Fed makes billions on AIG

[Truthmatters]

Time for you on the right stop LYING about everything

 

[Truthmatters]

Gee I wonder why they all ran away?

 

[Truthmatters]

This is why your party cant do anything right.

They refuse facts that dont fit their world veiw.

You know what an honorable person would do?

accept the facts and stop lying.

 

[Truthmatters]

I may have to bookmark this thread as proof of some real asswhipping

 

[Paulie]

yes and it was Bush who did that you sllly gits

I'm sorry...Bush does not sit on the Fed's open market committee and make decisions on policy.

 

[Mad Scientist]

I may have to bookmark this thread as proof of some real asswhipping

You need to research the Federal Reserve and what it does. Then read blogs and sites of people who actually understand Banking like ZeroHedge and Max Keiser.

ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero
Max Keiser - Financial War Reports - 12345

But I know you won't.

 

[hortysir]

yes and it was Bush who did that you sllly gits

I'm sorry...Bush does not sit on the Fed's open market committee and make decisions on policy.

Dammit, Paulie.

Why'd you interrupt her?

I wanted to see how long she'd go on talking to herself

 

[Truthmatters]

Did Tarp work and did it make money for our government coffers?

 

[Mad Scientist]

yes and it was Bush who did that you sllly gits

I'm sorry...Bush does not sit on the Fed's open market committee and make decisions on policy.

She, like most Americans, has no clue that the Fed is Privately run and isn't accountable to ANY Gov't.

[ame=http://www.youtube.com/watch?v=3QkmLnNEvdU]Allen Greenspan when asked about the relationship of The Federal Reserve and the President - YouTube[/ame]

 

[Mad Scientist]

Did Tarp work and did it make money for our government coffers?

Did they? Read this and find out for yourself:
Banks claim they

 

[iamwhatiseem]

The real sad story is there are many, many TdM's out there - people who see a headline, read a few lines of the story and take it at face value...and then proceed to believe all is warm and fuzzy now.
This is just another example at how easy it is to fool the American public. The lack of knowledge and understanding stifles the ability of the truth to make any difference.
This reminds me of the GM commercials where they claimed they "paid back 100% of what they owed the taxpayers with interest"...remember that? The claim was 100% false. There was not one shred of truth to it...as there is not one shred of truth to this story either.
What the TdM's do is never get beyond the headline.
What this article amounts to is this:
Billy loans Sally $100.
Billy also bought $20,000 worth of useless items that Sally blew her money on.
Sally gives $120 to pay Billy back....and Billy tells everyone he made $20 "profit".

Moron.

 

[Truthmatters]

I may have to bookmark this thread as proof of some real asswhipping

You need to research the Federal Reserve and what it does. Then read blogs and sites of people who actually understand Banking like ZeroHedge and Max Keiser.

ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero
Max Keiser - Financial War Reports - 12345

But I know you won't.

You need to understand that Bush was the president at the time and you cant BLAME this in Obama like you tried to do

 

[Truthmatters]

Federal Reserve Act - Wikipedia, the free encyclopedia


The plan adopted in the original Federal Reserve Act called for the creation of a System that contained both private and public entities. There were to be at least eight, and no more than 12, private regional Federal reserve banks (12 were established) each with its own branches, board of directors and district boundaries[9] and the System was to be headed by a seven member Federal Reserve Board made up of public officials appointed by the President and confirmed by the Senate (strengthened and renamed in 1935 as the Board of Governors of the Federal Reserve System with the Secretary of the Treasury and the Comptroller of the Currency dropped from the Board).[10] Also created as part of the Federal Reserve System was a 12 member Federal Advisory Committee[11] and a single new United States currency, the Federal Reserve Note.[12]

 

[Truthmatters]

Here is your problem.

The thing that caused this mess was deregulation.

The thing that fixed it was Kensyan measures.


stop lying about what worked and what didnt work

 

[Truthmatters]

We are all Keynesians now - Wikipedia, the free encyclopedia

 

[Mad Scientist]

Federal Reserve Act - Wikipedia, the free encyclopedia


The plan adopted in the original Federal Reserve Act called for the creation of a System that contained both private and public entities. There were to be at least eight, and no more than 12, private regional Federal reserve banks (12 were established) each with its own branches, board of directors and district boundaries[9] and the System was to be headed by a seven member Federal Reserve Board made up of public officials appointed by the President and confirmed by the Senate (strengthened and renamed in 1935 as the Board of Governors of the Federal Reserve System with the Secretary of the Treasury and the Comptroller of the Currency dropped from the Board).[10] Also created as part of the Federal Reserve System was a 12 member Federal Advisory Committee[11] and a single new United States currency, the Federal Reserve Note.[12]

How does the President chose the Directors? Why the Fed Chairmen submit the names to him and he rubber stamps them! It only LOOKS like he has a say!

Do you know why it's called a "Federal Reserve Note" and not "US Dollar"? Because the Federal Reserve is LOANING those Dollars to us. We pay back the dollar AND interest on that same dollar! It's debt money!

The Constitution says Congress has to control the money supply but why do that when you can have Banks loan us that money at interest instead?

Did you know that if Congress controlled the money supply there would be no interest to pay on it? Wrap your head around THAT concept for a while and let it sink in.

 

[iamwhatiseem]

The real sad story is there are many, many TdM's out there - people who see a headline, read a few lines of the story and take it at face value...and then proceed to believe all is warm and fuzzy now.
This is just another example at how easy it is to fool the American public. The lack of knowledge and understanding stifles the ability of the truth to make any difference.
This reminds me of the GM commercials where they claimed they "paid back 100% of what they owed the taxpayers with interest"...remember that? The claim was 100% false. There was not one shred of truth to it...as there is not one shred of truth to this story either.
What the TdM's do is never get beyond the headline.
What this article amounts to is this:
Billy loans Sally $100.
Billy also bought $20,000 worth of useless items that Sally blew her money on.
Sally gives $120 to pay Billy back....and Billy tells everyone he made $20 "profit".

Moron.

Again...

 

[Mad Scientist]

Here is your problem.

The thing that caused this mess was deregulation.

The thing that fixed it was Kensyan measures.


stop lying about what worked and what didnt work

Yes! Deregulation in the form of removing Glass/Steagal. Passed by Newt's Congress and signed by Clinton in 1999. That removed the separation of Deposit Banks from Investment Banks. The fix is re-authorizing Glass/Steagal.

Keynesian Economics consists of Low Interest Rates and Gov't Stimulus. How has that worked so far? You see our economy recovering? Neither do I.

You know what the fix is? The gov't (Federal Reserve) should raise interest rates. But they won't because criminal bankers who want cheap money to gamble with on the Stock Market won't tolerate it. So what does the Fed do? It signals the Mint to print money (QE I and II so far with II coming soon) which is deposited in Banks which are supposed to in turn loan it to us.

But the economy sucks, we don't have jobs to pay back those loans anyway so what does the Bank do? It does two things:

It plays the Stock Market with that money creating a false impression that the Economy is going well.
And it loans that money to other banks at low rates. That's what the LIBOR scandal is all about but that's for another time.

If the Fed raises interest rates you know what will happen? Deep, Dark, Economic Depression. Printing money only delays the inevitable. You see how f*cked we are?

What's the solution?

Implement Glass/Steagal
Separate Investment Banks from Deposit Banks.
Raise Interest Rates.
Let the Banks that made bad bets fail.

Yes there will be economic bad times but we will come out on the other side (in about 2 or 3 years) with a lot less debt and in a better position to revive the economy. This SHOULD have been done in 2008 but Hank Paulson held a gun to Congress's heads and said Banks are too big to fail and there will be Martial Law. Don't believe me? Google it.

 

[Mad Scientist]

Total World GDP: About 70 Trillion.

Total Amount of Bank Created Derivatives: 1,500 Trillion.

Mathematically IMPOSSIBLE to pay off.

 

[iamwhatiseem]

[ame=http://www.youtube.com/watch?v=htquSM-hYpo&feature=related]Meltdown - The Men Who Crashed our World - YouTube[/ame]