Posted on 01/23/2011 7:21:37 AM PST by FromLori
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Accounting Tweak Could Save Fed From Losses
http://www.freerepublic.com/focus/f-news/2661476/posts
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“Negative interest owed to Treasury” means losses owed to FED by Joe Taxpayer. Thank you Hanky Panky Bernanke!”
It's not privately owned? LOL!
It's an excellent solution.
I’m sure they’ll get right on it!
Get right on what?
This was written before this news came out.
Prescient.
“The theme here is simple enough: If and whenever the circumstances justify a major response, existing rules will be changed, altered, bent, or broken.”
http://www.chrismartenson.com/blog/dont-worry-theyll-just-change-rules/50568
We have entered an Age of Lawlessness.
Bailouts for them, major losses for all the rest of us. Period.
But big banks? They get a free pass to go along with free money
Free money? The TARP wasn't free. Neither are loans from the Fed.
I would absolutely love the opportunity to borrow money from the government at a low rate and lend it back to the government at a higher rate, but that program is not available to me.
Which program do you (or Chris) imagine allows a bank to do that?
Small, regional banks without access to unlimited and essentially free capital from the Fed are now forced to compete with big national banks that have been granted an unlimited backstop by the Fed.
Free capital from the Fed? I think he's a bit confused about what capital means.
Oh, the pro bank troll.
Let’s see. You ask questions, nit pick the answers and then you LOL.
Here is my question to you, before I will even pretend to answer your questions.
Do you deny that the tax payers are going to pay for TARP?
It's true, when I see nonsensical claims, I try to get the claims clarified. When the poster can't or won't answer and squeals about it, I often have to laugh at them.
Do you deny that the tax payers are going to pay for TARP?
The TARP is a Treasury program. The funds used were borrowed. If the TARP is not fully repaid, the losses will have to be covered by the tax payers.
And what if the "future profits" fail to equal the liability? How many seats are left in this game of musical chairs? Look in the mirror to see who pays.
They keep allocating profits until it does.
“The funds used were borrowed.”
BUT those funds were borrowed under fraudulent lies.
AND taxpayers WILL be expected to pay for it.
The FED is changing the rules for themselves and others to profit from this whole scheme.
The rest of us and our children will be paying for it.
There will be trouble when the sheeple wake up.
As to your questions you posted, I only posted a link.
I am not going to play that game with you.
What is the time frame? The probability is that they never catch up. I hope your point is the same as mine - never.
“And what if the “future profits” fail to equal the liability? How many seats are left in this game of musical chairs?”
The FED is going to win at the cost of the rest of us. Period. Laws, rules and rule of law be damned.
“Look in the mirror to see who pays.”
You have got that right.
The laws of physics don’t apply anymore, Scottie. /s
Really?
AND taxpayers WILL be expected to pay for it.
Yes, if the TARP isn't repaid, taxpayers are on the hook.
As to your questions you posted, I only posted a link.
Yes and I only posted some of the things the author was wrong or confused about.
I am not going to play that game with you.
I didn't expect you to contribute to the discussion.
Explain why it matters.
The probability is that they never catch up.
Catch up to what?
“I didn’t expect you to contribute to the discussion.”
Hahahahahaha!
And neither did you.
More "privatize any profits, socialize any losses". I can't wait to see these Central Bankers dancing at the end of ropes.
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