[dollarbull]

True but they just don't get to keep the money and add it to the list of things they own

Check the news on BSC today: The fed is guaranteeing every piece of crap on BSC's balance sheet in order for JPM to take them over. That's is precisely a direct printing up of money and transferring it to JPM.

And yes they get to keep it. Who pays for this? Look in the mirror.

[dennisw]

You are completely correct as far as Bear Stearns...... But not in the general way that banks are allowed to “create money”

[AndyJackson]

Who pays for this?L

Not us. We learned that it is money created out of thin air, that inflating the currency does not pick our pockets, and that the right to have the Federal reserve make you whole for your losses is a fundamental right of freedom. Furthermore, we are not even making new money, but just money that was always there (except that they lost it, and so the Fed is just giving them back what they lost).

What. Me worrry? It's all good. Nothing to see here. Just move along. Oh yeah. BSC was doing just fine, no problems at all, until like Wile. E. Cayote they found themselves 5,000 feet up with an anvil over their heads.

It's all good.

[AndyJackson]

You see, the Fed is no different than the lost and found at summer camp. Lose $100B. No problem. Go to the Fed and they find it for you.