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View Diary: Fed Audit: $16T in secret loans (228 comments)

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  •  Does Not Even Count the F&F Toxic Assets (4+ / 0-)

    that the Fed has taken and will someday need to be accounted.  

    And from what I remember, those are still on the books, not just counting how much went through the till and came back.  

    Big, Big $.  

    When they want to get credit out there to meet their own goals, they sure know how to make it happen.

    Not so much to help folks keep their home, finance their small business or grow a job or two that actually stays here in the US.

    We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

    by Into The Woods on Thu Jul 21, 2011 at 06:24:35 PM PDT

    •  Haven't you heard? (1+ / 0-)
      Recommended by:
      neroden

      The banks paid us back. We even made a profit. Unfortunately the payback came in the form of toxic assets...

      Whom do you blame more? The rattlesnake, or the bipartisan guy who put it in your sleeping bag?

      by chuckvw on Thu Jul 21, 2011 at 08:24:47 PM PDT

      [ Parent ]

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