Secret Fed Loans Gave Banks Undisclosed $13B

November 29th, 2011

FAKE NEWS for the Zionist agenda

Bob Ivry, Bradley Keoun and Phil Kuntz
Bloomberg
Monday, November 28, 2011

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.

Full story here.

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31 Responses to “Secret Fed Loans Gave Banks Undisclosed $13B”

Same as it ever was…

Huggles Reply:
November 28th, 2011 at 8:22 am

Ladies and gentlemen!

What we have here is state welfare for banks and corporations. If you will, a “socialised” welfare system for big companies.

Now where are all those rightwing, teabagging, outrage monkeys when you need them? They are probably bothering their local assemblymen about all those unwed mothers claiming welfare to feed their babies.

mrwaddlebottom Reply:
November 28th, 2011 at 9:19 am

The teabagers were and are against this corruption. As are most citizens. Problem is we have people like you giving the government more and more power to screw us. We are all in this together regardless. It’s time to realize we all believe 90% in the same truths and unite as Americans. I don’t care if you are gay, straight, Christian, Muslim, fat. Skinny, dumb or ugly. We are all being screwed. People are generally only capable of looking out for their own self interest and as we can all see its being proven on every level in our society. Wake up, grow up and let’s fix this.

Super Duper Man 1776 Reply:
November 28th, 2011 at 10:59 am

THESE NUMBERS DONT MEAN ANYTHING TO ME ANYMORE.

Mark54321 Reply:
November 28th, 2011 at 1:23 pm

It is 16 Trillion you fools, according to a 266 page audit by the GAO that has been published on their website since last July, an audit intiated by Ron Paul, that you NEVER HEAR HIM OR AJ TALK ABOUT! What is wrong with THIS PICTURE?

truthistruth Reply:
November 28th, 2011 at 3:29 pm

Super – neither does logic or reason but that hasn’t stopped you so far…

dhsn Reply:
November 28th, 2011 at 10:25 am

huggies, the US has been a commie (“socialist”) country since the KKK recruiter woodrow wilson and the Fed Res Bank. Do actual research.
I notice how you do the nazi propagandist thing by saying “rightwing teabaggers” all the while knowing that “teabagging” is a practice of male homosexuals who dip their scrotum in and out of their partners mouth like a teabag, thereby trying to create a pavlovian link between male homosexuals and people who are Taxed Enough Already, the people who make this country work.
And the TEA party patriots are against all forms of welfare, private corporate, as both are unconstitutional.
mr w, huggies isn’t one of the people giving the US govt more power. He’s a brit.

mrwaddlebottom Reply:
November 28th, 2011 at 10:41 am

Oops. Didn’t research the huggles……… Oh well, people of his/her mindset. Lol

Bacchus Reply:
November 28th, 2011 at 12:33 pm

Huggles, perhaps those people that you’re looking for have been Raptured Away to heaven, leaving us sinners Left Behind to work out the problems that God and his servants found to difficult.
@Captain Ron , I don’t need to comment , because yours is short straight to the point…..BUT I will 2nd you Capt ….you are right ….Same as ever…..lol…
Thanks
Best Wishes
p.s ..plus when we have been talking about Trillion…sss………13 billion is peanuts ….lol..

Mark54321 Reply:
November 28th, 2011 at 1:35 pm

It is over 16 Trillion you fools, according to a 266 page audit by the GAO that has been published on their website since last July, an audit intiated by Ron Paul, that you NEVER HEAR HIM OR AJ TALK ABOUT! What is wrong with THIS PICTURE?
The money changers have no regard for the future because they have not included the people in there plans. The thieves plan their hide away escape while sacraficing the human population. There is no economic, or moral recovery to come for the plan is extermination.

AFTER THE CHURCH COMMITS AN APOSTAPHEE
AND THE POPE NO LONGER RESIDES IN ROME
THE TRIBULATONS SHALL BEGIN

Today the Pope had endorsed climate change funding tax for the NWO enslavement.
Banks loan money when you have a job and verifiable income. They don’t care if that income changes or becomes zero! They all do it! When you buy a new car you are on the hook for 5 or 6 years to get a payment somewhere around $300. All you have to show is that you can make the payments at the time you sign. They don’t care if you can’t pay for it after you sign because they get their money up front while you make payments with interest for 5 or 6 years. Builders get their money up front when you buy a home. Same thing you make payments for however long you financed your mortgage with interest. Banks loan money to nations knowing the taxpayers have to foot the bill. The banks get their money up front at cheap interest rates, loan it out at a 10 to 1 ratio, knowing if they make bad decisions on their loan portfolio, they get bailed out at the taxpayers expense! When you buy something they don’t reduce your taxes. Your taxes are based on your income, regardless of what you purchase! Get a clue people, if you really want to win this war, stop buying into their stupid system!
If you think about it, insurance companies and their pre-existing conditions are a joke. So you have a job, you have insurance. You lose that job and the insurance, but you keep living. You get another job, with another insurance carrier, but while you were unemployed you developed a condition. Your new insurance carrier tells you they can’t insure you because you had the condition before you became insured with them. Well, a condition can develop any time in someones life. Pre-existing condition my ass! Insurance companies are just a scheme to make money off the masses like banks, the government, etc… On and on and on……
Calculate how much you pay PER HOUR in taxes, then call your congressman and tell them to present this information to congress on C-Span!
Time to calculate your taxes PER HOUR!
You don’t think the banksters make money on their bailout money? WELL YES THEY DO!

So basically the Fed gave them $13 billion. Where did that go? Probably bonuses for banksters so they can live their lavish lifestyles while the rest of us become jobless.

AUDIT THE FED
It’s all the same, rip off Americans and make money. Insurance is the same thing. You could work for years with insurance from a company but get laid off or business closes and a month later start a new job and pay for insurance but unless you have at least one full year of being covered they will deny your medical bills. So you could start the new job and wait for 90 days to pay for insurance for 11 months straight, get injured or sick and denied. The reason companies make you wait 90 days is not just for probationary purposes but to get a better rate from the insurance companies because this causes a rift in coverage and less expense for the insurer. Even if you switch jobs directly most will do this to assure a rift in coverage. Same with the banks, they either wont loan without giving high interest rates for any reason they can think of to the tax payer but through their own bad choices in business practices and toxic long shot derivatives the tax payer has to accept their losses as their debt. The federal government spends like a crackhead and borrows and prints nonstop and the tax payers have to accept this debt as their own. It’s not capitalism to blame but crony capitalism where only the government and large corporations who line their pockets get taken car of and the tax payer gets the short end of the stick with a large pile of debt for their actions.
The so-called “Federal”-Reserve is a group of 12 privately-owned banks and a group organization called their “board of governors”. Each of the 12 banks has a license to create “Federal”-Reserve notes out of thin air, and the US government granted those notes the status of legal tender, many decades ago. The US government does NOT have the right to create paper currency at all. The “Federal”-Reserve board of governors” doesn’t create currency of make loans. Only the 12 member banks do. And by far the biggest among the members is the “Federal”-Reserve Bank of New York(FRBNY).

If this story is basically true then most likely the FRBNY created the money out of thin air and made these loans. The government was not involved directly.

This is a different situation to the so call “Troubled Asset Relief Program”(TARP) where the FRBNY created about .75 trillion in legal tender out of thin air and loaned it to US the Federal government at interest, and the government then used the money to buy bad assets from other bankers, on behalf of the people who elected that government. The government was involved directly.

Even though the government was not directly involved in the case being reported, it still increases the money supply and inflation, and inflation is a form of taxation. So it is still taxation without representation.

the sage Reply:
November 28th, 2011 at 10:16 am

Just in case you were confused concerning this article…

Federal Reserve = Zionist Jews
Bankers = Zionist Jews
Lobbyists = Zionist Jews
Congress = Zionist Jews and bought and paid for sociopathic goyim.

Hope that clarifies things a bit.
Shalom.

between_the_lines Reply:
November 28th, 2011 at 11:58 am

That comment doesn’t show any understanding of any point I made in my analysis. He is just trying to stifle all analysis of how the financial system works. Trying replace analysis with universal catch-all slogans.

between_the_lines Reply:
November 28th, 2011 at 12:34 pm

Apart from being off-topic, his slogans are pretty misleading:

• sage: Zionist Jews:
BTL: Zionism is a movement to settler-colonize Palestine with Jews. Jewish bankers financially colonized European currencies long before the modern Zionist movement was ever thought of. So they were not Zionists. A Jew doesn’t need to champion the Jewish settler-colonization Palestine, in order to champion the Jewish financial colonization of the world. Jewish NATIONALISM is a much more fundamental problem than Jewish ZIONISM. Especailly nation-Jewish within-a-nation NATIONALISM. The Jewish takeover of Palestine from within, can also be spun as an extreme example Jewish nation-within-a-nation NATIONALISM. Jewish Zionism is a subset of Jewish Nationalism. The nationalism came first and spawned the Zionism.

Jewish non-Zionist dissident movements are now restricted to tiny groups like Neturei Karte. Although it once included the whole Jewish Reform movement (the biggest Jewish sect in the US):
h**p://www.sacred-texts.com/jud/1885.htm “The 1885 Pitsburgh Platform of Reform Judaism”
“5. … We consider ourselves NO LONGER A NATION, but a religious community, and therefore expect NEITHER RETURN TO PALESTINE..nor the restoration of any of the laws concerning the Jewish state.”

Jewish non-Zionist, non-nationalist dissident individuals exist but are very few, for example: Gìlad Atzmon, Norman Finkelstein, Israel Shamir, Albert Einstein(deceased) and others.

Also most non-Catholic Christian sects support Jewish Zionism.

• sage: Federal Reserve = Zionist Jews:
BTL: All the owners of the 12 “Federal”-Reserve Banks are Jews, not all Jews are owners of the 12 “Federal”-Reserve banks.

• sage: Bankers = Zionist Jews
BTL: Most but not all bank-owners are Jews, most Jews are not bank-owners.

• sage: Lobbyists = Zionist Jews
BTL: Some but not all lobbyists are Jews, some lobbyists are not Jews. Some Jews are lobbyists, most Jews are not lobbyists.

• sage: Congress = Zionist Jews and bought and paid for sociopathic goyim.
BTL: He is closeer on that one though: Most members of congress are Goyim. Some members of congress are Jews. Most Jews and most Goyim are not members of congress.
..Most members of Congress(Jews and Goyim alike) are bought and paid for by the owners of the 12 “Federal’-Reserve Banks, who are nationalistic Jews.
If Federal Reserve Notes were water, and that water was debt, then debt is quickly flooding the smaller banks and the Titanic is sinking. Bankers, Corporations, politicians to the life boats. Economy class men, women, and children prepare to go down with the ship. After all, we were the Captains, and we were watching a football game while our country was smashing into an iceberg.
my co-worker’s aunt makes $84 hourly on the laptop. She has been without work for 7 months but last month her check was $8906 just working on the laptop for a few hours. Read this web site NuttyRich.com

between_the_lines Reply:
November 28th, 2011 at 2:20 pm

Spam
Has anyone looked into this:

Electroencephalogram (EEG)

having a brain electrocephalogram isn’t a complicated thing if you ever saw how it is done?

BUt did you know if you wanted to pay a private test just to have your personal test you need to be refered to by a doctor?

THis might seem a normal process for so many but why would a person need a doctors referal, that he will pay from his savings to simply get a Electroencephalogram (EEG)

Lets say you wanted to do a serious research on your own brain result, hoping to understand more about brain waves???

they realy do have there mafia controlling everything don’t they?
Don’t you just love it. A note which is a not a note promising to pay you nothing, has no intrinsic value except the paper that it is written on, maybe somewhat good in the rest room. They want you to pay interest of nothing on the nothing note of nothing you borrowed from them. If you don’t pay back the notes of nothing with interest of nothing they will take your collateral of real property that you put up in good faith for the loan of nothing. The end game is they will own the world and we will end up owning nothing. We will be there slaves. Is this magic? It’s like the funny man in a nursery rime, Rumpelstiltskin who vowed to spin hay into gold. Strange, that guy had a big nose too like the banksters. Does it run in the family? Apparently we the sheeple are nothing too because we allow this fraud to continue on until our grandchildren have no home to grow up in.

between_the_lines Reply:
November 28th, 2011 at 2:29 pm

holdingstrong: Apparently we the sheeple are nothing too because we allow this fraud to continue on until our grandchildren have no home to grow up in.

Between_the_lines:
True!
hey g bloobastardberg found your money
well g c look at it this way you get go to heaven its well worth the trade .surly you didnt want to spend for ever in hell with these scum sucking pigs
13 B’s is chicken feed

Bernanke’s probably got that stashed away in Brief case in his car for Emergency Funds.
Unless it’s got a “T” in it, it’s not worth worrying about.