first ever Federal Reserve audit reveals secret bailouts

Discussion in 'General Precious Metals Discussion' started by Sargeant Argent, Aug 3, 2011.

  1. Sargeant Argent

    Sargeant Argent New Member

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    Sargeant Argent, Aug 3, 2011
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  2. thatguy

    thatguy Active Member

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    thatguy, Aug 3, 2011
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  3. Lucky

    Lucky Well-Known Member Silver Stacker

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    That is unbelievable! These guys have the power to crash the world economy or keep it alive in their corrupt hands. A world wide crash is on its way. Goodbye middle class.
     
    Lucky, Aug 3, 2011
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  4. goldpelican

    goldpelican Administrator Staff Member

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    goldpelican, Aug 3, 2011
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  5. Sargeant Argent

    Sargeant Argent New Member

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    Woops my bad...
     
    Sargeant Argent, Aug 3, 2011
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  6. Blockhead

    Blockhead Active Member

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    a lot of them apparently were short term loans, many paid back within 24 hours from discussions i have seen on this subject on other parts of the internet, so the 16 trillion sum is somewhat misleading as these short term interbank loans are apparently routine business practice.
     
    Blockhead, Aug 3, 2011
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  7. dccpa

    dccpa Active Member

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    the article stated that little of the money has been repaid. Possibly you are thinking of the TARP money? And a lot of the TARP money repayments were made with money borrowed from, wait for it, the US Treasury. Folks it just doesn't get any better than -0-% loans and paying one loan off with another loan from the same lender. Where I go to stand in line for the handouts, I mean loans?
     
    dccpa, Aug 3, 2011
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  8. Blockhead

    Blockhead Active Member

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    i'm not thinking of anything specific, i'm just repeating what people were saying about it. It's all just smoke and mirrors anyway.
     
    Blockhead, Aug 3, 2011
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