70% Of Fed Loans To Foreign Banks!
- Thread starter pspr
- Start date
Well, it's like they say, innit? If all you got is a hammer, everything looks like a nail to you. If all you're willing to accept are simple explanations, it's all going to look simple to you, for sure.
Not arguing your point, per se, but it's all quite simple.
While the uninformed are arguing about which politician says what, those with the REAL power are doing exactly whatever they wish.
imho, fwiw and ymmv
Credit card contracts are complicated too, but nobody benefits from that.....
The man responsible for allowing these loans should be sacked and forced to end his career. The job of the Fed is to promote the American economy not foreign economies! Do they not think more than one week ahead? When you make so many loans what do you think is going to happen to the interest? Its ALL going to leave the country! Its like giving an allowance to your neighbor's kid instead of your own kid. It baffles me that this was allowed to happen.
do you expect it to be different? of course there needs to be culprits. It doesnt matter how complicated or not it may be. The biggest negligence/fraud/collapse in our lifetime and heads don't roll. Everyone who is on TV taking credit when it goes up should have their nuts cut off in public when it goes the other way.
100% agree... But if your search for culprits is based on simplistic and excessively trivialized "analysis", you ain't gonna get anywhere.
This makes no sense... The foreign banks that accessed the Fed window needed funding for their USD-denominated assets, which means that they have been promoting the American economy for years.
Firstly, it's not that complicated (but a bit more complicated than the "stone the Fed guv'nors" solution). Secondly, I agree.Quote from ElCubano:
While some complicated formula may be required to get to the meat and potatoes of who is to blame..there are many who should have been paraded in front of wall street and stoned....
Martinghoul, you're not just talking his own book here are you? If you're working at one of the firms that received USD funding from the Fed, then Bernanke's solutions make perfect sense.
Did your firm receive money from the Fed? Yes or No?
That's a simple question for you, can you give a simple answer?
Did your firm receive money from the Fed? Yes or No?
That's a simple question for you, can you give a simple answer?