200k, every nation on Earth can just get American money for the asking to the tune of billions and trillions of dollars.
Next time anyone bitches about mortgage loans, let’s remind them that foreign nations got many times more for nothing.
16
posted on
05/09/2010 7:40:24 PM PDT
by
CodeToad
To: driftdiver
The insolvent bailing out the bankrupt.
This seems to me to be a sign that things may be beginning to spiral out of control.
We have an international monetary system based on primarily faith. And that faith is eroding a little more and a little faster almost on a weekly basis.
Note to self:
Need more food and more lead. And lots of TP.
17
posted on
05/09/2010 7:48:09 PM PDT
by
ChildOfThe60s
(If you can remember the 60s, you weren't really there.)
To: driftdiver
wait a minute....where did the Fed get all those dollars to send to Europe?
Did it earn them? Investments? Production? (in a sense, if producing means creating out of thin air)
18
posted on
05/09/2010 7:49:57 PM PDT
by
fahraint
(git theah fuhstest with the mostest)
To: driftdiver
Whisky Tango Foxtrot?
Time to JAIL the Federal Reserve Board at GUANTANAMO.
19
posted on
05/09/2010 7:55:03 PM PDT
by
VRWC For Truth
(Throw the bums out who vote yes on the bail out)
To: katiedidit1
We're on the eve of something. Destruction will be a large part of it.
Scouts Out! Cavalry Ho!
20
posted on
05/09/2010 7:56:53 PM PDT
by
wku man
(Who says conservatives don't rock? Go to www.myspace.com/rockfromtheright)
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