Your money
Thread Starter
|
Cargo Master
Joined: Jan 2005
Posts: 2,902
Likes: 2
From: Pasadena, Maryland
Your money
I am going to make try and make this a informative/educational post. Lets not induce policies or politics into this please. 
Many people I talk to have no idea(or dont care) about money and the Federal Reserve. I'd like some time to change that. I've posted this before and I think now is a good time to post it again.
I'll start here:
Bloomberg.com: Exclusive
Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.
The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.
Now, I know you are going to say......
How can it be two trillion when the bailout was only 700 billion +/-?
Isn't the federal Reserve part of the government?
Watch this...
YouTube - Fractional Banking and the Federal Reserve System Explained!
Tell me what you think.
Many people I talk to have no idea(or dont care) about money and the Federal Reserve. I'd like some time to change that. I've posted this before and I think now is a good time to post it again.
I'll start here:
Bloomberg.com: Exclusive
Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.
The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.
Now, I know you are going to say......
How can it be two trillion when the bailout was only 700 billion +/-?
Isn't the federal Reserve part of the government?
Watch this...
YouTube - Fractional Banking and the Federal Reserve System Explained!
Tell me what you think.
Thread
Thread Starter
Forum
Replies
Last Post
