Did The Fed Just (Surreptitiously) Bail Out Europe?

No, not just Greece - all of Europe. Without Congressional authorization or notice, of course.

That nice little vertical line is a gain of $421.8 billion dollars of outstanding loans and leases in one week's time.

WHERE THE HELL DID THAT MONEY GO AND WHAT COLLATERAL WAS TAKEN AGAINST A FOUR HUNDRED BILLION DOLLAR INCREASE IN OUTSTANDING LOANS?

You won't find anything like that in the records - because it's never happened before. That's beyond unprecedented, it's ridiculous, and assuming it's also accurate, someone has some 'splaining to do on what clearly appears to be some sort of back-door game being run.

Update: It has been suggested that this may be related to the FASB changes and securitized loans coming back on the balance sheet. If so, where's the alleged memorandum items on the other side and the footnote on FRED? The latter is missing, but the necessary data on FRED to confirm that is not yet updated.

Nonetheless, if this is the case, it's still bad (just not catastrophic) as this will directly hit capital ratios. Or, put another way, where's the additional capital that "should" be there to support what is now on balance sheet and was previously off (never mind that it was crooked as hell to have it off in the first place!)

In the press conference following the nuke summit today, Obama responded to a question with a statement that the major nations of the world had agreed on the need to ‘balance out the world economy.’ Balance out? I am paraphrasing, but that sounds very much like the theory that it is necessary to bring our economy to down in order to bring the rest of the world up.

Obama responded to a question with a statement that the major nations of the world had agreed on the need to ‘balance out the world economy.

Money to IMF or UN from wealthy countries for poorer countries. This would have been the end result for cap and tax America to death scam. If he can't get cap and trade going he will go about it a different way. Obama before he was elected said he wanted trillions to go to the United nations for poor countries.

Obama's socialist czar also wants our economy more in line with other countries. In other words 10% unemployment forever was planned. Slower economy, less growth.

Barack Obama picked a radical socialist as his climate czar. Carol Browner belongs to organizations that call for “global governance” http://bit.ly/chWdoE

Until last week, Carol M. Browner, President-elect Barack Obama's pick as global warming czar, was listed as one of 14 leaders of a socialist group's Commission for a Sustainable World Society, which calls for "global governance" and says rich countries must shrink their economies to address climate change. http://bit.ly/b9LkVk

With trillions missing in the federal reserve and no accountability...we are going to be a third world country by the time Obama leaves.

And not one of Obama's czars believes we are going to be anything but a lower economy and lower on the totem pole by the time they are done.

Obama's White House Science ‘Czar’ Tells Students: U.S. Can’t Expect to Be Number One in Science and Technology Forever http://bit.ly/b0pxLs

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