Posted on 04/01/2011 6:25:39 AM PDT by maggief
One of the biggest secrets of the financial crisis was disclosed Thursday when the Federal Reserve released thousands of pages of data showing heavy discount-window borrowing by foreign banks, regional U.S. banks and institutions fighting for survival.
It was the first time the Fed has given details about banks that borrowed from the central bank's oldest emergency-lending facility. Thursday's move was forced by lawsuits filed by Bloomberg LP's Bloomberg News and News Corp.'s Fox Business Network, and last year's Dodd-Frank law requires the Fed to disclose future borrowings after a two-year lag. Details of other rescue programs by the Fed were made public in December.
(Excerpt) Read more at online.wsj.com ...
I know.
Secondly, I'm not the one taking the Fed's word for anything.
What word would you take for anything?
Interesting article. And that two year reporting lag is just borrowing more trouble.
Maybe this whole war on Libya is to keep daffy from telling all.
Somebody please ban this troll already.
Hows about in a court of law, under oath and penalty of perjury? No guarantee, I know. But that’s what I want :)
No public money was lost in the Fed’s emergency lending programs, Chairman Ben S. Bernanke testified to the Senate Banking Committee in July, 2010. The loans didn’t represent permanent cash given to the dealers and had to be repaid the next day.
Do you recall if Bernanke testified under oath? Was he sworn it? Just curious :)
Sworn in...
I don't know.
The Treasurer of the United States
Since a Fed employee doesn't work for the Treasury, I'm not sure why you think the Treasurer would sign. Are other government checks signed by the Treasurer?
BTW the old joke about the Federal Reserve is that they were not listed in the (blue) government pages of the phone book.
And yet they have a .gov URL and the President appoints their chairman.
Any other "private" corporations get their chairman appointed by the President and approved by the Senate?
Libyan opposition says it has oil deal with Qatar
EXCERPT
Ali Tarhouni, who handles finances for the opposition’s National Transitional Council, said that Qatar has agreed to market oil currently in storage in parts of southeastern Libya. He said one sticking point is how to truck the oil out of the country.
Tarhouni said money from oil sales will be put into an escrow account the opposition will use to pay for weapons, food, medicine, fuel and other needs.
http://seattletimes.nwsource.com/html/localnews/2014592498_tarhouni25m.html
http://ntclibya.org/english/council-members/
The Libyan Interim National Council
Council members
The Council is composed of thirty one (31) members representing the various regions and cities of Libya. A number of these members have been named while the names of those representing Ajdabiya, Al Kufrah, Ghat, Nalut, Misratah, Az Zintan and Az Zawiya will not be declared for safety reasons. ...
As far as I know, when you testify it’s under oath....
Like we needed one more reason to hit the Constitutional RESET switch.
What happened to the junk bonds?
Is it, noob?
Provide a link, as well.
You can appear before Congress without being placed under oath. Was Bernanke sworn in?
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