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Fed to Pay Interest on Banks' Reserves, Expand Loans
cnbc.com — Feds try to open credit markets.
scottstanford35- 12 diggs
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- unlawflcombatnt, on 10/06/2008, -0/+9The Fed wants to hand out an additional $900 billion to Wall Street Welfare Queens, following Friday's commitment to give away $850 billion.
The Treasury and the Fed are robbing the middle class to bail out the rich.
It's time to get rid of every last one of our representatives.
http://www.unlawflcombatnt.proboards84.com/- caferrell, on 10/06/2008, -0/+2At what point are the Fed and Treasury going to realize that their largesse will not solve the problem?
At what point will Americans realize that the discomfort that they feel in their behinds is caused by the Fed and the government taking turns raping them?
- caferrell, on 10/06/2008, -0/+2At what point are the Fed and Treasury going to realize that their largesse will not solve the problem?
- CynNewYork, on 10/06/2008, -0/+7I would call them Welfare Kings, but that is just me. In any case, I'm out of the market. Too much risk. It's like the gov't left the kids in charge with no adult supervision.
- Striker101, on 10/06/2008, -0/+5Well apparently Gov't is the kid - bailing itself out of Fanny/Freddie... if it can! So the $700bill or whatever is added to the national debt... for what? to pay for F/F that Gov already "owns"? Woe is Us!
- unlawflcombatnt, on 10/07/2008, -0/+2And despite the $1.75 trillion handout over the last 3 days, the whiny Corporate shills on the mainstream media are begging for more handouts--as in a 1% Fed rate cut.
I'm waiting for the day that Wall Street Financial gangsters, accompanied by the local police, come to our homes and ask us to give them all our money.
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