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  1. #1 The Fedís Trillion-Dollar Foreign Bank Bailout 
    Senior Member Janice's Avatar
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    Shocking: The Fed’s Trillion-Dollar Foreign Bank Bailout

    The Federal Reserve has revealed details of the trillions of dollars it gave in emergency aid to U.S. and foreign banks during the financial crisis.

    New documents show it paid out a staggering $1.5trillion (almost £1trillion) to British banks - over a third of the total money lent - in an effort to prop up the financial sector.

    The Fed dished out $2.2trillion to banking giant Citigroup, $2.1trillion to Merrill Lynch and $2trillion to Morgan Stanley.

    In addition, payments have also be made to Bear Stearns ($960billion), Bank of America ($887billion), Goldman Sachs ($615billion), JPMorgan Chase ($178billion) and Wells Fargo ($154billion).

    And foreign banks who benefited from the Fed's aid included European Central Bank, Bank of England and the Bank of Japan as well as Swiss bank UBS, which borrowed more than $165billion, Deutsche Bank ($97billion) and the Royal Bank of Scotland ($92billion).

    FoxNews

    Cant possibly imagine a faster way to bankrupt this nation ...

    Who's going to bail us out?
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  2. #2  
    Senior Member Zathras's Avatar
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    Quote Originally Posted by Janice View Post
    Who's going to bail us out?
    Nobody but you can sure as hell bet they'll jump on us if we die as a country like a pack of wild dogs on a rotting carcass.
    Solve a man's problem with violence and help him for a day. Teach a man how to solve his problems with violence, help him for a lifetime - Belkar Bitterleaf
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  3. #3  
    Senior Member Janice's Avatar
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    The Fed Bails Out Gaddafiís Libyan Bank, Arab Banking Corp. of Bahrain, Banks of Bavaria, Korea and Mexico Ö But Shafts America

    Fox Business noted in December:

    The conflicts of interest and policy controversies in the Federal Reserveís bailout of the financial system now include helping out millionaires, billionaires, foreign automakers, and companies whose executives sit on the board of directors of the U.S. central bank.

    The Federal Reserve also bought more than $2.2 billion in commercial paper from the state-owned central bank of Bavaria, and it gave more than $23 billion in loans to the Arab Banking Corp. based in Bahrain, with an interest rate as low as a quarter of a percentage point. The Federal Reserve also lent more than $9.6 billion to the Central Bank of Mexico.

    ***

    Banks worldwide tapped into the Federal Reserveís emergency lending programs more than 4,200 times for a total of $3.8 trillion, estimates show.

    Senator Sandersí staff found that ďseveral billionaires and tens of multi-millionaires received cheap loans from the Fed ... That Fed program is called the Term Asset-backed Securities Loan Facility.

    The rich include Christy Mack, the wife of Morgan Stanleyís John Mack, billionaire businessman H. Wayne Huizenga; and Michael Dell, co-founder of Dell Computer, hedge fund manager John Paulson and private equity honcho J. Christopher Flowers.

    ***

    [Senator Sanders] also says that it appears the Fed provided loans to over 100 separate hedge funds, offshore funds, and other investment funds located in the Cayman Islands and other tax havens via the TALF program alone.

    The American people didnít get to vote on these huge bailouts and low-cost loans to foreign banks.

    Congress didnít get to vote on them Ö they didnít even know about them.

    Independent economists didnít have a chance to weigh in on whether shipping American dollars abroad is good for the U.S.

    Indeed, it seems as if the Fed has chosen to help everyone but the average American Ö choosing the big banks and financiers Ė abroad or in the U.S. Ė again and again at the expense of the little guy. (The Fed is even intentionally curbing lending by the banks to Main Street.)

    MORE@WashingtonsBlog

    So WHERE are the Republican Congressional girly men in holding the mercedez marxist accountable?
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