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News Link • Federal Reserve

Fed data reveal wide scope of loan action during financial crisis

• Washington Post
The Federal Reserve pumped trillions of dollars into all manner of banks, investment firms and major companies during the financial crisis, according to documents released Wednesday that reveal for the first time the full scope of the Fed's emergency lending. 

5 Comments in Response to

Comment by Olde Reb
Entered on:

 The relief figures indicate an order of $8 to $12 trillion was used by the NY Fed in the rescue plans.  The entire 12 Federal Reserve banks listed assets of less than $900 billion in 2006.

The Fed cannot print money nor create it out of thin air.

Where did the purchasing power come from ??

Does the Fed have two sets of accounting books ?

Comment by Powell Gammill
Entered on:

http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions

Comment by Lola Flores
Entered on:

This is what many of us having been screaming about all this time.  The 700 bil was a bait to appease the proles.  What was going - and continues to go on - behind the scenes is for them to know and for us never to find out.  We are in worse trouble than anybody can ever imagine.  These bastards have dismantled the entire world and heavens help us when it all comes crashing down - which should be any day now.  It won't be pretty, that's for sure.

Comment by Powell Gammill
Entered on:

Pay no mind to that Wikileaks shit!  Wouldn't you rather discuss our heavily redacted accounting of to whom we handed your earnings over?

Comment by Powell Gammill
Entered on:

http://www.nytimes.com/2010/12/02/business/economy/02fed.html?hp


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