They don’t even have to leave the scene of the crime the Fed will see to it that the TBTF’s are kept in business (another sore spot for me since so many of the smaller conservative banks were wiped out).
Now they don’t even have to ask the Treasury for money in the future since the Fed invented a new accounting gimmick they can simply dump the debt off the Feds own balance sheet and onto that of the Treasury.
http://www.cnbc.com/id/41198789
Like that ~ $2.2 Trillion in mortgage backed securities that the Fed took as collateral for “loans” to Wall Street.
Fed Balance Sheet Hits Record $2.2 Trillion In Assets On $71 Billion Weekly Increase In MBS
They’re worth what now, maybe 50% of their face value, tops?
In addition unemployment and foreclosures are going one way - up.
Which means the value of the mortgages go down.
But that’s not a problem now, because Bernanke will just sneak up to the Treasury and stuff the bill for the losses unto the taxpayers directly rather then continuing to use Fannie/Freddie to bail out the banks.
So you and I our children/grandchildren can labor as slaves for the leisure of the banking and government class, until we die.
The Fed didn't take $2.2 trillion in MBS as collateral.
Fed Balance Sheet Hits Record $2.2 Trillion In Assets On $71 Billion Weekly Increase In MBS
They’re worth what now, maybe 50% of their face value, tops?
Maybe more than par. Like I showed you already.