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

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)

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)

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]