[Errant]

Bernanke Urges Banks to Forgive Portion of Mortgages

The Fed forgives loans all of the time, both domestic and foreign - not sure what "error" you see on Page 27.

The Fed creates money out of "thin air". Where's the cost in doing that???

Watch this video for a great reference of how the Fed "creates" money:

The Biggest Scam In The History Of Mankind

[Toddsterpatriot]

The Fed forgives loans all of the time, both domestic and foreign -

When has the Fed ever done that?

not sure what "error" you see on Page 27.

LOL! You think "there is little of tangible value that is actually lost", when someone defaults on a loan to a bank? Seriously?

The Fed creates money out of "thin air". Where's the cost in doing that???

Griffin is talking about private banks, not the Fed.

Watch this video

I know how the Fed, and other banks, create money. Griffin is the guy who needs to learn.