[DannyTN]

I'm also reading that most of the foreign loans have been paid back with interest. So what's the problem?

I can think of some potential problems, but none that worry me:

• IF IF IF the loans to Foreign banks weren't really paid back but a GM type shuffle has occurred, where the US has issued other loans to replace the emergency ones, then the risk would still be outstanding. But we don't know that. There are allegedly another $900 billion of undisclosed loans.
• IF IF IF inflation during the period the loans were outstanding exceeded the interest, then it's a net loss to us. But even if that occurred that loss needs to be compared to the loss that would have occurred if world banking collapsed. Additional unemployment benefits, welfare, loss of tax revenues, loss of economic income, etc.
• It was a risk with our money, that appears to have worked. Of course we don't know for certain what would have happened if the FED had done nothing, but I believe it would have been very very bad.
• Would more/earlier disclosure been better or caused panic among customers of the firms receiving aid. Probably would have caused panic.
• Would more controls over the money and more discussion of the fact that controls existed and who all is watching, without disclosing the recipients helped public confidence? Absolutely.

[FromLori]

Oh the banker apologist arrives did you forget to ping your buddy he hasn’t shown up yet on the thread?

Did you also read how they offloaded (sold)Billions on to us the taxpayers this way? Or did you conveniently ignore that?

You know what I’m not the foreign banks keeper I could care less if they fail they made stupid loans just like our banks did they developed those liars loans, etc. out of greed and should have been allowed to fail. What’s that about the government picking winners and losers I always hear about, how about all the smaller US Banks that failed and are still failing.

“The measure, initiated in Jan. 2009 to stimulate the flow of credit and keep household borrowing costs low, led the nation’s central bank to purchase more than $1.1 trillion in mortgages packaged into the form of securities. The mortgage bonds are backed by Fannie Mae and Freddie Mac, the twin mortgage giants now owned by taxpayers.

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers’ desire for full disclosure throughout the financial reform debate.”

[TruthConquers]

http://treo.typepad.com/.a/6a0120a6002285970c013489af55b3970c-popup

That is all that I need to know!

Who gives a **** when the US dollar is going down to worthless!!!

From this site: http://www.gotgoldreport.com/