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RegginOffline
StreetBeater
StreetBeater


Joined: Nov 07, 2008
Posts: 2236

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Post  Posted: Mar 06, 2009 - 05:12 PM  Reply with quote  Back to top
Post subject: Fed's Give $2 Trillion in Secret, Refuse to Release Details

Quote:
The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aG0_2ZIA96TI

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bus3
PopStar
PopStar


Joined: July 25, 2004
Posts: 1017
Location: Here and there
Post  Posted: Mar 06, 2009 - 06:56 PM  Reply with quote  Back to top

Yup, your are just supposed to trust them. After all they have done a great job up to now.
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BohicaOffline
Raver
Raver


Joined: July 25, 2008
Posts: 466

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Post  Posted: Mar 06, 2009 - 08:27 PM  Reply with quote  Back to top

America has become a banana republic.
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tihZ_hO
Shanghai Royalty
Shanghai Royalty


Joined: Feb 17, 2004
Posts: 8871
Location: Jakarta - I got Paroled from Shanghai
Post  Posted: Mar 06, 2009 - 09:32 PM  Reply with quote  Back to top

Bohica wrote:
America has become a banana republic.


Nope, that's Australia according to Paul Keating

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