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View Diary: Geithner Draws line in sand: No Rate hikes for 2% = No Fiscal Deal. Also, SS off table! (**Video) (259 comments)

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  •  Not obvious. Please explain, if you can. (2+ / 0-)
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    gramofsam1, SoCalSal

    He who can make you believe absurdities, can make you commit atrocities.

    by Sophie Amrain on Sun Dec 02, 2012 at 02:31:38 PM PST

    [ Parent ]

    •  He helped construct the deal that paid G-S... (0+ / 0-)

      ...billions via the AIG bail-out. As for aiding and abetting Wall Street's shenanigans:

      In addition to responsibilities the New York Fed shares in common with the other Reserve Banks, the New York Fed has several unique responsibilities, including conducting open market operations, intervening in foreign exchange markets, and storing monetary gold for foreign central banks, governments and international agencies. Foremost among its functions is the implementation of monetary policy, one of the three missions of the New York Fed. The other two are supervision and regulation, and international operations.
      http://www.newyorkfed.org/...
      Emphasis added.

      It's really easy to look this stuff up if you dpn't, you know, actually remember what happened.

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