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

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  •  No, the Fed bailout is for EXACTLY THAT. (6+ / 0-)

    That's what the Federal Reserve discount window is for.  If the money stops coming into the banks, the Fed hands them money.

    The only way to stop them is to expose them.  As long as they keep lying about their accounting, they will keep their fraud going, because they can fool enough of the people enough of the time.

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Fri Jul 22, 2011 at 01:07:44 AM PDT

    [ Parent ]

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