Secrets of the FED and world bankers

[Garry]

You should read this link. It looks like all of these guys are in bed with each other. No wonder there hasn't been any these guys taken into custody and charged with theft...the FED's are in on the game as well. I'm thinking that the American People (dopes!) have been led to the slaughter again and if the same guys that caused this debacle are still in charge, we are not out of the woods yet.

Wall Street Aristocracy Got $1.2 Trillion in Secret Loans - Businessweek

Garry

 

[theon]

A very interesting movie is Inside Job narrated by Matt Damon.

 

[Graham]

A very interesting movie is Inside Job narrated by Matt Damon.

A VERY good documentary. I would recommend that everyone watches it, although if you have high blood pressure I would take it in bite sized chunks as it made me very angry....

 

[Hellemans]

Very intresting artical, thanks for posting. It astonishing how those "bits" of information seem to be beyond the grasp of financial journalists!
So: "London-based Barclays Plc borrowed $64.9 billion and Frankfurt-based Deutsche Bank AG got $66 billion" explains why they did not require national bail-out when that came round!! Didn't they behave superior when the predicamant of their colleges was discussed.
As for: "Fed borrowings by Societe Generale, France’s second-biggest bank, peaked at $17.4 billion in May 2008, four months after the Paris-based lender announced a record 4.9 billion-euro ($7.2 billion) loss on unauthorized stock-index futures bets by former trader Jerome Kerviel" never mentioned in the french press and anycase how did they explain needing $17.4 billion when the trading loss was $7.2 billion. My banker would not pass that!!
Now my question is: How did Lehman Brothers go bust with such generous "loans" being available?
Did they just cummate too many Emron, Madoff, and other AAA rated colatiral that the FED finaly refused??

 

[Hellemans]

Well finaly Fannie Mae and Freddie Mac getting their act together:
http://www.nytimes.com/2011/09/02/business/us-is-set-to-sue-dozen-big-banks-over-mortgages.html?_r=1

How will they(we) get the undue bonusses back for the bankers..........??

If that's being dealt with were is the justice with the role of auditer and rating agencies some who still pull dream saleries for misleading and falls declarations......