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View Diary: We owe Bernie Sanders thanks - (11 comments)

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  •  ken - I am confused (0+ / 0-)

    The Fed receives no taxpayer funds. So if the Fed makes bad loans, why would the taxpayers be on the hook?

    It's my understanding that the loans made by the Fed during the financial crises were very short term in maturity and have all been paid back. However, I don't have a definitive source on that information and should someone have other data I would welcome it.

    "let's talk about that"

    by VClib on Wed Jun 13, 2012 at 11:35:12 AM PDT

    •  The Fed is not fully audited so we do not (1+ / 0-)
      Recommended by:

      know exactly what they did. They are, however, the major body that sets fiscal policy in the US so they have a massive effect on the economy. It is unseemly at best to have people serve on this body who have a major financial interest in the policies set by this body. Said another way, I could probably do OK financially if I could make myself a billion dollar 0 interest loan.

      I'm truly sorry Man's dominion Has broken Nature's social union--Robert Burns

      by Eric Blair on Wed Jun 13, 2012 at 02:51:49 PM PDT

      [ Parent ]

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