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Old 11-29-2011, 06:11 PM
 
2,592 posts, read 4,874,415 times
Reputation: 1943

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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)
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Old 11-29-2011, 06:23 PM
 
8,265 posts, read 11,222,572 times
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I'm pretty sure loaning money to banks who's failure could destabilize the economy is one of their roles.
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Old 11-29-2011, 06:27 PM
 
Location: Sierra Vista, AZ
16,564 posts, read 22,038,949 times
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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
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Old 11-29-2011, 07:42 PM
 
19,346 posts, read 17,002,157 times
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Quote:
Originally Posted by slackjaw View Post
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.
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Old 11-30-2011, 12:06 AM
 
Location: Wherever women are
19,011 posts, read 26,980,432 times
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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.
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Old 11-30-2011, 02:10 PM
 
3,457 posts, read 3,297,677 times
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Quote:
Originally Posted by Antlered Chamataka View Post
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?
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Old 11-30-2011, 02:16 PM
 
Location: NJ
30,060 posts, read 34,320,097 times
Reputation: 22508
but they arent a government entity, they are private. they must have earned that $7 trillion that they loaned to the banks.
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Old 11-30-2011, 04:34 PM
 
3,335 posts, read 2,710,811 times
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Quote:
Originally Posted by CaptainNJ View Post
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.
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