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Toro, you are acting like a fucking nincompoop posting a grossly stupid article like that. I will quote. "bailed out Bear Stearns taking on tens of billions of dollars of the banks bad loans in order to smooth Bear Stearns takeover by JPMorgan Chase. The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion of taxpayer dollars bailing out the banks,"
Now, Toro, I know from your posts that you are not the brightest lightbulb in the bunch from your previous posts, but this makes you look totally stupid and is obviously an attempt to just attack another for the fun of it. The FED efforts to stop economic chaos are totally independent of "Congress authorizing the government to spend up to $700 Billion of Taxpayer dollars bailing out the banks."
Low IQ buffoons of which we have plenty on this forum will jump on this shit and say, "See they did not have congressional approval." Might I remind you that the FED is independent of the Congress and that congressional approval of monies spend is in no way connected to the FED. I note that you suckered DUDE in to this ruse. Shame on you. Dude does not understand what is going on and has no knowledge of the FED charter.
I expect you know better and are just trying to make him look like a fool. Shame on you!
I believe DUDE to just be a nice guy who does not really know what is going on around him. He has been suckered in by the Ron Paulites and all of their insane lies, but was questioning all of that insane crap they spew to hook fools into their web of stupidity.
What a shame that you are playing these games with people.
Toro, you are acting like a fucking nincompoop posting a grossly stupid article like that. I will quote. "bailed out Bear Stearns – taking on tens of billions of dollars of the bank’s bad loans – in order to smooth Bear Stearns’ takeover by JPMorgan Chase. The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion of taxpayer dollars bailing out the banks,"
Now, Toro, I know from your posts that you are not the brightest lightbulb in the bunch from your previous posts, but this makes you look totally stupid and is obviously an attempt to just attack another for the fun of it. The FED efforts to stop economic chaos are totally independent of "Congress authorizing the government to spend up to $700 Billion of Taxpayer dollars bailing out the banks."
Low IQ buffoons of which we have plenty on this forum will jump on this shit and say, "See they did not have congressional approval." Might I remind you that the FED is independent of the Congress and that congressional approval of monies spend is in no way connected to the FED. I note that you suckered DUDE in to this ruse. Shame on you. Dude does not understand what is going on and has no knowledge of the FED charter.
I expect you know better and are just trying to make him look like a fool. Shame on you!
I believe DUDE to just be a nice guy who does not really know what is going on around him. He has been suckered in by the Ron Paulites and all of their insane lies, but was questioning all of that insane crap they spew to hook fools into their web of stupidity.
What a shame that you are playing these games with people.
As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."
Robert Reich is just trying to make more money by playing into the crazed frenzy that the followers of Ron Paul have started with their worship of gold. One way to bring money in is to write a scandal sheet type book because it sells.
Robert Reich might actually be starting to grow a brain. I guess he's just a late bloomer.
God made me one of the most powerful men in the world and HE told me to post that photo. If you think God is wrong, go talk to Him. The last person who tried to tell God that He was wrong disappeared. Pooof! there was a flash, and the only thing that was left was a small pile of shit. Go see if you can do better. I do not argue with God and He likes me and tells me to go forth and show the world the beauty of His creation.neubarth....for the love of all that his good in this world....put a shirt on
Like hell.Low IQ buffoons of which we have plenty on this forum will jump on this shit and say, "See they did not have congressional approval." Might I remind you that the FED is independent of the Congress and that congressional approval of monies spend is in no way connected to the FED. I note that you suckered DUDE in to this ruse. Shame on you. Dude does not understand what is going on and has no knowledge of the FED charter.
I expect you know better and are just trying to make him look like a fool. Shame on you!
I believe DUDE to just be a nice guy who does not really know what is going on around him. He has been suckered in by the Ron Paulites and all of their insane lies, but was questioning all of that insane crap they spew to hook fools into their web of stupidity.
What a shame that you are playing these games with people.
Like hell.
The Fed is the biggest Ponzi scam ever devised by man, run by a bunch of rich assholes who get to collect interest on "money" printed up out of thin air.
The real sucker here is you, in your blind worship of a bunch of crooks who profit by debasing the purchasing power of our currency.
Our FED which art involatile
Hallowed by thy name.
Thy interest come
Thy will be done
In Banking
As it is our pleasure.
Forgive us our debts
As we forgive our debtors.
^^^^^^^^^^^^
As most of you know, the only way we will be able to fund Social Security for the next fifty years is with Free Money from the Fed. After we have borrowed it at Zero Interest for those fifty years, we can ask the FED to forgive us our debt, and they will erase it from the ledger. Just like God does not see our sin after we confess it and ask that it be forgiven, the FED will forgive us our debt if we confess it and ask that it be forgiven. Ain't the FED wonderful???
Wow...What a hard-hitting and fact-packed post!!Like hell.
The Fed is the biggest Ponzi scam ever devised by man, run by a bunch of rich assholes who get to collect interest on "money" printed up out of thin air.
The real sucker here is you, in your blind worship of a bunch of crooks who profit by debasing the purchasing power of our currency.
Dude, everything you said is wrong.
As I have already posted, the FED does not print money. The interest that they receive on the Bonds and Notes that they buy if the Chinese and Japanese refuse to buy them is deposited in the Treasury.Wow...What a hard-hitting and fact-packed post!!Like hell.
The Fed is the biggest Ponzi scam ever devised by man, run by a bunch of rich assholes who get to collect interest on "money" printed up out of thin air.
The real sucker here is you, in your blind worship of a bunch of crooks who profit by debasing the purchasing power of our currency.
Dude, everything you said is wrong.