So maybe the Fed did it to save itself too

Meaning, what if the reason the Fed covered up what banks among those “too big to fail” banks were getting money, was to cover their own behinds? They said they feared a rush on the banks that got the money from them if they told who they were. Ha. Then banks everywhere would be more hesitant to do the bidding of the Fed..

Secret Fed Loans Gave Banks $13 Billion – Bloomberg

“When you see the dollars the banks got, it’s hard to make the case these were successful institutions,” says Sherrod Brown, a Democratic Senator from Ohio who in 2010 introduced an unsuccessful bill to limit bank size. “This is an issue that can unite the Tea Party and Occupy Wall Street. There are lawmakers in both parties who would change their votes now.”

And we have Ron Paul to thank for getting that information..


One Response to “So maybe the Fed did it to save itself too”

  1. Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress (from Bloomberg) | euzicasa Says:

    […] So maybe the Fed did it to save itself too ( 33.940029 -118.128235 Rate this: Share this:EmailPrintTwitterFacebookDiggRedditStumbleUponLike this:LikeBe the first to like this post. This entry was posted in Uncategorized and tagged Bank of America, Ben Bernanke, Bloomberg LP, Bloomberg Markets, Federal Reserve System, Gary H. Stern, Jamie Dimon, Troubled Asset Relief Program. Bookmark the permalink. ← Waiting…For the Perfect Wave to Ride (My Photos – Huntington Beach Pier December 2011) […]

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