7+ trillion from the Fed (loan, money, banks, employment)

[LeavingMA]

If you didn't think we should audit or get rid of the Fed, how do you defend this? Not to mention all the made-up-money which we have no clue where its going...overseas banks, etc., probably.

Bottom Line - Fed lent banks nearly $8 trillion during crisis, report shows (http://bottomline.msnbc.msn.com/_news/2011/11/28/9067808-fed-lent-banks-nearly-8-trillion-during-crisis-report-shows - broken link)

[slackjaw]

I'm pretty sure loaning money to banks who's failure could destabilize the economy is one of their roles.

[Boompa]

The result of deregulation. Everyone engaged in this conduct should be facing jail time because it should be illegal. These parasites believe that the country exists to serve them, time they found the error of their way

[gwynedd1]

Originally Posted by slackjaw

I'm pretty sure loaning money to banks who's failure could destabilize the economy is one of their roles.

No lie has made more profit than this one.

[Currency Pair Crocodile]

Champs, that is one of the Fed's primary jobs

That's what they are supposed to do.

You're hearing about this becoz anything is being spun negatively by the media we have at the moment and that will be the norm going forward.

[Cletus Awreetus-Awrightus]

Originally Posted by Antlered Chamataka

Champs, that is one of the Fed's primary jobs

That's what they are supposed to do.

Well, their mandate is full employment and price stability.

How does this sort of lending lead to price stability?

[CaptainNJ]

but they arent a government entity, they are private. they must have earned that $7 trillion that they loaned to the banks.

[modeerf]

Originally Posted by CaptainNJ

but they arent a government entity, they are private. they must have earned that $7 trillion that they loaned to the banks.

Good one! LMAO... They earned it....

It's good to own the press and the presses.