Post Tagged with: "foreign banks"

August 23, 2011 05:36

Wall Street Bailout: Fed’s $1.2 Trillion Secret Loans

[T]he Federal Reserve provided to the “Wall Street Elite” as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010 …. on top of the $700-billion TARP program from the U.S. Treasury Dept., which is also funded by the public.

July 12, 2011 06:53

Fed’s QE2: Begining of the End When Money Gone Offshore

[T]he government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today. Worse, it went into the reserve accounts of foreign banks, on which the Federal Reserve is now paying 0.25% interest.

June 13, 2011 07:57

The Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went

[I]nstead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!