Bernanke should be sent to jail for this.
Burn the place down!
Bernanke sounds like an economic monster.
I wonder if that Fed money is what the large banks used to pay off the TARP loans. We keep hearing what a good investment TARP was and how we’ve “made money” on the loans but this suggests it was all just a shell game. Just like GM using one set of govt. loans to pay back another set of loans and then crowing how that makes their bailout such a great deal.
Not this misinformation again!
$16 Trillion as in an average of $12.5 billion a day in overnight loans over the course of 3.5 years = $16 trillion in loans. But $16 trillion was never outstanding at any given time, only a few billion.
And all of those loans were secured with collateral and were repaid with interest. The horrors!
The Federal Reserve made $82 billion in profits last year, all of which gets transferred back to the U.S. Treasury.
So yes, string up Bernanke for doing a wonderful job. Nevermind that the real problem is congressional overspending and bad trade policies. It must be the FED’s fault!
Are you people even reading what you're posting?
Bawney Fwank sees the hand writing on the wall and is getting the hell out of Dodge. Although you’d think we would think prison is just FABULOUS!
BurnYankee is a real piece of work.
Oh, no, they say he’s got to borrow
Borrow, borrow, Fedzilla!
Oh, no, there goes the budget
Borrow, borrow, Fedzilla!
There's just a lil too much secrecy at the not so federal reserve.
Where is the freakin outrage by our representatives? The only elected official I've ever heard utter a peep is Ron Paul.
That's not a Paul endorsement on my part, just an observation. I'm totally pissed that we hear nothing from our elected leaders.
They have got to be in on this crap.