Tag Archives: Federal Reserve

How many banks will file bankruptcy without recent $2 trillion emergency loan from Fed?

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 [...]

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The Federal Reserve really blew it in the 21st Century!

Does anyone remember way back when Alan Greenspan intentionally burst the dot.com bubble. He kept interest rates high longer than he should have and the bubble popped. When he realized he was causing a recession, he reversed his strategy. He lowered the interest rate to 1%. Out of fear, he kept it at 1% for [...]

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Federal Reserve refuse to identify expending bailout–almost $2 trillion of emergency loans from American taxpayers

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 [...]

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Did you even look at the chart. It’s pretty obvious where were headed.

“If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the [...]

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Goldman forecasting biggest rise in joblessness since WWII

WASHINGTON (MarketWatch) — The unemployment rate is expected to rise to 8.5% by the end of next year and inch even higher in early 2010, economists for Goldman Sachs wrote Friday. The cumulative trough-to-peak increase of more than 4 percentage points in the jobless rate would be the most since World War II, they said. [...]

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