bailouts

investorzzo's picture
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Fed made $9 trillion in emergency overnight loans

Did anyone see Bernakee on 60 minutes Sunday, he was literally shaking. Here is one reason why.

NEW YORK (CNNMoney.com) -- The Federal Reserve made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis, according to newly revealed data released Wednesday.

The loans were made through a special loan program set up by the Fed in the wake of the Bear Stearns collapse in March 2008 to keep the nation's bond markets trading normally.

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Goldman reveals where bailout cash went

Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.

http://www.usatoday.com/money/industries/banking/2010-07-24-goldman-bail...

saxplayer00o1's picture
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Freddie Mac

Check out the last two paragraphs on this one:Sealed

Link

"Fannie Mae, the largest U.S. mortgage-finance company, has posted $120.5 billion in net losses in the nine quarters ended in September and requested $59.9 billion in Treasury aid.

Housing Prices

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An insider’s view of the real estate train wreck

No one has been more right on the housing market in recent years. So, what’s coming next? Some of the housing numbers in the last few months look a little less ugly. Could housing be getting ready to get well?

MILLER: I don’t think so.

JAG's picture
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How Do We Stop The Next Round of Bailouts?

It seems extremely likely that as the current stimulus wears-off, and economic and market realities begin to take hold again, that another round of bailouts/stimulus will be forced upon the American taxpayer. Does anyone have any ideas on how we might stop this from occurring? Thanks in advanced....Jeff

xraymike79's picture
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MORON Capitalism

Moron capitalism
By Julian Delasantellis 9-2-2009

investorzzo's picture
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Bernanke talks about the Fed, history

Sure is defensive on the issue of Auditing the Fed. Parts 1 threw 6. Part 3, is about the audit. This was certainly a better interview than 60 minutes ever did.

http://www.pbs.org/newshour/video/share.html?s=news01pa98