Fed Refusing to say Where Money is Going

[ImWithStupid]

This is a bunch of crap...

 

Fed Defies Transparency Aim in Refusal to Disclose (Update2)

 

By Mark Pittman, Bob Ivry and Alison Fitzgerald

 

Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipient of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

 

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

 

``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. ``In a liquid market, this wouldn't matter, but we're not. The market is very nervous and very thin.''

Bloomberg.com: Worldwide

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[wez]

Time to do away with the fed and run them bastards back to where they come from.. Hell..

 

 

Off with his head ~ Hugo

[RoyalOrleans]

The recipient has to be one of the three, if not all three, American automakers.

[wez]

The recipient has to be one of the three, if not all three, American automakers.

 

I doubt it.. Prolly borrowed it to our "enemies"in the middle east... For a tidy interest rate of course.. The Rothchilds prolly need a new Corvette or 50 before the American car becomes extinct..

[RoyalOrleans]

I doubt it.. Prolly borrowed it to our "enemies"in the middle east... For a tidy interest rate of course.. The Rothchilds prolly need a new Corvette or 50 before the American car becomes extinct..

 

Because our greatest enemies must tool around in a heap of fiberglass and utter douchebaggery.

[wez]

Because our greatest enemies must tool around in a heap of fiberglass and utter douchebaggery.

 

Yeah.. that's right.. And have high tea in their garden as they laugh at our utter stupidity..

[Guest big kitty]

Ok, now I am more confused than ever. In recent weeks all the talk was about how this bail out thing was the only way to save the markets and the common man from going under. But from what I have seen there are more court actions being taken to recover money by lenders. I understand some of the increase is so that lenders can come after peoples tax returns but it seems to have really gone up this year.

 

So were did all the bail out money go? Because to the untrained eye (big kitty's of corse) it doesn't look like this bail out thing helped the common man at all. Now stupid is saying more is going out and they don't have to tell us how its being spent. On top of that the new President wants more money to fund programs we can't pay for now. I guess we hosed for next four years.

 

 

Is Canada taking residency applications?

[phreakwars]

Now why on Earth would you want to goto Canada when the whole plan is to crash the American currency and combine it with Canada and Mexico.

 

You won't be getting out of America because that is only the start of the real game, which is to destroy our constitution, destroy our borders and take us one step closer to a world government.

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[wez]

Ok, now I am more confused than ever. In recent weeks all the talk was about how this bail out thing was the only way to save the markets and the common man from going under. But from what I have seen there are more court actions being taken to recover money by lenders. I understand some of the increase is so that lenders can come after peoples tax returns but it seems to have really gone up this year.

 

So were did all the bail out money go? Because to the untrained eye (big kitty's of corse) it doesn't look like this bail out thing helped the common man at all. Now stupid is saying more is going out and they don't have to tell us how its being spent. On top of that the new President wants more money to fund programs we can't pay for now. I guess we hosed for next four years.

 

 

Is Canada taking residency applications?

 

 

It was printed out of thin air and put on the back of the common man to be payed back with interest to the Rothchilds, Rockefellers and a few other bastard people for the next 100,000 years so they could claim ownership over planet Earth and everyone in it for all eternity..

 

There's no escape... cept Mars.