Another Wall Street Giveaway?

[georgephillip]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

 

[Toddsterpatriot]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans

Cumulatively?

 

[toobfreak]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

Moot point. WE DON'T HAVE 2 trillion much less 6 trillion to give anybody. Doing so will collaspse the USA.

 

[georgephillip]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans

Cumulatively?

These Are the Banks that Own the New York Fed and Its Money Button

"By Pam Martens and Russ Martens: November 20, 2019 ~

"The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained."

 

[Toddsterpatriot]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans

Cumulatively?

These Are the Banks that Own the New York Fed and Its Money Button

"By Pam Martens and Russ Martens: November 20, 2019 ~

"The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained."

Banks don't own the New York Fed.

Yes, they lent tons of cash against tons of collateral. And?

 

[B. Kidd]

It would have been 3+ trillion, but some areas of our great Country will be returning to work soon!

 

[MisterBeale]

 

[georgephillip]

It would have been 3+ trillion, but some areas of our great Country will be returning to work soon!

When are you expecting America to return to work?

How long will American work if their medical infrastructure is collapsing around them and their families?

 

[Toddsterpatriot]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans

Cumulatively?

These Are the Banks that Own the New York Fed and Its Money Button

"By Pam Martens and Russ Martens: November 20, 2019 ~

"The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained."

Thanks for the link.

The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

How many "shares" do they each own?

Consider that $25.5 million in today’s dollars that was distributed by the Fed from 1932 to 1936 to just one day in 2008.

Would our economy have benefitted from much larger Fed loans in the 30s?

And despite its mandate to make properly collateralized loans to only solvent banks, it made over $2.5 trillion in loans to Citigroup, much of that after the bank was clearly insolvent.

Insolvent: unable to pay debts owed.

They repaid those debts to the Fed. Clearly.
In fact the Fed and the US Treasury made well over $13 billion.

 

[B. Kidd]

It would have been 3+ trillion, but some areas of our great Country will be returning to work soon!

When are you expecting America to return to work?

How long will American work if their medical infrastructure is collapsing around them and their families?

 

[B. Kidd]

Most flyover states by mid April, West coasties by the end of April, and the East Coast by mid-May.

 

[g5000]

Socialist Donald Trump's new campaign song:

 

[AzogtheDefiler]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans

Cumulatively?

These Are the Banks that Own the New York Fed and Its Money Button

"By Pam Martens and Russ Martens: November 20, 2019 ~

"The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained."

Thanks for the link.

The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

How many "shares" do they each own?

Consider that $25.5 million in today’s dollars that was distributed by the Fed from 1932 to 1936 to just one day in 2008.

Would our economy have benefitted from much larger Fed loans in the 30s?

And despite its mandate to make properly collateralized loans to only solvent banks, it made over $2.5 trillion in loans to Citigroup, much of that after the bank was clearly insolvent.

Insolvent: unable to pay debts owed.

They repaid those debts to the Fed. Clearly.
In fact the Fed and the US Treasury made well over $13 billion.

Todd is making Georgie look stupid. This is fun.

 

[AzogtheDefiler]

Most flyover states by mid April, West coasties by the end of April, and the East Coast by mid-May.

I hope you're right but I think you're 30 days too optimistic.

 

[B. Kidd]

Most flyover states by mid April, West coasties by the end of April, and the East Coast by mid-May.

I hope you're right but I think you're 30 days too optimistic.

Maybe 2 weeks at most.

 

[georgephillip]

anks don't own the New York Fed.

Link?

These Are the Banks that Own the New York Fed and Its Money Button

"The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

"Those five banks represent two-thirds of the eight Global Systemically Important Banks (G-SIBs) in the United States.

"The other three G-SIBs are Bank of America, a shareowner in the Richmond Fed; Wells Fargo, a shareowner of the San Francisco Fed; and State Street, a shareowner in the Boston Fed."

 

[georgephillip]

Most flyover states by mid April, West coasties by the end of April, and the East Coast by mid-May.

Who gave you those numbers?

All the President’s Lies About the Coronavirus

"In the 11 days since he declared the coronavirus pandemic a national emergency, President Donald Trump has repeatedly lied about this once-in-a-generation crisis.

Here, a collection of the biggest lies he’s told as the nation barrels toward a public-health and economic calamity. This post will be updated as needed.


"On the Nature of the Virus

"When: Friday, February 7, and Wednesday, February 19..."

 

[Toddsterpatriot]

anks don't own the New York Fed.

Link?

These Are the Banks that Own the New York Fed and Its Money Button

"The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

"Those five banks represent two-thirds of the eight Global Systemically Important Banks (G-SIBs) in the United States.

"The other three G-SIBs are Bank of America, a shareowner in the Richmond Fed; Wells Fargo, a shareowner of the San Francisco Fed; and State Street, a shareowner in the Boston Fed."

"The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

How many shares do they own?

 

[The Original Tree]

Watching corporate Democrats like Pelosi and Schumer pretend concern for productive Americans is difficult for me to stomach, especially when I think back to 2009.

If Democrats are serious about putting Main Street interests over shareholder concerns, they will start demanding the "Foreclosure King" has no input into how this bailout proceeds

"Americans got their first whiff that this was going to be another massive giveaway to Wall Street banks, just as happened from 2007 to 2010, when White House economic adviser Larry Kudlow appeared at the White House briefing yesterday evening.

"Kudlow revealed that the stimulus plan is actually a $6 trillion package — $2 trillion to struggling Americans and $4 trillion to dispense as Treasury Secretary Steve Mnuchin and the Federal Reserve see fit.

"Since the Federal Reserve has seen fit since September 17 of last year to flood the trading houses of Wall Street with $9 trillion cumulatively in revolving loans, one can reasonably expect that this is where the new $4 trillion will be going."

Stimulus Bill: The Fed and Treasury’s Slush Fund Is Actually $4 Trillion

Assuming those $2 billion and $4 billion figures are accurate, is there any good reason they should not be reversed with $4 billion going to Main Street and shareholder speculators getting table scraps?

"Before the confirmation hearing concluded, Senator Wyden added the following:

"'Mr. Mnuchin, a month ago you signed documents and an affidavit that omitted the Cayman Island fund, almost $100 million of real estate, six shell companies and a hedge fund in Anguilla. This was not self-corrected. The only reason it came to light was my staff found it and told you it had to be corrected.'

"Until Americans find their backbone, this is the 'democracy' we are preparing to hand over to our children and grandchildren — a nation crippled by debt and living under the jackboot of corrupt politicians in service to their overlords on Wall Street."

Don't you have toilets to scrub in Wuhan?

 

[Toddsterpatriot]

Banks don't own the New York Fed.

Link?

These Are the Banks that Own the New York Fed and Its Money Button

"The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon.

"Those five banks represent two-thirds of the eight Global Systemically Important Banks (G-SIBs) in the United States.

"The other three G-SIBs are Bank of America, a shareowner in the Richmond Fed; Wells Fargo, a shareowner of the San Francisco Fed; and State Street, a shareowner in the Boston Fed."

Banks don't own the New York Fed.

Link?

Who owns the Federal Reserve?

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov