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Fed Refuses To Disclose Recipients of $2 Trillion in Lending


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Topic started on 12-12-2008 @ 10:33 AM by DimensionalDetective
+15 more 

Fed Refuses To Disclose Recipients of $2 Trillion in Lending


www.bloomberg.com

Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.

(visit the link for the full news article)



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reply posted on 12-12-2008 @ 10:33 AM by DimensionalDetective


I really don't even know what to say anymore. This is just beyond disgusting.

And I really don't understand, WHY IS THIS BEING ALLOWED TO OCCUR? This is such a blatant ROBBERY of us all, and these people are literally saying, "we're taking your money and putting you into perpetual debt, but it's NONE OF YOUR BUSINESS who is STEALING FROM YOU".

What the heck is going on here? Why are we tolerating this?!?

www.bloomberg.com
(visit the link for the full news article)

[edit on 12-12-2008 by DimensionalDetective]



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reply posted on 12-12-2008 @ 10:44 AM by selfisolated


Star and Flag.
I'm speechless.

I'm so glad I don't live in America.. but having said that,
the situation in Britain is just as bad.

At least you get to 'elect' your 'leader',
ours ascended to the throne of Prime Minister with very little opposition.
And he's making a rate mess.



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reply posted on 12-12-2008 @ 10:45 AM by Maxmars


The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information.


OK, so they are 'allowed' to. Is that the same as they MUST? What exactly is it about the Fed that makes our Senators and Congressmen kowtow to them?

Another question. If the Fed is a 'for-profit' entity, and it has 'owners'; don't they have to file tax returns like any other business? Or are they magically exempt.

What is it about the trillions they allegedly 'disbursed' that makes it a 'trade secret'?

And now that the Fed owns the Treasury Department, should we rename it to something more accurate like, Bureau of Bank Bitches, or Money Lenders Enforcement agency. They supersede US law, maybe the organizations should be considered a branch of the WTO or the ISB.



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reply posted on 12-12-2008 @ 10:46 AM by mybigunit


And yet we run the Auto companies through the mill like there is NO tomorrow all over the difference in auto workers pay from $28 an hour to $24 an hour. That $4 an hour makes a huge difference you know!!! Disgusting and Im talking this is grotesque at this point. Trillions of dollars un accounted for and we put the auto companies through what we are. Here is an idea... LET THEM ALL FAIL INCLUDING THE BIG FAT BLOATED BANKS!!!!!!!!!!!!!

Oh and then theres this



“If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP Capital LLC, which oversees $22 billion in assets.



Yea we dont want the American people to know how much they are going to get shafted for!!!!! OMG IS THIS REALLY HAPPENING????

[edit on 12-12-2008 by mybigunit]



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reply posted on 12-12-2008 @ 10:47 AM by niteboy82


reply to post by DimensionalDetective



Didn't we make people aware of this when the bill was first coming to light and it specifically implied that the Fed was going to be above oversight by any branch?

We are going to reap what we sow, and it doesn't look good.



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reply posted on 12-12-2008 @ 10:48 AM by CaptGizmo


reply to post by DimensionalDetective


This is a thread I started already DD. Sorry. See here:

www.abovetopsecret.com...



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reply posted on 12-12-2008 @ 11:00 AM by kingdogol


Originally posted by selfisolated
Star and Flag.
I'm speechless.
At least you get to 'elect' your 'leader',



OK, no one gets to elect their leader, we are all leaders and the majority of people think that putting their marking down on the ballot or whatever means they are having a say, well that is a load of BS, a mighty giant upgraded with fries size load of BS.

The reason you are speechless is because so many people all over the world are so wound up in their own lives, what life I ask.
The one where you freely do what you want and can participate in breakthough science and technologies?
The one where you are in paid slavery and the pay just goes to putting rubbish back into your body?
The one where video games and TV are what matters in life?

I hope you get the point I'm trying to make. No one is elected and chances are you were born into a world of slavery, you just need to realise this before you figure out the pieces and then strategically move them into place to eliminate an enemy who you are currently thinking does not exist.

Money is irrelevant and only benefits those in the positions of power. Who in power do you see trying to help people? Regular people, malnuritoued people? The FED is the biggest scam out there and so many people are amazed at results like this when their is so many things, even for the n00b, that show you they didn't answer to money since Bush was put in office. These figures are suprisingly LOWER than I expected, even then I know there is publicly 2 Trillion, but how much is there you don't know about? You don't actually think they spend $20,000 on a hammer, $30,000 on a toilet seat....do you?
Yes that is an ID4 reference.

What I'm saying is these figures only amaze you IGNORANT people who have not been guided to the door which you must open and go through.......

If you want links, references please use the u2u.............I will happppppppppppily help you start to see the bigger picture.



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reply posted on 12-12-2008 @ 11:20 AM by gravytrain


Star and a Flag

This makes me sick. We the people who live here in the not so good anymore U-S of A need to start massive protests and demand to know where OUR money went. We should all march right up to the FED and stay there until our demands our met. Just imagine if hundreds of thousands of people did this... What a great day for america that WOULD be.

I believe this will happen, its only a matter of time.



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reply posted on 12-12-2008 @ 11:33 AM by kelbtalfenek


reply to post by DimensionalDetective



Nice find DD.

This is an amazing affront to the Taxpayer.

Meanwhile Congress is playing the "shall we bailout the auto companies" game.



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reply posted on 12-12-2008 @ 11:36 AM by Jkd Up


Well, the Fed is officially claiming to not tell anyone where any of this money is going. Any big suprise? This is disgusting!

"Hello Mr Citizen. Thank you for all that mone but no, I can't tell you where it's going. thanks again! Look forward to more money from you later!"



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reply posted on 12-12-2008 @ 11:38 AM by Jkd Up


Now can there be any question that we live in the land of the free and the home of the brave?

This is not a one liner. A one liner would be: "My girl's so fat when she wears high heels she strikes oil"



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reply posted on 12-12-2008 @ 12:18 PM by freecell


So? They are a den of thieves. They run the world money system, did anyone really expect them to do anything honorable or right?

Now the White House is going to give TARP money to GM. Why? Because they are lawless and corrupt. Stop supporting the system or it will destroy you and all you love, if it has not already. CON-gress and the Sin-ate are a joke, they have no power.

The Federal Government is nothing but a bankrupt Corporation, dependant on the Federal Reserve just as much as any other corporation.

But, few will do anything about it, we remain debt slaves and peons. We are reaping what we have sown. Just bring it already, I am sick of this earth ride anyway.



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reply posted on 12-12-2008 @ 12:19 PM by j.bowen00


well the fed isn't a government agency, so why are we surprised that they wont tell us where they're money is going? The Fed has been a corrupt institution since Jekyll Island and will continue as long as we give them the power to do so. It's time to take the power back.



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reply posted on 12-12-2008 @ 12:24 PM by sos37


What's ridiculous is that $2 trillion is taxpayers' money! Of course we have a right to know where it's going, especially if we're the ones footing the bill for these incompetent bankers!



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reply posted on 12-12-2008 @ 12:28 PM by SLAYER69


I feel that the US tax payer just got mugged or rolled in a dark alley!

with everybody ontop thinking they smell like roses!

[edit on 12-12-2008 by SLAYER69]



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reply posted on 12-12-2008 @ 12:29 PM by j.bowen00


reply to post by sos37



of course its taxpayers money, the fed charges interest on the money it lends to the government, and our federal income taxes pay the fed for that interest... at least thats what i read... the fact that we are giving them any money in the first place is appalling.



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reply posted on 12-12-2008 @ 12:44 PM by pyrytyes


reply to post by SLAYER69




posted on 12-12-2008 at 12:28 PM

I feel that the US tax payer just got mugged or rolled in a dark alley!

with everybody ontop thinking they smell like roses!


Troubling to me is these whore-sons "on top" are still walking...WE should start at the top, lopping heads, to establish a working model...a business plan that says "WE'VE HAD IT!!!!!!!!!!"

Just my opinion..



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reply posted on 12-12-2008 @ 12:51 PM by marg6043


Today, in the news I could not help noticing two senators making comments to the way the bail out money has been use and misused.

But interesting that they seemed to be outraged but at the same time very concern on the way they were expressing themselves.

For the poster that say that he wonders to what the Fed have on our congress, I also have the same feeling that something doesn't feel right.

A congress afraid of the fed?

But should American citizens can afford to be scare of this corrupted entities behind the federal reserve?

I said we should not and we the people of the nation should go against the federal reserve and made them expose what they have been doing with our tax payer money.

But we all know that most of those 2 trillion dollars has gone to the pockets of the global elites that run the federal reserve.



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reply posted on 12-12-2008 @ 12:57 PM by cindy22761


reply to post by gravytrain



Everyone knew this was coming... Allowing the FED & banks to control us will be our final downfall!

When people begin to mass protest the government will implement martial law. They are eagerly waiting for us to do this so they can get on with their NWO plan of mass slavery & world domination.

Still no matter the consequences...The FED & banks, & our government needs to be destroyed immediately and we the people should rise up against this madness!!!



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