Surprise surprise... Look at the government using their powers of currency manipulation to save the American people:
"The Fed had fought against disclosing data surrounding its activities during the financial crisis. After President Barack Obama signed his financial reform package into law last July, calling for the nation's central bank to release documents on most of its lending programs, a coalition of the nation's largest financial institutions took the Fed's case to the U.S. Supreme Court in an attempt to keep the records hidden."
"For the first time it revealed the identities of the banks, investment firms, insurance companies, automakers, corporations, and other borrowers it flooded with more than $3 trillion in taxpayer-backed cash."
"Federal Reserve Lent To Gaddafi-Owned Bank, European Firms After Fighting Disclosure For 3 Years "
"At a time when credit markets shunned even the most worthy borrowers, foreign banks, including one partly-owned by Muammar Gaddafi's Libya, fled to the Federal Reserve and borrowed at rock-bottom interest rates, Fed documents released Thursday show."
"Hundreds of billions in toxic asset bailouts of Hedge Funds. Top of the list is Wexford Capital LLC, who’s Chairman, Charles Davidson is a Godman Sachs alumn. Coincidence? I think not.
Hundreds of billions given to banks in other countries, including Libya. Oh, and don’t forget the employee owned hedge funds. It’s so disgusting."
"Records show the Libyan bank borrowed its funds beginning on September 18, 2008 and lasting through at least November 13 of the same year. The daily high point came on three separate occasions in October and November, when the lender tapped the discount window for $600 million. Beginning Oct. 8, those loans were available at a 1.75 percent interest rate. A few weeks later, the rate dropped to 1.25 percent."
http://curryscloud.com/fedrdocs - Download all 132Mb of documents.
http://www.huffingtonpost.com/2011/03/31...43400.html
http://dealbreaker.com/2011/03/federal-r...playabook/
"The Fed had fought against disclosing data surrounding its activities during the financial crisis. After President Barack Obama signed his financial reform package into law last July, calling for the nation's central bank to release documents on most of its lending programs, a coalition of the nation's largest financial institutions took the Fed's case to the U.S. Supreme Court in an attempt to keep the records hidden."
"For the first time it revealed the identities of the banks, investment firms, insurance companies, automakers, corporations, and other borrowers it flooded with more than $3 trillion in taxpayer-backed cash."
"Federal Reserve Lent To Gaddafi-Owned Bank, European Firms After Fighting Disclosure For 3 Years "
"At a time when credit markets shunned even the most worthy borrowers, foreign banks, including one partly-owned by Muammar Gaddafi's Libya, fled to the Federal Reserve and borrowed at rock-bottom interest rates, Fed documents released Thursday show."
"Hundreds of billions in toxic asset bailouts of Hedge Funds. Top of the list is Wexford Capital LLC, who’s Chairman, Charles Davidson is a Godman Sachs alumn. Coincidence? I think not.
Hundreds of billions given to banks in other countries, including Libya. Oh, and don’t forget the employee owned hedge funds. It’s so disgusting."
"Records show the Libyan bank borrowed its funds beginning on September 18, 2008 and lasting through at least November 13 of the same year. The daily high point came on three separate occasions in October and November, when the lender tapped the discount window for $600 million. Beginning Oct. 8, those loans were available at a 1.75 percent interest rate. A few weeks later, the rate dropped to 1.25 percent."
http://curryscloud.com/fedrdocs - Download all 132Mb of documents.
http://www.huffingtonpost.com/2011/03/31...43400.html
http://dealbreaker.com/2011/03/federal-r...playabook/
.
