Posted on 03/09/2014 4:46:47 PM PDT by Kartographer
Ok, you put your faith in the people who ADMITTED they caused the Great Depression and I will put my faith in the “Show Me” philosophy.
And there IS a difference in WHO is auditing...I don’t care for their auditors...When I suggested audit, I meant by someone not connected to the existing food chain.
It matters WHO audits....its seems like you believe the pat answer for everything.
No, I don’t believe time share condos are a good investment, neither do I believe in audits by non independent entities.
A good question is — why do you like the Fed? Why should a private corporation control our money supply?
Yeah, they really screwed the pooch on that one.
What does that have to do with your $10 trillion error or the fact that you think the 2 sides of a balance statement, asset and liability, are arbitrary?
And there IS a difference in WHO is auditing.
Deloitte. Sounds French, I can see why you distrust them.
Pointing out your bad math means I like the Fed? LOL!
Why should a private corporation control our money supply?
That's easy, they aren't private.
Don't listen to Marcella. Prolonged use of wet wipes causes autism in children...all children! They don't even have to use them!
Stick with tried and true Toilet Paper, of which I have all you'll ever need!
Muahahahaha!
You got it. I don’t want to cause autism in all children. But will it [using TP] save the whales?
You really do believe the lies, don’t you.
Just because the federal reserve web site says it’s not a private company (actually each district is it’s own financial corporation), does not make it so.
You may be familiar with Hoovers. The people who do research on every publicly and privately traded organization in the US? They list the various federal reserves as private corporations...
The following is from the federal reserve website....
he twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations—possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
......now back to actual facts, the following loans from the federal reserve was the part of the “too big to fail” fiasco - they loaned money DIRECTLY to these institutions
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
“All Other Borrowers” - $2.639 trillion
That adds up to 16.1 Trillion..
if the Fed has ONLY 4 Trillion, how did they LOAN 16 Trillion?
Just because you feel it's a private company doesn't make it so.
......now back to actual facts, the following loans from the federal reserve was the part of the “too big to fail” fiasco - they loaned money DIRECTLY to these institutions
Yes, you've discovered the Discount Window.
if the Fed has ONLY 4 Trillion, how did they LOAN 16 Trillion?
Easily. If they loan $1 million, overnight and you pay it back and they loan it again, for 1 year, did they loan you $1 million, or $365 million?
They didn’t loan it overnight. Those are long term bailout loans, to banks in other countries as well.
I think you would be in the middle of a sausage factory where they were stuffing cats intros sausages and you would believe the 100% beef label.
You must have a reason.
“Prolonged use of wet wipes causes autism in children...all children! They don’t even have to use them!”
Dear Dr. papertyger,
Please send your research about autism in children who DON’T use wet wipes but wet wipes cause it in them anyway. You should get the Nobel Price for the biggest lie ever told - congratulations. :o) If you researched, you would find wet wipes cause global warming, hang nails, hurricanes, baldness, and tornados. :o)
You’re just saying that because I make toilet paper, and you’re trying to hurt my credibility ;)
Sure they did. Then they lengthened the loans to something like 30 days, max.
Pages 144-146 gives a better look at totals borrowed.
You must have a reason.
I expect liberals to say idiotic things. For some reason, when conservatives do the same, I feel the need to try to correct them.
pages 144-146 are not totals.
And why would “the Fed” loan money to foreign banks and companies?
Because they are NOT part of the government.
If they are part, they what the hell are the doing loaning to other countries?
Do you think true conservatives are for all those bailouts?
YOU ARE THE FINANCIAL LIBERAL!
If I lent you $1 million a day and you paid it back the next day and I repeated the process for 30 days, is the total I loaned you $30 million or $1 million?
And why would “the Fed” loan money to foreign banks and companies?
They explained why they loaned money during the crisis. Would you like me to find it for you?
Because they are NOT part of the government.
But of course the Fed is part of the government.
If they are part, they what the hell are the doing loaning to other countries?
They didn't lend to foreign countries. They did liquidity swaps with other Central Banks. I could try to explain that to you, if you'd like. It has something to do with the dollar being the world's reserve currency.
I could try to explain that to you as well.
Do you think true conservatives are for all those bailouts?
Which ones?
YOU ARE THE FINANCIAL LIBERAL!
Is everyone who corrects your misconceptions a liberal?
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