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Fed refuses to identify recipients of $2 Trillion
Bloomberg via Ron Paul News ^ | 2008-11-10

Posted on 11/10/2008 6:39:15 AM PST by rabscuttle385

Link only due to FR policy.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 110th; alinsky; ayers; bailout; banking; bankinglist; bernanke; bush; bushbailout; bushsellout; congress; corruption; dodd; economy; financelist; financialcrisis; foia; frank; govwatch; greenspan; lp; mccaintruthfile; moneylist; obamatruthfile; rats; reid; schumer; sellout; socialism; socialist; spartansixdelta; tammanyhall; ussenate; wallstreet
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To: volslover

” we can’t even know who is borrowing what “

Borrowing??

“Borrowing” implies that the money will be paid back — is there anybody out there so naive as to think this is gonna happen??

I’d rather ‘loan’ money to my alcoholic, out-of-work brother-in-law.....


21 posted on 11/10/2008 7:05:35 AM PST by Uncle Ike (Sometimes I sets and thinks, and sometimes I jus' sets.........)
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To: rabscuttle385

I take active steps NOT to be a conspiracy buff, and to expose the fools that are. However, anyone with a brain should be very much aware that a new age is upon us, and that we talk much about preserving America. Meanwhile, it is quietly being dismantled behind our backs. Politicians are very much complicit in this. What are you going to do when you wake up and America is gone...


22 posted on 11/10/2008 7:06:00 AM PST by Harrius Magnus (LIBERALS: We should invade their countries, kill their leaders and convert them to Christianity.)
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To: Uncle Ike

” we can’t even know who is borrowing what “

Borrowing??

“Borrowing” implies that the money will be paid back — is there anybody out there so naive as to think this is gonna happen??

I’d rather ‘loan’ money to my alcoholic, out-of-work brother-in-law.....

I know that. I was repeating what my neighborhood Peggy Moocher calls it except sometimes she asks do “ I have any change” to give her with emphasis on the word “change” except her change requests are not “chump change”. I agree one thing to work something or pay off something but they don’t call it that in today’s world. In six months, probably will be called a “bailout” on the street and not a loan or a borrow or change.


23 posted on 11/10/2008 7:10:13 AM PST by volslover
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To: rabscuttle385
I am so cynical...

My guess it goes to hedge funds to keep them from imploding....

24 posted on 11/10/2008 7:10:51 AM PST by taildragger (The Answer is Fred Thompson, I do not care what the question is.....)
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To: All

We have got to send a message to the new administration that they will NOT get away with this crap. They need to hear us. WE DEMAND TRANSPARRENCY on this bail out - OUR MONEY !!!

Here is the committee:

Christopher J. Dodd Chairman (D-CT)
Richard C. Shelby Ranking Member (R-AL)
Tim Johnson (D-SD)
Robert F. Bennett (R-UT)
Jack Reed (D-RI)
Wayne Allard (R-CO)
Charles E. Schumer (D-NY)
Michael B. Enzi (R-WY)
Evan Bayh (D-IN)
Chuck Hagel (R-NE)
Tom Carper (D-DE)
Jim Bunning (R-KY)
Robert Menendez (D-NJ)
Mike Crapo (R-ID)
Daniel K. Akaka (D-HI)
Elizabeth Dole (R-NC)
Sherrod Brown (D-OH)
Mel Martinez (R-FL)
Robert P. Casey (D-PA)
Bob Corker (R-TN)
Jon Tester (D-MT)


25 posted on 11/10/2008 7:13:45 AM PST by Reagan69 (No Representation without Taxation !)
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To: taildragger

Could any of this be going to Goldman Sachs?

It just keeps diving - how much money has Buffet lost so far?


26 posted on 11/10/2008 7:16:04 AM PST by RummyChick
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To: rabscuttle385

So is Obama in charge yet, because this sounds like something the dems would do....


27 posted on 11/10/2008 7:17:25 AM PST by af_vet_rr
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To: rabscuttle385
All Bloomberg has to do is start looking at the top democrat/repub contributors and connect the dots.
28 posted on 11/10/2008 7:19:57 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: TheRiverNile

Maybe it’s time for the massive reverse migration to begin:

Back to the Old/Free-er World. I mean it’s not like it isn’t already happening...


29 posted on 11/10/2008 7:26:53 AM PST by eleni121 (EN TOUTO NIKA!! +)
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To: rabscuttle385

This isn’t necessarily a bad thing. Rumors can be very destructive in the financial markets, actually bringing important intermediaries to insolvency with frightening speed. Raw information about who is taking larger than expected Fed loans could quickly become fuel for such rumors, even though there could be underlying reasons for the loans that aren’t signs of impending insolvency at the borrower. Companies release their financial statements quarterly, and it’s probably best to have information about Fed loans released only in conjunction with financial statements, so that they can be evaluated in context.


30 posted on 11/10/2008 7:27:05 AM PST by GovernmentShrinker
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To: Principled
We are so screwed. Yes, WE can demand to know. The problem is half the country does not care! They are waiting for Bambi to pay for their gas, mortgage and word is possible credit card debts. Just heard that he plans on closing Gitmo and setting up a new legal system for terrorist.
31 posted on 11/10/2008 7:30:43 AM PST by ladyvet (WOLVERINES!!!!!)
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To: rabscuttle385
The actual article is here.
32 posted on 11/10/2008 7:41:15 AM PST by snowsislander (NRA -- join today! 1-877-NRA-2000)
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To: snowsislander
The actual article is here.

I know...but direct linking to Bloomberg is forbidden under FR copyright and posting rules.

33 posted on 11/10/2008 7:43:00 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: rabscuttle385

One. World. Government.


34 posted on 11/10/2008 7:45:09 AM PST by Sig Sauer P220 (Thanks to the robber barons in D.C. and on Wall St. I've been forced to become a minimalist.)
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To: rabscuttle385

Huge Drudge headline.


35 posted on 11/10/2008 7:50:35 AM PST by Anti-Bubba182
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To: allmost

Some people say that this country started left with FDR and his many UNCONSTITUTIONAL programs like SS but it actually happened during the administration of Woodrow Wilson. During his 8 years we got the Federal Reserve, the income tax, senators elected by popular vote, criminalization of drugs AND Prohibition (the last two were convenient excuses to expand government power).


36 posted on 11/10/2008 7:53:12 AM PST by Blood of Tyrants (Obama is the Antichrist.)
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To: rabscuttle385

From Billions to Trillions
http://end-times-data.blogspot.com/2008/10/cash-run-begins-in-swiss-banks-short.html


37 posted on 11/10/2008 7:53:22 AM PST by VlPu
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To: rabscuttle385

I just called Jason Altmire’s (D-Western PA) office regarding this FOIA refusal. They were unaware. The aide asked for the website of the article and said they would take a look.

What fools we have become to trust any of them.

Call your congresspeople. Make this an issue.


38 posted on 11/10/2008 7:54:38 AM PST by Glenn (Free Venezuela!)
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To: rabscuttle385
Try looking in the Obamas basement.
39 posted on 11/10/2008 7:56:32 AM PST by Eye of Unk (Aleutica, the new name of Free Alaska)
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To: volslover; All

I can’t think of any legitimate reason to refuse a FOIA request for this information.

I can’t imagine national security issues being involved etc.....they must comply, and hopefully a judge will order such.


40 posted on 11/10/2008 7:58:54 AM PST by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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