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Meet The 35 Foreign Banks That Got Bailed Out By The Fed (And This Is Just The CPFF Banks)
ZeroHedge ^
| ZeroHedge
Posted on 12/02/2010 1:22:10 AM PST by quesney
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Dude, where's my country?
1
posted on
12/02/2010 1:22:14 AM PST
by
quesney
To: All
It seems like we’re waking up on a daily basis to ever-more evidence the country we all grew up in no longer exists.
2
posted on
12/02/2010 1:24:34 AM PST
by
quesney
To: quesney
Michael Savage compares the wholesale looting of the treasury and theft from taxpayers like a segment of The Sopranos where the owner of a sporting goods store with a mob debt has his store taken over. The mobsters run up all his credit cards and cart away his inventory out the back until nothing is left but a gutted storefront and the owner is left in ruins.
3
posted on
12/02/2010 1:43:34 AM PST
by
SpaceBar
To: SpaceBar
They are delivering ultra short maturity treasury securities to banks. Which the fed buys with money printed out of thin air - now, we (the taxpayers) owe principal and interest to the holders of those treasuries - in this case foreign banks.
4
posted on
12/02/2010 1:48:45 AM PST
by
jd777
To: jd777
The stock market is just another Scam at this point.
First: I am not fond of public spending.
But it is important to accept the fact that most debt (in America, UK, Sweden) are external and owed to nonresidents.
To: quesney
Privatize the profit, socialize the losses. The new business model. Watch for new round of money printing.
7
posted on
12/02/2010 2:25:06 AM PST
by
steveab
(When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
To: SpaceBar
The mobsters run up all his credit cards and cart away his inventory out the back until nothing is left Known as a "Bust Out".
Pretty common in Noo Yawk and Joisey in the '60s. Vegas too...
8
posted on
12/02/2010 2:28:32 AM PST
by
Regulator
(Watch Out! Americans are on the March! America Forever, Mexico Never!)
To: quesney
I may be wrong, but I seem to remember that this has ben known for some time. The home loans to bad credit/no credit customers were bundled and sold upstream to lots of foreign banks and insured by AIG - hence the AIG bailout “bailed out” big foreign banks. The article below gives some perspective - there are probbably more succinct ones out there:
http://www.thenation.com/article/153929/aig-bailout-scandal
9
posted on
12/02/2010 2:32:45 AM PST
by
Puddleglum
("due to the record harvest, rationing will continue as usual")
To: quesney
To: SpaceBar
like a segment of The Sopranos where the owner of a sporting goods store with a mob debt has his store taken over. The mobsters run up all his credit cards and cart away his inventory out the back until nothing is left but a gutted storefront and the owner is left in ruins.
And they torch the place and collect on the insurance.....the end
To: quesney
To: quesney
To: quesney
how much of this,
has been paid back?
14
posted on
12/02/2010 3:39:12 AM PST
by
Talf
To: Talf
And yet people still attack ron paul.
15
posted on
12/02/2010 3:58:56 AM PST
by
GlockThe Vote
(Who needs Al Queda to worry about when we have Obama?)
To: quesney
Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."
16
posted on
12/02/2010 4:25:28 AM PST
by
Diogenesis
('Freedom is the light of all sentient beings.' - Optimus Prime)
To: quesney
should never have happened
17
posted on
12/02/2010 4:33:04 AM PST
by
tutstar
To: quesney
This simply has to be untrue.
18
posted on
12/02/2010 4:42:38 AM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: quesney
To: jd777
I’m not gonna pay jack squat, and neither are my kids.
20
posted on
12/02/2010 4:55:16 AM PST
by
ecomcon
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