[CodeToad]

More money laundering by Obama.

[Secret Agent Man]

Not likely. Greece is a european country. Obama just redistributes wealth to non-european countries/peoples.

[Bigtigermike]

It’s time to end the Fed

[Parley Baer]

Time for some of our Congress people to investigate.

[boycott]

I hope they spend it on something better than that job stimulus package they wasted before.

[driftdiver]

Greece? I bet they bailed out soros

[Mamzelle]

Bailing out California?

[Shermy]

Bush capitulated and his peeps said Fannie and Freddie securities are government guaranteed. Maybe China asked for its “guaranteed” money back.

[andy58-in-nh]

I'm sorry: exactly whose money are they lending again? Or is half a billion dollars now considered a piddling amount of chump change in the Age of Obama's Funny Money? The media doesn't care, nor does Wall Street, as long as the banks continue to borrow boatloads of printed dollars at 1% interest to lend back to their customers at 29% and otherwise drive up the stock market without creating jobs or wealth? Does no one see where this will all end, or is "catastrophe" just another overused Greek word?

[stboz]

Does this mean we own Greece? I mean, why not? China owns us.

[Touch Not the Cat]

.
Oh no they don’t!

[nkycincinnatikid]

No we sell the German widows and orphans funds freddie and fanny approved mortages on 500,000.00 dollar homes in Hamtrack.

[Irish Eyes]

........................................The St. Louis Federal Reserve Bank, which documents the inner workings and balance sheets at the nation's central bank, just released new research and data suggesting that the Federal Reserve lent $421.8 billion – with no one knowing exactly where it went.

Interesting.. anyone know where obama was the other day or who he met with when he went missing.

[buccaneer81]

Cash heading to the ROP. The amount is almost exactly what a two week Space Shuttle mission costs.

[NTHockey]

And we still don’t know who moved all the money in October 2008 and why!

I’m sure that the Slimes and the Compost have their best reporters o the job./s

[Buddy B]

Bump.....

[hinckley buzzard]

Propping up the stock market, more likely.

[nc28205]

No. The jump was caused by "Financial Accounting Statements No. 166". This new set of rules deals with the way U.S. banks must handle off-balance-sheet vehicles (OBSVs).

Prior to the financial crisis, OBSVs were common. When banks acquired particularly risky assets such as sub-prime mortgages, they would create a special holding company to take possession of these instruments.

Banks themselves could then report a pristine balance sheet, uncluttered by high-risk assets. The banks still owned the OBSVs, and if the assets did pan out they could reacquire them and come out golden. If the risky instruments blew up they could be left where they were, with no one the wiser.

This practice was scrutinized heavily following the financial collapse. Regulators decided (rightly) that banks were using OBSVs to distort their balance sheets, giving investors and clients an inaccurate picture of financial health.

So FAS No. 166 was created to "bring the balance sheets home". As of March 31 of this year, banks were forced to bring all off-balance-sheet assets back onto the books.

A good chunk of these assets were loan portfolios, which caused the massive jump in outstanding loans and leases shown in the chart above.

[bigbob]

Could become the 58th state.

[Carley]

They’re keep the stock market on the rise.