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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on January 31, 2010, 09:18:33 PM

Title: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion.
Post by: Bindare_Dundat on January 31, 2010, 09:18:33 PM

(http://i43.photobucket.com/albums/e374/canadiansentinel/obama_ballin.gif)

Title: Re: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion.
Post by: Bindare_Dundat on January 31, 2010, 09:49:27 PM

Lynch to Geithner: It stinks to high heaven what happened here AIG Goldman TARP

Title: Re: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion.
Post by: GigantorX on February 01, 2010, 06:09:41 AM

Loans at the discount window at 0% interest. The banks then loan the money out to the very citizens they stole it from at interest. The names of the banks that took the money aren't revealed either. The banks also did a great job of tossing the cash into the stockmarket and gaming it up back above 10,000 on the Dow even though the fundamentals don't support the market being anywhere close to that.

I would imagine that was part of the plan.

In this new "Obama Reality" stock market means everything is on a rocket ship to heaven and the economy is "recovering" and "strengthening", Main Street can see the light! . 3-5 Years ago, the stockmarket skyrocketing meant nothing to "Main Street" and only benefited the rich!

Funny how things change but the bullshit stays the same.

Title: Re: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion.
Post by: Soul Crusher on February 01, 2010, 06:12:43 AM

Quote from: GigantorX on February 01, 2010, 06:09:41 AM

Loans at the discount window at 0% interest. The banks then loan the money out to the very citizens they stole it from at interest. The names of the banks that took the money aren't revealed either. The banks also did a great job of tossing the cash into the stockmarket and gaming it up back above 10,000 on the Dow even though the fundamentals don't support the market being anywhere close to that.

I would imagine that was part of the plan.

In this new "Obama Reality" stock market means everything is on a rocket ship to heaven and the economy is "recovering" and "strengthening", Main Street can see the light! . 3-5 Years ago, the stockmarket skyrocketing meant nothing to "Main Street" and only benefited the rich!

Funny how things change but the bullshit stays the same.

Most people dont realize that allowing GS to become a regular bank was a backdoor bailout since it too can avail itself of the Fed. Res. discount window and play this stupid game.