Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the ban More..king system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return. ``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. ``In a liquid market, this wouldn't matter, but we're not. The market is very nervous and very thin.'' ... http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide" target="_top">http://http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the ban More..king system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. ``In a liquid market, this wouldn't matter, but we're not. The market is very nervous and very thin.''
...
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide" target="_top">http://http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide
People will look at this story and still think that nothing is wrong with the Federal Reserve System.
Ignorance is bliss indeed.
Quote: from scalywag66 at 11:40 pm on Nov. 12, 2008 Quote: from Jadien at 8:32 pm on Nov. 12, 2008 I don't trust people that can't use their punctuation properly. Honestly ... BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda. Well, I can't do much for your problem of being that close minded over an honest mistake. Oh well, you'll grow up eventually. Yet you fixed the issue as soon as I opened your mind to the correct way of placing your commas. Odd how I need to grow up yet I just taught you something. Hm.
Quote: from Jadien at 8:32 pm on Nov. 12, 2008 I don't trust people that can't use their punctuation properly. Honestly ... BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda. Well, I can't do much for your problem of being that close minded over an honest mistake. Oh well, you'll grow up eventually.
I don't trust people that can't use their punctuation properly. Honestly ... BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda.
BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda.
Well, I can't do much for your problem of being that close minded over an honest mistake. Oh well, you'll grow up eventually.
Yet you fixed the issue as soon as I opened your mind to the correct way of placing your commas. Odd how I need to grow up yet I just taught you something.
Hm.
You didn't actually teach him anything, just complained about it, which isn't even mind opening.
Did you even read the article?
On topic: Uh. It would seem dumb to bail out a company publicly only to have it be a waste of money because investors run away risky business.
Why you ask?
Simple. If they published who they were buying these assets from, it would effectively paint a target over them for divestment. Publicly posting who is under severe financial distress is essentially like giving them a death sentence as investors would immediately get rid of their stocks, bonds and derivatives pushing those firms further into distress. The last thing we need is for more people to engage in mass sell offs.
Quote: from scalywag66 at 12:10 am on Nov. 13, 2008 Quote: from Jadien at 8:54 pm on Nov. 12, 2008 Quote: from scalywag66 at 11:40 pm on Nov. 12, 2008 Quote: from Jadien at 8:32 pm on Nov. 12, 2008 I don't trust people that can't use their punctuation properly. Honestly ... BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda. Well, I can't do much for your problem of being that close minded over an honest mistake. Oh well, you'll grow up eventually. Yet you fixed the issue as soon as I opened your mind to the correct way of placing your commas. Odd how I need to grow up yet I just taught you something. Hm. I didn't fix anything in my original post that wasn't a HUGE mistake. Especially such a minor one that would 'discredit' me. lol Again tho, your prob. I'm aware that you didn't change anything in your original post. You changed from doing this: I went to the mall and,while i was there,i saw a really cool jacket i loved. To doing this: I went to the mall and, while I was there, I saw a really cute jacket I loved. Hm hm hm...
Quote: from Jadien at 8:54 pm on Nov. 12, 2008 Quote: from scalywag66 at 11:40 pm on Nov. 12, 2008 Quote: from Jadien at 8:32 pm on Nov. 12, 2008 I don't trust people that can't use their punctuation properly. Honestly ... BTW, that article is pretty much bullshit. Been there done that, hear that read that, yadda yadda. Well, I can't do much for your problem of being that close minded over an honest mistake. Oh well, you'll grow up eventually. Yet you fixed the issue as soon as I opened your mind to the correct way of placing your commas. Odd how I need to grow up yet I just taught you something. Hm. I didn't fix anything in my original post that wasn't a HUGE mistake. Especially such a minor one that would 'discredit' me. lol Again tho, your prob.
I didn't fix anything in my original post that wasn't a HUGE mistake. Especially such a minor one that would 'discredit' me. lol Again tho, your prob.
I'm aware that you didn't change anything in your original post.
You changed from doing this: I went to the mall and,while i was there,i saw a really cool jacket i loved.
To doing this: I went to the mall and, while I was there, I saw a really cute jacket I loved.
Hm hm hm...
Actually,it still looks like this,in any event.... Are you going to add anything to the topic besides your trolling? I would like a sincere opinion from you if you have one.
Quote: from scalywag66 at 8:35 pm on Nov. 12, 2008 Quote: from Style Out at 8:31 pm on Nov. 12, 2008 Go do your homework, kid. lol Kid.... Son, I'm older than you no doubt and have more invested into this country than you to worry about this. You're obviously naive to the situation at hand in America. Yet all I see you doing is passing the same kind of information everyone's seen many times before. At this point, talk is cheap unless you are really going to go out there and make change.
Quote: from Style Out at 8:31 pm on Nov. 12, 2008 Go do your homework, kid. lol Kid.... Son, I'm older than you no doubt and have more invested into this country than you to worry about this. You're obviously naive to the situation at hand in America.
Go do your homework, kid.
lol Kid....
Son, I'm older than you no doubt and have more invested into this country than you to worry about this. You're obviously naive to the situation at hand in America.
Yet all I see you doing is passing the same kind of information everyone's seen many times before. At this point, talk is cheap unless you are really going to go out there and make change.
I've done my share and continue to give to the cause, but at this moment, it's 10 pm here in Chicago. All I can do is report the stuff. Of course I would like to change the way things are in our lives right now, but because I can't doesn't mean I'm going to stop talking about it just because to you it's useless to discuss the problem in America on a chat board full of naive teenagers and young adults.
The Federal Reserve is not part of the government
Precisely. The problem is not many know this truth and the deeper and darker side of it. They just swallow the worm and get hooked.
and clinton
FRS=Not the problem IRS= the problem go learn economics
IRS= the problem
go learn economics
The Federal Reserve is the problem as they continue to loan out money on our behalf, driving the dollar down with the more money they print causing prices to rises due to inflation. The Federal Reserve Bank of New York is the problem and reason why we're going bankrupt.
493 users online 
223155 members 817 active today Advertise Here
493 users online 223155 members 817 active today Advertise Here
You have 1 new message.
