US Fed lent $3.3tn to multinationals, billionaires and foreign banks

[mexika]

Congressman Paul discusses the Fed and bailouts with Pimm Fox
http://www.youtube.com/watch?v=rTPa1hGtpJs

US central bank releases details of thousands of secret loans to global firms as well as foreign banks and American billionaires
The Federal Reserve has revealed details of thousands of secret loans the US central bank made during the credit crunch. Above, chairman Ben Bernanke. Photograph: Susan Walsh/AP
The global credit crunch of 2008 ran deeper and wider than previously disclosed, forcing the US government to fund firms including General Electric and Toyota, along with banks and billionaire investors, according to documents released by the Federal Reserve.
Under pressure from politicians, the US central bank has released details of 21,000 transactions it made as the global economy faced meltdown.
As well as its well-publicised support of the banking system, the Fed's aid reached far beyond Wall Street, offering finance to the motorbike manufacturer Harley-Davidson, the industrial equipment maker Caterpillar, the telecoms company Verizon and even the computer billionaire Michael Dell as it struggled to keep the economy going. The lending reached $3.3tn (£2.1tn) at its peak.
The disclosures show that UK banks were major beneficiaries of the Fed's extensive support for foreign banks. Barclays was the biggest borrower under one scheme, the term auction facility, taking loans totalling $232bn, which it has since repaid. Royal Bank of Scotland, Bank of Scotland (now part of Lloyds), Abbey National and HSBC also received billions in loans.
The release, strongly opposed by the Fed, was driven by the Vermont senator Bernie Sanders, the Senate's only self-described socialist. Sanders insisted that the Dodd-Frank Wall Street Reform Act signed this July included a provision that the Fed disclose how it allocated capital during the credit crisis.
In a statement, Sanders described the revelations as "jaw-dropping", adding that "based on a four-hour examination" of the transactions, "we have learned that the $700bn Wall Street bailout signed into law under George W Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country."
The documents detail short-term loans to Goldman Sachs of nearly $600bn; nearly $2tn to Morgan Stanley; $1.8tn to Citigroup; nearly $1tn to Bear Stearns; and some $1.5tn to Merrill Lynch.
Sanders said he found it "most surprising" that huge sums were used to bail out foreign banks and corporations. "Has the Federal Reserve of the United States become the central bank of the world?" he said.
"I intend to investigate whether these secret Fed loans, in some cases turned out to be direct corporate welfare to big banks that used these loans not to reinvest in the economy but rather to lend back to the federal government at a higher rate of interest by purchasing treasury securities," he said.
In a statement accompanying the disclosure, the Fed said it had fully protected taxpayers. "The Federal Reserve followed sound risk-management practices in administering all of these programmes, incurred no credit losses on programmes that have been wound down, and expects to incur no credit losses on the few remaining programmes," it said.
http://www.guardian.co.uk/business/2010/...inationals

[Scorpio]

too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

[mexika]

(12-04-2010 07:00 AM)Scorpio Wrote:  too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

YEA that be very kool. You have issues with that??

[Scorpio]

(12-05-2010 06:55 AM)mexika Wrote:  

(12-04-2010 07:00 AM)Scorpio Wrote:  too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

YEA that be very kool. You have issues with that??

Oh, of course not. I think we should open up the border and let every single drug cartel member, criminal and illegal alien come on up, give them welfare and/or a job as well as a college education (paid for by US taxpayers, of course). It's only fair, after all. Then, we'd have a better country and a better world.

[mexika]

(12-05-2010 08:14 PM)Scorpio Wrote:  

(12-05-2010 06:55 AM)mexika Wrote:  

(12-04-2010 07:00 AM)Scorpio Wrote:  too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

YEA that be very kool. You have issues with that??

Oh, of course not. I think we should open up the border and let every single drug cartel member, criminal and illegal alien come on up, give them welfare and/or a job as well as a college education (paid for by US taxpayers, of course). It's only fair, after all. Then, we'd have a better country and a better world.

thats what I thought. better country and a better world? give me a break... that rock is sure heavy....

[Scorpio]

(12-06-2010 09:17 AM)mexika Wrote:  

(12-05-2010 08:14 PM)Scorpio Wrote:  

(12-05-2010 06:55 AM)mexika Wrote:  

(12-04-2010 07:00 AM)Scorpio Wrote:  too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

YEA that be very kool. You have issues with that??

Oh, of course not. I think we should open up the border and let every single drug cartel member, criminal and illegal alien come on up, give them welfare and/or a job as well as a college education (paid for by US taxpayers, of course). It's only fair, after all. Then, we'd have a better country and a better world.

thats what I thought. better country and a better world? give me a break... that rock is sure heavy....

You want open borders, right??

[mexika]

(12-06-2010 07:16 PM)Scorpio Wrote:  

(12-06-2010 09:17 AM)mexika Wrote:  

(12-05-2010 08:14 PM)Scorpio Wrote:  

(12-05-2010 06:55 AM)mexika Wrote:  

(12-04-2010 07:00 AM)Scorpio Wrote:  too bad they didn't give some of that dinero to Mexico.
They could have helped sponsor more illegal aliens to come up here, and pay for their college as well. (think The Dream Act).

That'd be cool, eh?

YEA that be very kool. You have issues with that??

Oh, of course not. I think we should open up the border and let every single drug cartel member, criminal and illegal alien come on up, give them welfare and/or a job as well as a college education (paid for by US taxpayers, of course). It's only fair, after all. Then, we'd have a better country and a better world.

thats what I thought. better country and a better world? give me a break... that rock is sure heavy....

You want open borders, right??

My guess you live in the United Snakes, right? And you feel its yours, right? are you not satisifed with what has been stolen? Or are you just an ungrateful Son who is not satisfied with the theft of the U.S from the Mexicans, Native people before your line of thieves? There were no borders before europeans, borders were created for control and colonizations. Sorry if you feel invaded. Wonder how native people feel.... If you feel you need to steal more land or protect that which has been outright stolen, why dont you just pick up your bags and catch the next scanning jet to happy-vatican-witch hunting regions, truly yours! And yes, to answer you question, five states of the south west of the so called Unite States of America are stolen lands, get the fuk off them, parasite!

[Scorpio]

(12-16-2010 05:25 AM)mexika Wrote:  My guess you live in the United Snakes, right? And you feel its yours, right? are you not satisifed with what has been stolen? Or are you just an ungrateful Son who is not satisfied with the theft of the U.S from the Mexicans, Native people before your line of thieves? There were no borders before europeans, borders were created for control and colonizations. Sorry if you feel invaded. Wonder how native people feel.... If you feel you need to steal more land or protect that which has been outright stolen, why dont you just pick up your bags and catch the next scanning jet to happy-vatican-witch hunting regions, truly yours! And yes, to answer you question, five states of the south west of the so called Unite States of America are stolen lands, get the fuk off them, parasite!

I agree with you. Let's let every criminal, drug cartel member and gang banger come here. That way, we can have people's heads on sticks displayed in the town square, like in Mexico. Open the borders wide up between all nations. That way, the Africans can come flooding into central and south america. You guys stole the land from them.

[mexika]

(12-16-2010 05:43 PM)Scorpio Wrote:  

(12-16-2010 05:25 AM)mexika Wrote:  My guess you live in the United Snakes, right? And you feel its yours, right? are you not satisifed with what has been stolen? Or are you just an ungrateful Son who is not satisfied with the theft of the U.S from the Mexicans, Native people before your line of thieves? There were no borders before europeans, borders were created for control and colonizations. Sorry if you feel invaded. Wonder how native people feel.... If you feel you need to steal more land or protect that which has been outright stolen, why dont you just pick up your bags and catch the next scanning jet to happy-vatican-witch hunting regions, truly yours! And yes, to answer you question, five states of the south west of the so called Unite States of America are stolen lands, get the fuk off them, parasite!

I agree with you. Let's let every criminal, drug cartel member and gang banger come here. That way, we can have people's heads on sticks displayed in the town square, like in Mexico. Open the borders wide up between all nations. That way, the Africans can come flooding into central and south america. You guys stole the land from them.

heads on stick? You mean like the European Puritans did to the native people on Thanksgiving?

[Scorpio]

(12-17-2010 03:54 AM)mexika Wrote:  

(12-16-2010 05:43 PM)Scorpio Wrote:  

(12-16-2010 05:25 AM)mexika Wrote:  My guess you live in the United Snakes, right? And you feel its yours, right? are you not satisifed with what has been stolen? Or are you just an ungrateful Son who is not satisfied with the theft of the U.S from the Mexicans, Native people before your line of thieves? There were no borders before europeans, borders were created for control and colonizations. Sorry if you feel invaded. Wonder how native people feel.... If you feel you need to steal more land or protect that which has been outright stolen, why dont you just pick up your bags and catch the next scanning jet to happy-vatican-witch hunting regions, truly yours! And yes, to answer you question, five states of the south west of the so called Unite States of America are stolen lands, get the fuk off them, parasite!

I agree with you. Let's let every criminal, drug cartel member and gang banger come here. That way, we can have people's heads on sticks displayed in the town square, like in Mexico. Open the borders wide up between all nations. That way, the Africans can come flooding into central and south america. You guys stole the land from them.

heads on stick? You mean like the European Puritans did to the native people on Thanksgiving?

LOL!!!
You are reaching pretty far back in history to make your point.
What I'm talking about his happening right now - and you know it, chica.

[mexika]

(12-17-2010 05:50 AM)Scorpio Wrote:  

(12-17-2010 03:54 AM)mexika Wrote:  

(12-16-2010 05:43 PM)Scorpio Wrote:  

(12-16-2010 05:25 AM)mexika Wrote:  My guess you live in the United Snakes, right? And you feel its yours, right? are you not satisifed with what has been stolen? Or are you just an ungrateful Son who is not satisfied with the theft of the U.S from the Mexicans, Native people before your line of thieves? There were no borders before europeans, borders were created for control and colonizations. Sorry if you feel invaded. Wonder how native people feel.... If you feel you need to steal more land or protect that which has been outright stolen, why dont you just pick up your bags and catch the next scanning jet to happy-vatican-witch hunting regions, truly yours! And yes, to answer you question, five states of the south west of the so called Unite States of America are stolen lands, get the fuk off them, parasite!

I agree with you. Let's let every criminal, drug cartel member and gang banger come here. That way, we can have people's heads on sticks displayed in the town square, like in Mexico. Open the borders wide up between all nations. That way, the Africans can come flooding into central and south america. You guys stole the land from them.

heads on stick? You mean like the European Puritans did to the native people on Thanksgiving?

LOL!!!
You are reaching pretty far back in history to make your point.
What I'm talking about his happening right now - and you know it, chica.

what is happening right now is because of the past. Un Perro en el pasado, sera perro para siempre!!

[psilocybin]

you both are a bunch of tools...

nobody owns anything... first here first shmear whatever.
This a fucking rock sticking out of the ocean, and long before the first human stepped foot here, there was something else occupying it. Everything has been stolen... perpetually up the food chain.

Mexika I press you... should we not give our whole country back to it's original inhabitants? Yes!!!

Give it back to the single celled bacteria that were the first here, not mexicans, not whites... amoeba.

Scorpio, your closed bigoted view of this country sickens me. Trust me, the people really trying to get across and stay aren't drug cartels, they want to go between both, so they can move their shit. The people that want to come here and stay are PEOPLE regular fucking PEOPLE that just want to be able to earn a decent living, so leagal or not, they deserve some respect, since what they're after (life, liberty and the pursuit of happiness) is written into the foundation of this country.

[mexika]

(12-21-2010 10:12 AM)psilocybin Wrote:  you both are a bunch of tools...

nobody owns anything... first here first shmear whatever.
This a fucking rock sticking out of the ocean, and long before the first human stepped foot here, there was something else occupying it. Everything has been stolen... perpetually up the food chain.

Mexika I press you... should we not give our whole country back to it's original inhabitants? Yes!!!

Give it back to the single celled bacteria that were the first here, not mexicans, not whites... amoeba.

Scorpio, your closed bigoted view of this country sickens me. Trust me, the people really trying to get across and stay aren't drug cartels, they want to go between both, so they can move their shit. The people that want to come here and stay are PEOPLE regular fucking PEOPLE that just want to be able to earn a decent living, so leagal or not, they deserve some respect, since what they're after (life, liberty and the pursuit of happiness) is written into the foundation of this country.

Nonetheless, it does not negate the fact the Mexicans as Native People and other native people are under a constant attack for extermination by some type of bacteria. That is a fact. Every people have a continent to call home or a place to call home, land or place to take care of, watch over and be at peace. Where do the bigots fit in? The Europeans have their place, the africans have their place, the asians have their place, where do Native people go when their native lands are not theirs anymore and instead are put or held in concentration camps to die off in the long run? Where do they go? Concentration camps, a prison for them and if there were not mexicans or those of the south, than there are black to be the targets and after they have been held psychologically stupid and afforded some scraps, the war will turn to native people aka Native Americans. Everybody has a continent to which its called home and held in respect, where do some racist europeans fit in as some see the earth as a whore to benefit their thirst of undeserving fruits.

Surely, I can not go to europe or spain or the middle east and ask them to move as in palestine because I want their lands, future, brain, and labor.. I can not go there and ask them that their lands are now my lands and if they do not like it, so be it. That would not be the right thing to do, unless there is no consciousness towards the people and their lands. And if there is no consciousness, then we can deduce that these people are nothing but beasts, monsters, aliens, and marauders, pirates, distorters of truth, His-Story, and sick bacteria that infect and destroy anything they touch. A testament to the so called United States and Freedom is Palestine. The white bigots in Amerikkka have nothing to be feel good about themselves because what has been pirated is not theirs, truthfully, even the so called constitution pirated, leaving the soul of the earth and people out of the constitution. The Constitution for the earth was left out, maybe when people wake up, they will embrace it, for now, the bigots and aliens are having too much fun in the candy stolen store.

The American system is a psychopath system, one way road to death and the bigots like it and smile with their displayed cross bone flag. What do we call these people in the white house, in the pentagon, in congress, in the senate, the greatest people on the planet? come on, its crazy.... just a bunch of psychopaths and sociopaths who care about nothing, stand for nothing, or take care of nothing. The only term you can find is Insanity!!!