fed raping your money again

[jverne]

Apparently Bernanke, that wonderful bipartisan soul who is so competent and wonderful that everyone in the village thinks Obama should leave him in charge is refusing to identify who got almost 2 trillion dollars of Fed cash. Bloomberg News is suing to find out. Personally I really, really, really want to know. What exactly is Bernanke hiding? Who got the money he doesn't want us to know got the money?

http://firedoglake.com/2008/11/10/t...ents-of-almost-2-trillion-of-emergency-loans/

what's the direct counterpart of the word conspiracy? ...believing the gov will make good use of the taxpayers money is delusional.



on a side note....i've always wondered why there are never referendums when big sums of cash are involved or other important decisions. referendums as we witness today are a joke.

 

[Raziaar]

He gave it to me... I invested it in our ban... oh crap.

 

[Eejit]

Why link to blogs instead of a proper source?

 

[jverne]

Why link to blogs instead of a proper source?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

suing someone (who doesn't want to disclose something) is only possible if that someone doesn't disclose that something. it would be kinda silly doing that if the information is actually available, don't you think?

anyway

http://portland.indymedia.org/en/2008/11/382232.shtml

 

[Eejit]

Wait, so the conspiracy is that they won't reveal exact details on how much trouble the banks etc. are in, how much they've been bailed out by, in order to avoid runs?
Oh noes, conspirashies.

 

[jverne]

Wait, so the conspiracy is that they won't reveal exact details on how much trouble the banks etc. are in, how much they've been bailed out by, in order to avoid runs?
Oh noes, conspirashies.

what conspiracy, where did you pull that out...do i need to guess?

it's plain and simple...taxpayers money should be transparent especially when it comes to welfare for the rich.

 

[AJ Rimmer]

I swear I thought this thread said "Fed raping your mom again".

 

[Eejit]

what conspiracy, where did you pull that out...do i need to guess?

"What exactly is Bernanke hiding? Who got the money he doesn't want us to know got the money?"

 

[jverne]

"What exactly is Bernanke hiding? Who got the money he doesn't want us to know got the money?"

sure...you're free to think that way, it doesn't really matter what you think.
what's so wrong with knowing where the money went?

considering that some bank used it to give as bonuses to high ranking employees. this was news on digg about this.

 

[Eejit]

what's so wrong with knowing where the money went?

If it'll cause customers to lose confidence to the extent that there are runs on the bank then it's better for the info to remain confidential for now.

 

[jverne]

If it'll cause customers to lose confidence to the extent that there are runs on the bank then it's better for the info to remain confidential for now.

lol...so you're saying it's better to be ignorant about the whole situation?

 

[Eejit]

If that's how you want to interpret what I was saying
/shrug

 

[jverne]

If that's how you want to interpret what I was saying
/shrug

i bet you'd do very well as an employ in one of those banks.

 

[Glirk Dient]

It depends, if people get scared into thinking the economy is collapsing when it can still recover it could cause it to collapse without chance to recover it. On the other side it is the taxpayer money and people have a right to know their money is going to good use. I figure it's alright for them to keep it confidential for a limited time so we can have traceability later on for any misuse in an effort to keep them responsible.

 

[Pesmerga]

Glirk, the economy is in such a ****ed up state that it doesn't matter how much money is poured into the stock market. Debt is the most valuable currency, followed closely by oil.

The manufacturing market went BMPPHhhh while the financial sector (mortages, lending, et al) sky rocketed. The financial sector knows that they can practice unethical lending because they KNOW the Fed will bail them out. The Fed has no choice. It's either the Gov' pays for their shitty mistakes or the economy as we know it collapses under the weight of debt and hostile foreign takeover.

People think the US ought to withdraw out of Iraq when really, the world is going to withdraw from the States. OPEC nations and nearly all other nations not permanently bound to the Dollar (read: Russia, China, nearly every Middle East nation) are putting faith in the Euro and Yen. Saudi Arabia jacked the prices of their oil because of failed promises made by the US, and the current **** up in Iraq. Everyone knows they can charge the US whatever they want for oil because they know we only independently produce 35% of our consumption (which is steadily rising). There are dozens of analysts who predict the future is in Asia, not North America.

The States will eventually recover, of course, but not as the #1 world power, military nor economic.

 

[Mr Stabby]

Can there be a run on investment banks? They don't offer bank acounts do they?

The fed tryig to spend its way out of another problem is what caused this current problem.