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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: rabscuttle385

we are all pawns. the rich get bailed out, small guy doesn’t. for those of you who haven’t read The Creature from Jekyll Island, check it out!


61 posted on 11/10/2008 12:11:13 PM PST by WesA
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To: RckyRaCoCo
No problem, as a taxpayer I will end up MAKING money from this /s

It's gonna be tough counting all that money we make if they won't tell us who's got it.

62 posted on 11/10/2008 12:20:46 PM PST by 4woodenboats (Yup. we're screwed, but Thank You Sarah Palin for displaying with honor the best of who we are.)
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To: rabscuttle385

Is there a posting no no list somewhere?


63 posted on 11/10/2008 12:36:39 PM PST by 4woodenboats (Yup. we're screwed, but Thank You Sarah Palin for displaying with honor the best of who we are.)
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To: rabscuttle385

Wasn’t me, but I haven’t checked the afternoon mail yet. Fingers crossed.


64 posted on 11/10/2008 12:40:11 PM PST by BlueStateBlues (Blue State for business, Red State at heart..)
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To: rwfromkansas

The Fed is private, it’s not subject to govt rules.


65 posted on 11/10/2008 12:43:37 PM PST by Free Vulcan (No prisoners. No mercy. 2010 awaits.....)
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To: 4woodenboats
Is there a posting no no list somewhere?

Yes.

Right here:
Updated FR Excerpt and Link Only or Deny Posting List due to Copyright Complaints

66 posted on 11/10/2008 12:44:32 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: Free Vulcan

fed = private profits, socialized risk. how did they pull this one through congress?? (must read The Creature from Jekyll Island! http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986395/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1226349805&sr=8-1)


67 posted on 11/10/2008 12:44:59 PM PST by WesA
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To: rabscuttle385

Ironic or coincidental, or something much more sinister:

Isn’t is odd that the income tax law (later the 16th Amendment) AND the Federal Reserve Act were both passed in 1913?

We’ve been suckered for nearly 100 years, Folks. The $hit is getting ready to hit the fan and the first depression is gonna seem like a tea party compared to what awaits us now.


68 posted on 11/10/2008 12:54:53 PM PST by nesnah (Expression with an attitude - http://www.polistic.com)
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To: Ghost of Philip Marlowe

D’s may get the blame for getting us into it, but Bush is still the head of the federal government. He could order the records to be opened up if he so desired. Keeping it secret just lowers my already low impression of him.


69 posted on 11/10/2008 1:09:16 PM PST by af_vet_rr
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To: illiac
What an epic and dangerous mess!

No wonder McCain didn't try too hard to win.

Leni

70 posted on 11/10/2008 1:10:30 PM PST by MinuteGal (Take Back the Republic if You Dare!)
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To: rabscuttle385

That would be transparency in government, which would reduce corruption.


71 posted on 11/10/2008 1:11:25 PM PST by RightWhale (Exxon Suxx)
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To: rabscuttle385

Thanks, just what I was looking for.


72 posted on 11/10/2008 1:19:54 PM PST by 4woodenboats (Yup. we're screwed,)
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To: Uncle Ike

How about a budding entrepreneur like me ?

Oh, wait... I’m too responsible to be trusted with loan/investment. Dang. I guess I’ll have to do this the old fashioned way.


73 posted on 11/10/2008 1:20:38 PM PST by farlander (Try not to wear milk bone underwear - it's a dog eat dog financial world)
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To: rabscuttle385

Fed refuses to identify recipients of $2 Trillion
______________________________________________

Y’OK...

process of elimination..

I didn’t get one red cent...

Anyone else ????


74 posted on 11/10/2008 1:24:04 PM PST by Tennessee Nana
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To: rabscuttle385
.....anyone wanna back my business venture? I predict a massive march on Washington DC. So I intend to produce pitch folks and torches, a matching set. For a few dollars more (hey that sounds like a movie title) I'll throw in a rope. Any order over 200 sets automatically includes a new improved traveling gallows
75 posted on 11/10/2008 1:24:38 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: nesnah

Exactly!
That’s what I was thinking when Nancy said,”The Party’s over!”


76 posted on 11/10/2008 1:32:13 PM PST by griswold3
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To: rabscuttle385; TigerLikesRooster; BurbankKarl; All
fyi

The Fed's collateral "absolutely should be made public," said Mark Cuban, an activist investor, the owner of the Dallas Mavericks professional basketball team and the creator of the Web site BailoutSleuth.com, which focuses on the secrecy shrouding the Fed's moves.

77 posted on 11/10/2008 1:34:01 PM PST by lainie (The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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To: Harrius Magnus
Here's what I think is happening.

The big-wigs at GS, etc. realized that US was going to elect Obama and head into full-bore socialism, if not outright communism. They are simply looting the treasury before that happens.
78 posted on 11/10/2008 1:50:14 PM PST by atomicweeder
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To: rabscuttle385
In an interview Nov. 6, House Financial Services Committee Chairman Barney Frank said the Fed's disclosure is sufficient and that the risk the central bank is taking on is appropriate in the current economic climate. Frank said he has discussed the program with Timothy F. Geithner, president and chief executive officer of the Federal Reserve Bank of New York and a possible candidate to succeed Paulson as Treasury secretary. ``I talk to Geithner and he was pretty sure that they're OK,'' said Frank, a Massachusetts Democrat. ``If the risk is that the Fed takes a little bit of a haircut, well that's regrettable.'' Such losses would be acceptable, he said, if the program helps revive the economy. Frank said the Fed shouldn't reveal the assets it holds or how it values them because of ``delicacy with respect to pricing.'' He said such disclosure would ``give people clues to what your pricing is and what they might be able to sell us and what your estimates are.'' He wouldn't say why he thought that information would be problematic.

This is what happens when a great nation allows a pervert to oversee its treasury.

79 posted on 11/10/2008 2:02:29 PM PST by XR7
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...
To summarize: Bloomberg (the news service) filed a FOIA request with the Fed and filed a lawsuit against the Fed on Nov. 7 seeking details of who is borrowing from the Fed and what securities are being used as collateral. So far, the Fed's lending to banks and other financial institutions has topped $2 Trillion, including the $700 Billion approved by Congress under the infamous bailout bill. The Fed refused to comply.

80 posted on 11/10/2008 2:10:23 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile finally updated Saturday, October 11, 2008 !!!)
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