Fed Moves $421.8 Billion Without Warning, Is the Fed Bailing out Greece?

The Market Oracle ^ | 4-14-2010 | Dr Jeff Lewis

[CodeToad]

More money laundering by Obama.

[Secret Agent Man]

Not likely. Greece is a european country. Obama just redistributes wealth to non-european countries/peoples.

[Bigtigermike]

It’s time to end the Fed

[Parley Baer]

Time for some of our Congress people to investigate.

[boycott]

I hope they spend it on something better than that job stimulus package they wasted before.

[RC one]

I hypothesize that we lent it to Germany at 4% interest so they could loan it to Greece at 5% or something like that. The fed doesn’t have to tell so we may never know for sure.

[driftdiver]

Greece? I bet they bailed out soros

[Mamzelle]

Bailing out California?

[Shermy]

Bush capitulated and his peeps said Fannie and Freddie securities are government guaranteed. Maybe China asked for its “guaranteed” money back.

[andy58-in-nh]

I'm sorry: exactly whose money are they lending again? Or is half a billion dollars now considered a piddling amount of chump change in the Age of Obama's Funny Money? The media doesn't care, nor does Wall Street, as long as the banks continue to borrow boatloads of printed dollars at 1% interest to lend back to their customers at 29% and otherwise drive up the stock market without creating jobs or wealth? Does no one see where this will all end, or is "catastrophe" just another overused Greek word?

[stboz]

Does this mean we own Greece? I mean, why not? China owns us.

[Touch Not the Cat]

.
Oh no they don’t!

[nkycincinnatikid]

No we sell the German widows and orphans funds freddie and fanny approved mortages on 500,000.00 dollar homes in Hamtrack.

[Irish Eyes]

........................................The St. Louis Federal Reserve Bank, which documents the inner workings and balance sheets at the nation's central bank, just released new research and data suggesting that the Federal Reserve lent $421.8 billion – with no one knowing exactly where it went.

Interesting.. anyone know where obama was the other day or who he met with when he went missing.

[Bigtigermike]

I was just htinking about that....Obama came up missing for a few hours and now this? Hmmmmm!

[TPOOH]

"It’s time to end the Fed "

Great idea - but then who would run the government?

[buccaneer81]

Cash heading to the ROP. The amount is almost exactly what a two week Space Shuttle mission costs.

[buccaneer81]

Yikes! I mean what a trip to Mars would cost. A Shuttle mission is $421 million. Mere chump change.

[NTHockey]

And we still don’t know who moved all the money in October 2008 and why!

I’m sure that the Slimes and the Compost have their best reporters o the job./s