Secret Fed Program Gave Billions to Banks Unknown to Congress
May 26 (Bloomberg) — www.bloomberg.com Credit Suisse Group AG, Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public. The $80 billion initiative, called single-tranche open-market operations, or ST OMO, made 28-day loans from March through December 2008. Banks paid interest rates as low as 0.01 percent that December, when the Fed’s main lending facility charged 0.5 percent. Bloomberg’s Bob Ivry discusses the loan program with Deirdre Bolton onBloomberg Television’s “InsideTrack.” Copyright Bloomberg 2011 § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to …
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who is luke randell can anyone find anything on this guy because I cant . I would love to read more on his work on the federal reserve. some one pls post a link.
@nhfoos eek
This guy is going to have a sudden health condition….
@bertly71 -they all knew about this just like they know about the “other” Patriot Act.” Our politicians oversee it when the lobbyists hand them the legislation – they oversee it to make sure they serve their real masters…and it ain’t us.
New World Order, One world bank, One World Military,One world Religion, soon the UN troops will take over, it’s all set up for the AntiChrist.
How is it that we bail out banks, car companies, insurance companies and we still owe them?
How is it that we all don’t get a car or truck with insurance…paid for?
How are peoples Mortgages not paid for? We’re paying for it right now.
How is it their are 2 sets of books?
That’s exactly what the Government calls Fraud.
@bnfox Yet more incest between our government and Wall Street. If these politicians did not know about this, they were not doing their oversight duty they are paid handsomely for.
Just imagine what they get away with that we never hear of.
@MusicIsMySustenance Agreed. ht tp://mbf.blogs.com/.a/6a00d83451ba1e69e20115721c95c9970b-800wi
/watch?v=3ATrhuqd5sM
the head of the snake is the monetary system, dont think ron paul will be the solution
@ytgv3fc7 You make a brilliant point. The main reasoning behind my comment was due to the fact the company takes the blame. It always seems to be “a company” But no-one takes responsibility, and if they do, it’s someone high up the food chain that is expendable. Once that happens, the anger is gone, and people let them get back upto the same tricks. I say fuck that. Find the men, pin them and destroy them.
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
This is why no one will care: /watch?v=YvxNgdFeWqM
@theslimeylimey This isn’t old news. It’s an old conspiracy theory that is now confirmed fact.
@BabyIYours “How much of this money was put into the market? ”
ALL of it.
The profit was the bonuses paid out.
The American people get negative profit automatically by having ‘dollars’ as money (not gold) and are worse hit by this fraud. If you have no gold/silver you’re already broke
@MusicIsMySustenance You need to nail the companies not just the people. The companies are money-funnels. Each one has a culture & preference, then each role is paid, not just the person but the job-title. That’s how it works. It’s all a ponzi scheme. You can’t nail a person & ignore the company or you’re letting the next thief up to bat. You need to decimate the person AND the job-title AND the company OR YOU LOSE.
Now just imagine all the warrantless roving wiretapping and illegal no-warrant entries and such, focused PURELY on the Federal Reserve instead of the voting, tax-paying, sheeple public. JUST IMAGINE.
That ThinThread thing is being used to find out who in the crowd is not really a Sheeple and kill them
“there hasn’t been a run on the banks”
actually a lot of people are screaming they should default on everything from mortgage to credit cards, that’s a run on the loan/asset side of the banks. And of course everyone dumping their accounts for gold & silver like I have (I have NO credit/debt) have de-facto done a run on the bank. I have operational paper for bills & paper investing. MOST of my money is gold. Fuck ‘em
@fal2grace This is the VERY thing they’ve said they NEVER do and “anti-conspiracy theorist aka tin-foil-hat-callers” have said this is all nonsense all along but here’s the LEGAL DOCUMENTS proving it’s so and the media disclosure WON BY LAWSUIT. It IS so.
Markets are DIRECTLY propped up by the Fed. FORGET printing money to prop up housing: this will be used to prop up EVERYTHING. QE TO INFINITY. They don’t even CALL this QE but IT IS.
this video is headlined ¸¸„ø¤º „¸¨° f☼r life!
at davidicke . com/headlines/49095
-secret-fed-program-gave-billions-to-banks-unknown-to-congress
@MMIIXX
and would a little lubricant have been too much to ask for? x-{}
Damn… the fed is just great at spending YOUR money (and your children’s money).
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Debt Slavery, the new America.
Ron Paul 2012! He’d stop the games at least the biggest ones B.S. Banks and the military B.S.
Ron Paul 2012
AUDIT THE FED and then END THE FED
This is what happens when we are at the mercy of a rogue, privately controlled central bank that has no accountability or oversight by anyone.
End The Fed Now!!!
Ron Paul 2012!!!