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Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed

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posted on Apr, 24 2009 @ 11:24 AM
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Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed


www.bloomberg.com

The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and American International Group Inc. collapsed.

In its biggest disclosure of the securities accepted to stabilize capital markets, the Fed said yesterday it had unrealized losses of $9.6 billion on the assets as of Dec. 31.
(visit the link for the full news article)




posted on Apr, 24 2009 @ 11:24 AM
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so we only hear about this because the fed lost money! and since the fed Lost money on the deal they did on their own we U.S. taxpayers may be forced to reimburse the central bank through the Troubled Asset Relief Program.

hmmmm the Fed doesn't want us to know what their books say then they make money on their investments we don't hear about it and we don't get a penny of the profit. the Fed lose money we have to reimburse the Fed it's losses

make sense to you?

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



posted on Apr, 24 2009 @ 11:35 AM
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Its just a matter of time untill these people get what's coming to them

crime of the century if you ask me,yet i am not surprised

The whole damned gov should be kicked out for corruption and charged with treason.



[edit on 24-4-2009 by all2human]



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