[La Lydia]

Factual reinforcement for the school of thought that the Obama administration has set out, deliberately, to destroy the economy of our country and bring us to our knees so they can impose their socialist replacement.

[PGR88]

The FED is the main prop under the Progressive State.
- No FEd means no bailouts for the politically-connected.
- No FED means no taxation through money-printing.
- No FED means no bubble blowing in an attempt to revive a broken system.
- No FED means workers wages and savings are not eaten up through inflation and fake money.
- No FED means that the Government can not run $Trillions in deficits. The FED is the only thing that prevents disclipine from being forced profligate Governments.

These documents are proof enough that the unelected FED has become our Government.

[WVKayaker]

The only good thing I see to agree with, is supporting employment at MickeyD's and Harley Davidson through short term LOANS. The banks are sucking us dry, but at least we can ride a Harley to get a Happy Meal!

[hosepipe]

Bernie Abramoff eat yer heart out..
YOU TOO... Willie Sutton..

[SE Mom]

ping- more info

[bareford101]

THIS BEGAN IN JANUARY, 2009! There is no doubt about what the obamanation of America is about!

[9YearLurker]

So what was the actual value, all hassle and time involved, of those mortgage securities? Fifty cents on the dollar? If so, we’d be talking about $150 billion gifts to each of multiple major European banks.

If to ward off claims of fraud against Fannie and Freddie I’d think other, domestic investors could have filed such claims by now. If the American taxpayer is now responsible to make whole any losses or failure of any large bank worldwide, we might as well just shut down as a country. We’re done for.

[ClearCase_guy]

Years from now, people will look back at us and say, "What idiots! Didn't they see? How did they let this happen?"

[SueRae]

We suspected as much when the Fed secretly disbursed those funds...when the people asked where the money went they act as if WE don’t have a need to know.

What if anything takes the place of the Federal Reserve? Do we need it? Is it redundant to the Treasury? I’ll admit I am a complete greenhorn in this area but I’ll be damned if you allow that kind of money to be thrown around by an institution with zero oversight.

[DannyTN]

I'm also reading that most of the foreign loans have been paid back with interest. So what's the problem?

I can think of some potential problems, but none that worry me:

• IF IF IF the loans to Foreign banks weren't really paid back but a GM type shuffle has occurred, where the US has issued other loans to replace the emergency ones, then the risk would still be outstanding. But we don't know that. There are allegedly another $900 billion of undisclosed loans.
• IF IF IF inflation during the period the loans were outstanding exceeded the interest, then it's a net loss to us. But even if that occurred that loss needs to be compared to the loss that would have occurred if world banking collapsed. Additional unemployment benefits, welfare, loss of tax revenues, loss of economic income, etc.
• It was a risk with our money, that appears to have worked. Of course we don't know for certain what would have happened if the FED had done nothing, but I believe it would have been very very bad.
• Would more/earlier disclosure been better or caused panic among customers of the firms receiving aid. Probably would have caused panic.
• Would more controls over the money and more discussion of the fact that controls existed and who all is watching, without disclosing the recipients helped public confidence? Absolutely.

[6SJ7]

Legendary money manager Bill Gross, who oversees more than $1.2 trillion at Pacific Investment Management Co. said last month during a television interview that part of his success over the last 18 months was due to buying securities in front of the Fed, and selling them to the Fed at a premium,

What a cozy arrangement.

[Iron Munro]

Hanging these ba****ds on the National Mall and leaving their bodies for the birds to clean to the bone is not severe enough but It might send the right message.

They view themselves as Masters Of The World and think America's wealth (extorted from workers, doers and contributors) is theirs to use to mold and manipulate the world as they see fit.

It is our true policy to steer clear of entangling alliances with any portion of the foreign world.
-- George Washington

Is it Claire Wolfe time yet?

[Bean Counter]

Mind boggling isn’t it?

Isn’t it interesting that the Swiss Bankers took these loans, then turned around and made a deal with the US Treasury to no longer protect all those Swiss Bank Accounts??

And people are just becoming worried that we might bail out Ireland...

[the invisib1e hand]

b4L.

[668 - Neighbor of the Beast]

0bama is Looter Guy.

[Mr. Jeeves]

"However, the program has also been heavily praised for preventing delaying an Armageddon-type situation in which mortgage costs could have skyrocketed, collapsing the housing market and leading to even more foreclosures."

Armageddon is still coming. The bad debt has to be brought forward and defaulted - no matter how many big political contributors are personally bankrupted in the process. Japan has staved it off for twenty years using the same tactics the Fed is trying, but their day of reckoning is nearly at hand.

[phockthis]

sfl

[servantboy777]

Before the federal government raises my taxes and cuts my future benefits......These foriegn banks should be made to pay back OUR money.

[Tzimisce]

Wikileaks can get our military/intelligence secrets, but nothing that really makes Obama look bad.

Liberal Socialists stick together. :(

[SunkenCiv]

Thanks FromLori.