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Old 09-28-2011, 06:49 PM
 
Location: High Cotton
6,125 posts, read 7,471,004 times
Reputation: 3657

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The Secret Gov't Bank That's Financing More #*&%@!

Unbelievable!
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Old 09-28-2011, 07:37 PM
 
3,064 posts, read 2,637,787 times
Reputation: 968
Quote:
Originally Posted by highcotton View Post
WOW!

"This little-known government bank, the Federal Financing Bank [FFB], had a zero balance in 2008 for green energy projects, but now, with little Congressional oversight, it is giving out billions of dollars in loans to White House pet projects often at dirt-cheap interest rates below 1%."


"In July alone, the government bank, which had $61 billion in assets, lent nearly three quarters of a billion dollars in taxpayer funds with no Congressional checks and balances."


Read more: The Secret Gov't Bank That's Financing More Solyndras | Fox Business

And which of the GOP candidates currently in the race, could we count on to put an end to this underhanded, wasteful thievery? Ron Paul is the only one, I think I could trust.
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Old 09-28-2011, 07:47 PM
 
13,186 posts, read 14,973,712 times
Reputation: 4555
Gosh!

The "secret" banks that has it's own "secret" website has lent $750 million!

http://www.treasury.gov/ffb/

and "secret" wiki page http://en.wikipedia.org/wiki/Federal_Financing_Bank

That's one day of running the US wars in Afghanistan and Iraq.


Wow!.....You right wingers really have your priorities in order.
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Old 09-28-2011, 07:53 PM
 
45,202 posts, read 26,417,923 times
Reputation: 24964
Quote:
Originally Posted by padcrasher View Post
Gosh!

The "secret" bank that has it's own "secret" website has lent $750 million!

Federal Financing Bank

That's one day of running the US wars in Afghanistan and Iraq.


Wow!.....You right wingers really have your priorities in order.
Good excuse, right up there with "I only killed him a little"
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Old 09-28-2011, 08:00 PM
 
13,186 posts, read 14,973,712 times
Reputation: 4555
They "lent" what the US "spends" (squanders) in wars in one day.

The wars that right wingers gleefully supported and championed.

Then they have the nerve to start threads about lending to solar projects ( liberals love those) as if they're so wise about not burning money.....LOL
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Old 09-29-2011, 07:13 AM
 
3,457 posts, read 3,621,688 times
Reputation: 1544
it's not a secret, it's just really small.
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Old 09-29-2011, 07:18 AM
 
Location: Londonderry, NH
41,479 posts, read 59,761,940 times
Reputation: 24863
Where is this bank? I have a couple of "green" projects that desperately need funding.
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Old 09-29-2011, 07:36 AM
 
8,263 posts, read 12,193,585 times
Reputation: 4801
Secret government bank? You mean the secret one with:

Its own .gov web page, complete with financials

Wikidepdia page

Formally defined in US Code


Some secret! I applaud this reporter for taking the time to dig deep and discover the existence of this secret hidden bank... I smell Pulitzer.
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