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To: nicmarlo

What’s the difference between saying the taxpayers are paying for the BSC deal and the taxpayers are paying for the FOMC operations? I’ll tell you the difference - nothing.


195 posted on 03/30/2008 1:47:10 PM PDT by groanup (After 20 years someone finally made money in gold. Now it's "I told you so".)
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To: groanup
There is NO post, where I said anything resembling anything like, "The Fed buys bonds every time they want to boost the money supply." AS YOU CLAIMED I said. Nor, did I ever say "they get the money to do that out of the general tax fund," AS YOU CLAIMED I said.

I NEVER spoke to the Fed buying bonds.
I NEVER stated that the Fed buys bonds to “boost the money supply.”
I NEVER stated from where the Fed “gets the money to boost the supply of money.”
I NEVER made any statement concerning “the general tax fund.”
I NEVER stated that “the Fed gets the money to increase its supply of money from the general tax fund.”

You made each one of those statements up and attributed them to me. You LIED and continue to lie.

You have the gall to ask what's the difference between you making up and concocting utter fabrications and lies, which you attribute to someone else who never stated anything of the kind vs. asking someone a question based upon what they actually said?

That you can't tell the difference between a lie and the truth is YOUR problem, not mine. And, now, as to your latest claim:

I NEVER SAID "the taxpayers are paying for the BSC deal" and neither did I say "the taxpayers are paying for the FOMC operations."

One of several rhetorical questions I posted, that should be addressed to Paulson, stated: "Why shouldn't Bear Stearns' Chief Executive Jimmy Cayne be forced to rescind his stock to US taxpayers who will be footing $29 billion?"

Concerning how taxpayers will likely be footing the bill for this nifty transaction, that is exactly one of the questions to be asked during the April 3 hearings....by Grassley and Baucus apparently. Beyond that, there have been numerous posts speaking to that in FR previously, not just on this thread, but others. But, you already know that. Googling that on the internet would yield even more discussions concerning it elsewhere. Bloomberg addresses it as well (the latest is post #198).

You have shown yourself to be nothing more than a pathological liar and are beneath contempt.

201 posted on 03/30/2008 2:44:54 PM PDT by nicmarlo
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