Treasury Doles Out $386M to 23 Banks in Obama's First Distribution

Discussion in 'Current Events' started by Zoom-boing, Jan 27, 2009.

  1. Zoom-boing
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    Zoom-boing Gold Member

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    Treasury Doles Out $386M to 23 Banks in Obama's First Distribution - First 100 Days of Presidency - Politics FOXNews.com


    I wonder if they put any stipulations on it saying the banks have to start using it to lend?
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says dey keep spendin' money like dat - purt soon dey gonna be broke...
    :eek:
    U.S. Treasury Drew Down Its Cash Balance by $81.6 Billion in Just First 4 Days of March
    Monday, March 07, 2011 - The U.S. Treasury is depleting its cash at an accelerating pace, drawing down its cash balance by $81.6 billion in the just the first four days of March, leaving the federal government with only $108.9 billion on hand, according to the Daily Treasury Statement released Monday afternoon.
     
  3. Care4all
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    Care4all Warrior Princess Supporting Member

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    GOOD QUESTION! I hope they did, they should have....
     
  4. Zoom-boing
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    Zoom-boing Gold Member

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    This thread, and my question, is two years old. The banks didn't as far as I can tell . . . .
     
  5. Care4all
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    Care4all Warrior Princess Supporting Member

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    ahhh, didn't notice the date.....par for the course.... :(

    but darnit, why give them the money if they are not going to use it to loan to others....they are banks, aren't they?
     
  6. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    It's all a giant scam.

    The Federal Reserve prints trillions of dollars, gives them to both domestic AND foreign banks and WE have to pay for it. Both the printed money AND in the inflation it causes which is a hidden tax.

    Audit the Fed.
     

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