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BIS: Fed's Response was Equal to Crisis

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posted on Apr, 29 2009 @ 09:26 PM
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Fed Fights a Record Global Bank Run


data just released by the Bank for International Settlements suggest that, if anything, the expansionary measures taken by the Fed (and in concert with the Treasury Department) were dwarfed by the record contraction in the global banking system brought on by the crisis.

Please visit the link provided for the complete story.


In other words, there never was a global run on the banking system such as the one seen in the final three months of 2008, which followed the bankruptcy of Lehman Brothers and the near-collapse of American International Group (ticker: AIG) in September. The numbers serve to confirm the extent of the tsunami that swept through the world's financial system.

As the balance sheets of the global banking system threatened to shrink like a dying star and create an economic black hole that could suck in the world's economy, central banks and treasuries around the world responded in kind.

Please visit the link provided for the complete story.




posted on Apr, 29 2009 @ 09:30 PM
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I don't intend to defend the Federal Reserve as it's highly contentious but as we're beginning to learn more about the initial period of this crisis. It would appear the Fed's actions were responsive to the problem.
The numbers are pretty alarming- if I was Berstanke I'd probably have a few ulcers by now.



posted on May, 7 2009 @ 10:55 AM
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reply to post by Moonsouljah
 



today, actually this morning, Bernanke was giving us all a little more
detail about how is Institutionalizing the fraud/greed and
loose standards of the top 10% of all corprations executive class

who are being handed the reigns, to continue exploiting the quickly
vanishing middle-class & working poor all over the globe.



imho... the blue coller worker vs the elite executive class
has been turned completely upsidedown...

the blue coller workers are no longer the backbone of an economy,
they are expendable resources for the high-&-mighty manipulators...
the elites now have a full spectrum of 'derivatives' and other exotic financial instruments to 'market' amonst themselves...
All it took was the complete bailout, in the dozens of Trillion$ of dollars,
to accomplish the paradigm change.


mothers & fathers, tell your sons & daughters to become MBAs
or CPAs, or anything Financial or Politically oriented...

as even Doctors, Astronauts, Policemen, factory workers, service or technical industry workers are destined to be a hand-to-mouth
subsistance livelihood in Amerika from here on out.



posted on May, 7 2009 @ 11:41 AM
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Originally posted by St Udio
reply to post by Moonsouljah
 



today, actually this morning, Bernanke was giving us all a little more
detail about how is Institutionalizing the fraud/greed and
loose standards of the top 10% of all corprations executive class

who are being handed the reigns, to continue exploiting the quickly
vanishing middle-class & working poor all over the globe.



imho... the blue coller worker vs the elite executive class
has been turned completely upsidedown...

the blue coller workers are no longer the backbone of an economy,
they are expendable resources for the high-&-mighty manipulators...
the elites now have a full spectrum of 'derivatives' and other exotic financial instruments to 'market' amonst themselves...
All it took was the complete bailout, in the dozens of Trillion$ of dollars,
to accomplish the paradigm change.


mothers & fathers, tell your sons & daughters to become MBAs
or CPAs, or anything Financial or Politically oriented...

as even Doctors, Astronauts, Policemen, factory workers, service or technical industry workers are destined to be a hand-to-mouth
subsistance livelihood in Amerika from here on out.


YUP let's hand it to the FED......they sure do know how to throw everything and the kitchen sink at a problem (when the elite's are suffering) at the expense of the taxpayers.........too bad......these green shoots.......are fertilized by dead cat bounces and BULL S.

The economy and financial industry was not brought back to normal .......they are NOW LITERALLY DEPENDENT ON CONTINOUS FED. RESERVE alphabet soup "temporary" LENDING FACILITY's to sustain a illusion of Functionality........and this is not fooling most people



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