well ummm whaaa....is this to be believed? all the more unbelievable if it is.
What did Freepers say at the time? (I think I was on vacation)
Is this for real?
Makes you wonder what a complete audit would reveal?
Only 16,000,000,000,000.00 American Dollars?
Hard de har har,
For that we wasted the time of the General Accounting Office.
that’s just Looney
This means our money is worth nothing. What else could it mean. So everyone should just stop paying any debt they ow to any of the banks or credit card compainies because they have already been paid.
It is time a whole lot of people WAKE THE HELL UP!
Ron Paul leads the charge to stop the criminal behavior of the Federal Reserve. This is probably the tip of the iceberg of debt that the US taxpayers are accountable for via the Fed. It is hard to believe they want to bail out the European Central Bank on the backs of us citizens.
$1.2 trillion -- The Feds actual lending to banks and financial companies at its single-day peak, Dec. 5, 2008, through the seven programs Bloomberg News studied in depth.
$16 trillion -- The total transaction amounts for Fed lending included in a July 21, 2011, study by the Government Accountability Office, a non-partisan investigative agency that reports to Congress. The Feds Dec. 6 memo said it was inaccurate to describe that amount as the total of its lending and guarantees, as some websites did.
The method the GAO used to produce that total differed from Bloombergs approach. Bloomberg built spreadsheets to show each borrowers daily amounts outstanding, and then found the day on which those amounts peaked. The GAO tallied all cumulative loans to arrive at $16 trillion. Its report noted that the total didnt reflect how loans terms varied under different Fed programs.
If a bank borrowed $1 billion overnight for 100 nights, Bloombergs analysis would show that the bank had a $1 billion balance at the Fed for 100 days; the GAO method that produced the $16 trillion total would sum up those transactions to $100 billion, even though the bank never owed more than 1 percent of that total.
From an article posted here on FR last July 29:
Waiting for the Toddster to tell us that this never happened, and even if it did, well we need banks and banking so suck it up and be thankful for it all.
The so called Federal Reserve is a non govt entity (NGE), posing as if it were a govt entity. Basically it’s a group of international bankers who look out for their own interests, while be subsidized by the American taxpayer.
It’s truly a sweet deal for the elite bankers, and investors, who are members of this elite group. You’ve probably seen some of their vacation homes on the cliffs by the ocean, or their yachts at harbor. You probably wondered, who the heck are these people? Now you know.
Course it’s not your privy to challenge their banking and investment schemes. But you will bail them out, when they make bad loans, and/or investments. And that, my FRiends, is all you need to know.
They could all be exposed. Especially if RuPaul were to get his way. But we all know that is not going to happen. Since they are “too big to fail,” as well as too big to be messed with.
I remain optimistic, that in the future, taxpaying Americans will succumb to the light, once their blinders are removed. For now, the status quo is the strongest tie which blinds.
Please don’t ZOT me for this post. It is not an endorsement for RuPaul. It’s simply he has his footprint all over this issue, which needs to be exposed.
That crazy Ron Paul, the nerve of him wanting the Federal Reserve’s books exposed.
The US dollar being the world’s reserve currency does involve propping up world banks or if they fail the US banks fail, IOW if the US stands by and does nothing the entire world’s monetary system and its house of cards comes tumbling down...US taxpayer money being involved is just a minor detail.
The only good thing about Ron Paul is that he wants to give the Federal Reserve a rectal exam.
|Morgan Stanley:||$2.04 trillion||($2,040,000,000,000)|
|Merrill Lynch:||$1.949 trillion||($1,949,000,000,000)|
|Bank of America:||$1.344 trillion||($1,344,000,000,000)|
|Barclays PLC (UK):||$868 billion||($868,000,000,000)|
|Bear Sterns:||$853 billion||($853,000,000,000)|
|Goldman Sachs:||$814 billion||($814,000,000,000)|
|Royal Bank of Scotland (UK):||$541 billion||($541,000,000,000)|
|JP Morgan Chase:||$391 billion||($391,000,000,000)|
|Deutsche Bank (Germany):||$354 billion||($354,000,000,000)|
|UBS (Switzerland):||$287 billion||($287,000,000,000)|
|Credit Suisse (Switzerland):||$262 billion||($262,000,000,000)|
|Lehman Brothers:||$183 billion||($183,000,000,000)|
|Bank of Scotland (UK):||$181 billion||($181,000,000,000)|
|BNP Paribas (France):||$175 billion||($175,000,000,000)|
Since when does a bribe/kickback get dignified by calling it a “secret bailout”?
Seems as if the US Federal Government is “underwater’ more than they admitted.
JP Morgan was Soros’. Wonder how many others he has his hand in?