A future out of control, bankrupt financial institutions trying to hold on, limitation on credit severely limits ability of the economy to start up again, debt totally embraces our lives, handouts a state secret, soon cash infusions wont work for banks anymore, banks hold too much toxic garbage to even know if they are solvent [...]
Based on a thorough analysis, Bloomberg estimates that the U.S. government is prepared to lend more than $7.4 trillion on behalf of American TAXPAYERS, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago. According to Bloomberg, “the unprecedented [...]
Fed Pledges Exceed $7.4 Trillion to Ease Frozen Company Credit
“Nov. 24 (Bloomberg) — The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago. [...]
Why risk taxpayer money saving bad management when another option is available?
I propose that the UAW use it’s strike, retirement funds, etc. and buy both GM and Ford. If necessary the US Government can loan the UAW the $5.6 billion needed rather than the $25 billion asked for by GM, Ford, and Chrysler management. [...]
Nov. 12 (Bloomberg) — House Republican leader John Boehner called for the Federal Reserve to disclose the recipients of almost $2 trillion of emergency loans from American taxpayers and the troubled assets the central bank is accepting as collateral.
Boehner, in a prepared statement, also asked the Federal Reserve to comply with a Freedom of Information [...]
Our “adversary” media have been extremely deferential toward those promoting the looting of the American taxpayers during the ongoing economic and financial crisis. However, Bloomberg News should be congratulated for filing suit against the Federal Reserve in an effort to disclose the securities the central bank is accepting on behalf of American taxpayers as collateral [...]
How many banks will file bankruptcy without recent $2 trillion emergency loan from Fed?
Fed Hides Destination Of $2 Trillion In Bailout Money
Fails to comply with congressional demands for transparency, underscoring age-old problem of top down socialism and letting the fox guard the henhouse
Paul Joseph Watson
Prison Planet.com
Tuesday, November 11, 2008
The Federal Reserve is [...]
Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients 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 [...]
Nov. 7 (Bloomberg) — Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.
The lawsuit is based on the U.S. Freedom of Information Act, which requires federal agencies to make government [...]
By William Greider
October 30, 2008 “The Nation” — The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. [...]
Since the Government and Taxpayers now own Fannie, Freddie, interest in AIG, and banks I believe this plan is Feasible. Also,
Since Obama plans Cabinet Position in Technology, including Internet and Automation, this idea should be used to reduce Mortgage costs.
FIRST Obama Technology Project, help restore Middle Class and stop “Homeowner Walkaway Crisis!”
FIVE [...]
Perhaps this new strategy is an improvement upon last week’s Treasury brainstorms, but it is still $100 billion of inflation stimulating money that would not be needed if Wall Street had been a proper steward of its trust.
In evaluating the plan, Americans need to understand what $100 billion dollars buys in the real world [...]
“America has become a pretty discouraging place. Americans, for the most part, will never know what happened to them, because they no longer have a free and responsible press.
The 20th century proves that the market is likely to know better than a central planning bureau. It was Soviet Communism that collapsed, not American capitalism. [...]
One of my favorite Warren Buffet quotes:
“If you want to go fast, go alone. If you want to go far, go together.”
That is what we, as American Taxpayers, are about to do. We are going to “go far” by collectively investing in the economic future of our country. This “bailout” is essentially that. [...]
UPDATE: Senator Seeks Higher Fines For Banks In ARS Cases
Last Update: 8/15/2008 6:35:44 PM
(Updates with Citigroup’s no comment, and hypothetical example from Grassley
about a potential fine and tax effect.)
By Martin Vaughan
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–A senior Republican senator wants the Securities and
Exchange Commission to ensure that banks [...]
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