Government

Guess Who Benefited Most from Fed‘s ’Discount’ Loan Program? Foreign Banks

So if I explained that the Federal Reserve has a “discount window” lending program, that works as its primary vehicle for providing cash to banks to help them avert a liquidity squeeze, who do you think benefited most from that program during the financial crisis? If you said U.S. banks, you’re wrong. If you said foreign banks, ding ding ding!

According to Bloomberg News, “The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record.”

Now isn’t that interesting. So who exactly are those foreign borrower? They include European, Chinese, and even Libyan-affiliated borrowers. Bloomberg explains:

Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion. [...]

Bank of Scotland Plc, which had $11 billion outstanding from the discount window on Oct. 29, 2008, was a unit of Edinburgh-based HBOS Plc, which announced its takeover by London-based Lloyds TSB Group Plc in September 2008. [...]

Other foreign discount-window borrowers on Oct. 29, 2008, included Societe Generale (GLE) SA, France’s second-biggest bank; and Norinchukin Bank, which finances and provides services to Japanese agricultural, fishing and forestry cooperatives. Paris- based Societe Generale borrowed $5 billion that day, and Tokyo- based Norinchukin borrowed $6 billion. [...]

Bank of China, the country’s oldest bank, was the second- largest borrower from the Fed’s discount window during a nine- day period in August 2007 as subprime-mortgage defaults first roiled broader markets. The Chinese bank’s New York branch borrowed $198 million on Aug. 17 of that month, while two Deutsche Bank AG divisions borrowed $1 billion each, according to a document released yesterday.

Arab Banking Corp., then 29 percent-owned by the Libyan central bank, used its New York branch to borrow at least $1.1 billion from the discount window in October 2008.

Thursday night, Fox News detailed the domestic borrowers:

“The American people are going to be outraged when they understand what has been going on,” Rep. Ron Paul (R-TX), chairman of the House subcommittee that oversees the Fed, told Bloomberg TV.

“What in the world are we doing thinking we can pass out tens of billions of dollars to banks that are overseas?” he added. “We have problems here at home with people not being able to pay their mortgages, and they’re losing their homes.”

The Fed and Chairman Ben Bernanke had fought for two years to keep the information secret, saying it could lead people to think some banks are weaker than they are. But the Fed eventually had to honor a Freedom of Information Act request.

Get all the details from Bloomberg.

Comments (193)

1 2 3 ... 5
  • brntout
    Posted on April 1, 2011 at 10:31am

    I think I better get the Mandarin version of Rosetta Stone on order.

    Report Post »  
    • psst
      Posted on April 1, 2011 at 10:39am

      Good idea.. But! Hurry,Hurry-chop-chop. they may sell out.

      Report Post »  
  • xpilotah1s
    Posted on April 1, 2011 at 10:29am

    Gee maybe this is released to public knowledge just to nudge more and more of us into hysteria and demand change…………………………..

    They gave away the actually money and kept the worthless crap here for all of us to pick over……

    No Trust here…………

    Report Post »  
  • markggg
    Posted on April 1, 2011 at 10:28am

    Nice to know Obama finished off the dollar for foreign Countries. I’m sure China appreciates the internal help Obama is giving them in killing America.

    Report Post » markggg  
  • cntrlfrk
    Posted on April 1, 2011 at 10:25am

    This pResidency is a turd sandwich.

    Report Post » cntrlfrk  
  • psst
    Posted on April 1, 2011 at 10:22am

    Geez. The Federal Reserve.Oh yeah!! that thingy that manufactures munny out of whole cloth.
    And yes. An important player in the coming soon to yer country, The NWO/OWG.
    In fact, this thingy was created to help accomplish the goals of the NWO.
    What!! ya thunk this NWO/OWG thingy is something kinda new, that mebbe has only been around for about 25 yrs or so when you hoid bOOsh 41 babbled about it?
    No siree Barry!! This thingy has been around /in the making for “Eons”.
    And their goal is now in sight.They have finally got a foreign marxist moslem installed as president of the US.
    What! ya thunk it was only the MSM that got Soetoro elected? El wrongo again. The real powers, masters in the shadows controls the MSM.
    Until we send in the military to get them (Fed Res) to physically open their books, they’re gonna keep making munny out of whole cloth.
    Ron Paul have been trying to get them to do so(open their books). So far. Nada.

    Report Post »  
    • BetterDays
      Posted on April 1, 2011 at 10:47am

      All true, but getting the “paper trail” to prove who really is the power begins all powers is frustrating, SHE is an open secret.

      Report Post »  
    • psst
      Posted on April 1, 2011 at 11:04am

      @Better.
      Sooner or later the truth will out.I may not even be alive by the time it finally does.
      I‘m hoping US will not all be slaves by the time the truth of this organization and it’s shadowy masters are revealed

      Report Post »  
    • MacWell
      Posted on April 1, 2011 at 10:37pm

      That would be wonderful my friend, but also magical, because there isn’t any (books) per-say, there is only a checkbook, which instantly makes money materialize out of thin air when the and guess who pays all of that magic money back?
      You guessed it, the good old suckers.
      Here’s how it works;
      Let’s say Congress needs an extra billion dollars today so it
      goes to the treasury and says “we want a billion dollars” and the treasury official
      says “you guys have got to be kidding, we don’t have any money here, you spent
      it all a long time ago, everything that we’ve taken in taxes you fellows have spent
      by March.“ Congress says ”we thought that was true but we thought we’d stop by
      just in case somebody sent some more in.” They get together and they go down
      the street and they get the idea that we’ll borrow the money.

      Report Post » MacWell  
  • roadhog
    Posted on April 1, 2011 at 10:21am

    Is Ben Bernanke a George Sorass man?

    Report Post »  
    • swigs
      Posted on April 1, 2011 at 7:16pm

      The way i see it Bernanke is the frontman cardboard cutout for the Fed Res. He takes his orders form the Franchise owners (Franchisors) made up of wealthy One World bankers. The US Central gov’t is the Franchise (franchisee). So are all the other G7 central gov’ts (franchisees). They make money policy among themselves and the Fed Res(Bernanke) coorindates the cash making sure the Franchisor gets theirs first.

      It’s a pretty sweet money making machine for the Franchisors.

      Report Post » swigs  
  • Ellbee
    Posted on April 1, 2011 at 10:20am

    The Donald is also perfect for ferreting out more crap and “stupid business practices”. Who better? I think he’d run the country like his business. I see him blowing the whistle on things we don’t know about. He knows what to look for.

    Report Post »  
  • liberalsarealiens
    Posted on April 1, 2011 at 10:18am

    Obama’s been hiding this for 2 years! 2 YEARS!!!!!! What else is this crook hiding? I’ll tell you, everything Glen Beck has been telling us! Why, WHY is all this not regestering with everyone in this country??? Sometimes I wonder if we will survive the next 2 years with these socialist bastards tearing us down at every angle! God help us, please!

    Report Post » liberalsarealiens  
  • xpilotah1s
    Posted on April 1, 2011 at 10:17am

    The weakest of our leaders are the strongest voices to be heard promoting the Progressive agenda or the new world order as they describe it…….

    Report Post »  
  • xpilotah1s
    Posted on April 1, 2011 at 10:16am

    Actually this plays well for the script of turning more people against the Goverment. I wonder who though this up ????????

    Report Post »  
  • JP4JOY
    Posted on April 1, 2011 at 10:14am

    Sure wish this were an April Fool’s Joke.

    It’s not!!

    Got some food, water, ideas for safe shelter if you live in an urban area? Not paranoid, just prepared.

    Report Post » JP4JOY  
  • Justa Citizen
    Posted on April 1, 2011 at 10:13am

    The President has some explaining to do. Why is He (the president) anti-American? I wonder if we will be able to understand his convoluted answer? Because I am sure it will not be direct nor forthcoming. Here’s an idea, let’s give Brazil 2 billion dollars and tell them to drill in the gulf and we will buy the oil? How about that… wait a minute didn’t he already do that????

    Report Post »  
    • swigs
      Posted on April 1, 2011 at 6:58pm

      He isn’t. In his own words his father was Kenyan. Beck said on many occasions look at the people Odumba surrounds himself with. Are they called what has traditionally been known to be American?

      The Dems have given us the Manchurian candidate and with the help of left-wing media political correctness they’ve duped a nation.

      Report Post » swigs  
  • TruthToTell
    Posted on April 1, 2011 at 10:12am

    America is being gutted from with in. No one could bring down America from outside, so the enemy has to buy our politicians either with money or blackmail . Guess who would be the easiest to blackmail. I think along with the financial problem, the people who are suppose to protect us is allowing foreign terrorist to sneak across our borders into America and a lot of them are positioning themselves around the country in strategic places to set off bombs and chaos in timing with the Iranian attack on Isreal… This will all happen simaltanously and coordinated to cause panic and confusion … and then America will finally be brought to her knees.. Treason is the name of the game from these people….Arest them all

    Report Post »  
    • HistoryStudent
      Posted on April 1, 2011 at 10:54am

      Empires are rarely defeated by outside forces. Over extending the army, lack of funding, and internal corruption are the usual culprits in an empire’s downfall. The writing is on the wall.

      Report Post »  
  • xpilotah1s
    Posted on April 1, 2011 at 10:12am

    There is NO HONOR among political theives…….

    Petty theives have some honor………….

    Report Post »  
  • mill
    Posted on April 1, 2011 at 10:11am

    Say what you will….Donald Trump would be on my “vote for” list.

    Honesty, no matter how blatant IS WELCOME. He doesn’t waltz around the truth, no matter how ugly.
    .
    ALSO…. I am tired of O’Reiley making fun of Trump.

    Report Post »  
    • Leslie_Benedict
      Posted on April 1, 2011 at 10:31am

      BOR only had Trump on because Trump is making BIG news with his gutsy approach to the BC, China and other issues. Trump is not threatened by this “Chicago-way” administration.
      BOR is an Obammie water carrying joke. He’s as irrelevant as Tokyo Rove.

      Bless Glenn for having the spine to cover the Fed – please give this story lots of exposure!

      Report Post » Leslie_Benedict  
    • psst
      Posted on April 1, 2011 at 10:36am

      Babling billO is a closet Soetoro admirer. don’t be fool that he sometimes lightly knocks him. that’s all for show.
      If he had only grilled his boy Barry Soetoro like he did Trump last night and Bachmann a few weeks ago, he’d have more credibility.
      Now he’s trying to raise funds peddling Soetoro (copied signature) on his notes on their Superbowl love fest(aka interview) Although, it’s for an excellent cause
      One viewer told him she would send the donation but she wanted nothing w/ Soetero’s signature.Good for her..

      Report Post »  
    • felina g
      Posted on April 1, 2011 at 11:14am

      Exacto Mundo PSST !

      Judge Napolitano is on in that time spot on the Fox Business Channel.

      Report Post »  
    • donh2
      Posted on April 1, 2011 at 11:48am

      Beck’s treatment of Trump today was DISGUSTING ! Beck has been a big fat COWARD when it comes to the secrecy of Obama’s identity. If . Trump has taken on a number of do not call list topics that interest good Americans. His comments on the Ground Zero Mosque are tougher than anything I have heard Fox heads say. Trump is facing the issue of bad trade deals with Asia…another topic non gratta with faux FOX conservatives. He is a man who will tackle the dark side of globalism, the tentacles of foreign interests manipulating this country. Attack Trump at your own peril Mr Beck, because it is seen as self serving damage control on issues you failed us.

      Report Post »  
    • sbenard
      Posted on April 1, 2011 at 1:38pm

      Donald Trump endorsed Barack Obama for President in 2008. That tells me all I want to know about Trump’s integrity to any principles, and the poverty of his judgment. He’s a RINO without any commitment to the Constitution or to any principles. He’s also too arrogant to be president. Don’t be deceived by his complete volte-face. It was not long ago that he was a progressive, and now he tries to paint himself as a new-found conservative. He’s NOT, and he never was!

      Report Post » sbenard  
  • Okieflyover
    Posted on April 1, 2011 at 10:10am

    Most transparent administration ever. Yep

    It sure looks like this money for TARP and the bailout are in our baseline budget now.

    Report Post »  
  • WKRP_in_Cincy
    Posted on April 1, 2011 at 10:10am

    Everyone of these feculent turds should be in prison. I’d even attend their executions. Bastards one and all.

    Report Post » WKRP_in_Cincy  
  • starman70
    Posted on April 1, 2011 at 10:08am

    OMG!!!!! Americans are in welfare lines, getting food from food banks, endlessly searching for jobs which aren’t there and losing their homes. What the hell are we doing lending money to FOREIGN BANKS? THIS IS AN OUTRAGE!!!!!! Americans had better wake up in 2012 and clean house from the White House all the way down to the state houses in every state. If we don’t, this country is history.

    Report Post »  
  • vahunters
    Posted on April 1, 2011 at 10:08am

    This is only the tip of the corrupt Fed iceberg. In 2012 the Fed will implode our economy once the Fed audit really begins and our nation will suffer the worst economic crash in our history. We will not see the audit documents because even our military acknowledges that an economic crash is our gravest concern and more dire than an external war with Russia or China. Take this issue very seriously.Think stone age here folks. Prepare food storage, guns and ammo and medical items. Its going to be a very bumpy ride.
    Even naysayers will be left destitute if their net woirth is tied up in Fed paper funny money as the markets will crash and all the paper money ponzi scheme will be revealed for what it really is. Prepare your finances for the collapse. Obviously the Fed will inflate the market before the crash so do not be fooled by rising Dow-know when to cash out.
    This is all planned to destroy our economy and promote world currency – world central govt.
    This is not conspiracy talk take heed. The Globalists have announced their plan and are moving it forward. You have been warned.

    Report Post »  
    • ds7
      Posted on April 1, 2011 at 11:01am

      i’m afraid you are correct…and people are so used to the way things are and have always been and they can’t even comprehend how devastating the coming crash is going to be.

      cloward and piven strategy in action…

      Report Post » ds7  
    • NOKOOLAIDDRINKER
      Posted on April 1, 2011 at 12:02pm

      Ditto!!! I’ve convinced my husband about food and ammo storage, but can’t get him on board about physically holding gold and silver. He doesn‘t think it’s safe. I’m still working on him, but he works in the financilal industry so he’s hard to convince.

      I feel really sorry for all our fellow Americans, who won’t listen. The shock alone is going to kill most of them. GOD, HEAR OUR PRAYERS AND OPEN THEIR EYES AND EARS!!!

      Report Post »  
    • vahunters
      Posted on April 1, 2011 at 2:32pm

      I am totally serious about this- make sure you plant a good sized garden this year with heirloom seeds. If you can’t find them seek out the country farmer stores for seeds. Save the seeds from the crop, learn to can foods, stock up on medicines.
      The media falsely announces that commodities are going up in price due to other nations “demand”. That is pure horse squeeze and the true fact is that our dollar is worth less and less which is causing the price increases due to corrupt evil Fed fiscal destruction. Oil prices are increasing due to the fact that oil is traded in dollars, for now, and dollar continues to slide.
      Once dollar crashes and is no longer world reserve currency- look out.
      Watch the markets and don’t get fooled as the market mysteriously “climbs” for no good reasons and during times as inflation increases,high unemployment, rising oil, prices. Don’t get punch drunk on the market climb and cash out before they “Fed syndicate” does. If you are hoarding gold and silver watch the prices they will cash that out as well and bring prices right back down. Its a game you cannot and are not part of the syndicate to “win”. Stay awake

      Report Post »  
  • Gonzo
    Posted on April 1, 2011 at 10:08am

    Proof enough that Obama believes in a world without borders.

    Report Post » Gonzo  
    • Thunderstorm 316
      Posted on April 1, 2011 at 10:55am

      Last time I hread that was on Ace Combat Zero The Belkan War, “ A World With No Borders”, and I thought it was just a game at one time, it’s not anymore. I wounder if Sore-ass is working on V-2?

      Report Post »  
  • TruthToTell
    Posted on April 1, 2011 at 10:08am

    Amer

    Report Post »  
  • AFreeManInTexas
    Posted on April 1, 2011 at 10:06am

    Maybe Beck will cover this, will not see on the other media outlets, now we will might see what the power players do not want us to know.

    Report Post »  
    • BetterDays
      Posted on April 1, 2011 at 1:20pm

      Hold you breath, Cnbc….No coverage…..Abc….no coverage…….MSNBC….No coverage………..Oh we are so shocked……..No coverage.

      Report Post »  
  • Thunderstorm 316
    Posted on April 1, 2011 at 10:06am

    Oh ya baby! Let’s spread that welth to anybody but our rebuplic, if my congressmen does vote on compromise for the upcoming budget battle I’ll vote him out! THIS IS WORNG!

    Report Post »  
  • MYTXTREGISTER.COM
    Posted on April 1, 2011 at 10:03am

    This is outrageous, but not suprising, Beck was telling us all along.

    ======================================
    Help get our country’s financial house in order by starting with your own house http://mytxtregister.com

    Report Post » MYTXTREGISTER.COM  
    • TheBMT
      Posted on April 1, 2011 at 10:18am

      I appreciate Beck’s willingness to discuss the Federal Reserve. Most people don’t want to talk about it. This has been been brewing since the 2008 election with Ron Paul. He had a bill to Audit the Fed have over 320 co-sponsors(3/4 and a heck alot more then obamacare did… in a democrat controlled house).

      People are waking up to the lies of the central banking. The prices are only going up in this country due to inflation… made exclusively by our fiat currency.

      Report Post »  
    • felina g
      Posted on April 1, 2011 at 11:50am

      “Mutually Assured Destruction” ????

      Beck is the only one who nailed it.

      Report Post »  
  • cntrlfrk
    Posted on April 1, 2011 at 10:02am

    “”“The American people are going to be outraged…”"”

    I doubt it.

    They will never hear about it.

    Don’t you know who the President is? That would be racist.

    .

    Report Post » cntrlfrk  
    • Run Silent
      Posted on April 1, 2011 at 10:03am

      Donald Trump.

      Report Post » Run Silent  
    • Gold Coin & Economic News
      Posted on April 1, 2011 at 10:04am

      Okay, I’m wrapping duct tape around my head because it is about to explode. What I can’t figure out is how the entire system has not collapsed by this point. How are we even able to stay afloat? Does it get any more screwy than this?

      Report Post » Gold Coin & Economic News  
    • AFreeManInTexas
      Posted on April 1, 2011 at 10:07am

      Then I’ll be branded a racist, from the highest mountain, shout the truth and not be afraid

      Report Post »  
    • Tusker
      Posted on April 1, 2011 at 10:09am

      Gold & Coin, I caught myself thinking this morning, It must just be a terrible hoax that the US is broke, I mean, really, how can it be that we’re broke? We can print more money and continue to spend like crazy! Hey, lets spend 600K on a cement frog! I know it was a bad dream but what if it was all a hoax…… let’s just give it all away.

      Report Post » Tusker  
    • TermLimits4All
      Posted on April 1, 2011 at 10:15am

      Ron Paul has said we need to at least audit the Federal Reserve if we can’t eliminate it entirely. I couldn’t agree more.

      Report Post »  
    • Rogue
      Posted on April 1, 2011 at 10:18am

      So, we borrow money from China to pay our bills. Then we loan the money back to them at a lower interest rate. Soon we will borrow the same money right back at a higher interest rate again. What a scam! Time for the Fed to open ALL the books and see how utterly corrupt they really are.. or exactly how stupid.

      Report Post » Rogue  
    • felina g
      Posted on April 1, 2011 at 10:20am

      Constitutional crisis.

      Report Post »  
    • felina g
      Posted on April 1, 2011 at 10:39am

      More graft coming to the light of day.

      http://washingtonexaminer.com/blogs/beltway-confidential/2011/03/uncovered-new-2-billion-bailout-obamacare

      Report Post »  
    • Strictlybusiness
      Posted on April 1, 2011 at 11:24am

      @ watchtheotherhand

      It is TRUE ! ! ! Without revealing more than is required here, watchtheotherhand is correct……”SOMETHING TRUELY WICKED, THIS WAY COMES”

      Report Post » Strictlybusiness  
    • Sgt.Crust
      Posted on April 1, 2011 at 11:30am

      End the illegal Fed!!!!!!!!!!!!!!!!!!!!!!

      Report Post »  
    • conservativemom99
      Posted on April 1, 2011 at 11:30am

      cntrlfk: that was my EXACT thought when I read the headline…

      Report Post » conservativemom99  
    • snidley-whiplash
      Posted on April 1, 2011 at 11:40am

      If I have the date right…..the fed reserve was an act of congress in 1913…………now if we had a not so
      spineless congress we could undo it today.
      Just like no balls soth John Boehner, oh we don’t want a shut down we want to fix the blah,blah,blah
      Shut it down and get rid of the fed………………America survived for 137 years before the FR existed.

      Report Post » snidley-whiplash  
    • watchtheotherhand
      Posted on April 1, 2011 at 12:03pm

      Since America was founded central banks (foreign in nature) have tried to gain control. The first 2 were ended the 3rd time was a charm and exists to this day. It will never be abolished or investigated because it is the bastard cousin of a corrupt federal government that lets the FED do a lot of its dirty work. It is the purveyor of the largest HIDDEN tax on the American public typically referred to as inflation. What your dollar was worth 30 years ago and what it is worth now is a huge joke and should make everyone very angry. They trade the value of your money for increased purchasing power for them at an unending pace. That is the sting of fractional banking. It is a debtors economy that continues to decrease the value of the currency so that those who control it the FED and Government have increased purchasing power and wealth while the rest of us continue to supply them with greater and greater amounts of our own wealth and labor. There is never an end to it just a burn out of the economy kind of like stars. They burn bright and hot for a while then increase for a short time before they finally exhaust all their material. It is happening as we speak. It is currently estimated that the banks that the Rothschild family own or have controlling interest in may control half of the world’s wealth already. Bill Gates and Warren Buffet couldn’t begin to approach the wealth of these people !!!!!!

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • restorehope
      Posted on April 1, 2011 at 12:13pm

      Bernanke is way past his expiration date. A lot of questionable practices have been under his watch, so this latest one is not surprising. His job should have a term limit to avoid disasters like this. His ideologies come into play when he makes decisions as he is beholden to whomever the current president may be.

      Report Post »  
    • G.W. Dobbs
      Posted on April 1, 2011 at 12:14pm

      What’s new? We are so conditioned to think in terms of ONE WORLD GOVERNMENT that when
      other Countries are the recipient of OUR goods/services/benefits we think nothing of it. And Congress,
      having been BOUGHT OFF (Vatican Bank Accounts with all funds coming from the US Treasury…DO THE RESEARCH YOURSELF) does nothing but smile. Americans are SICK of how we are treated and the Tea Parties are just the beginning.

      Report Post »  
    • Cerealface
      Posted on April 1, 2011 at 12:21pm

      How does America export goods when the World can’t buy them?
      If the World has money, we may sell to get that money.
      If the World doesn’t have money, we can’t sell anything.
      Wondering when you idiots get it.

      Cerealface  
    • francesp44
      Posted on April 1, 2011 at 12:40pm

      Can we give President Obama ‘The Big Middle Finger?” Fast forward this video to 7:55 to hear an original song that I think says what most of want to do to Obama. :) It is not written about him but it fits…..
      http://www.youtube.com/watch?v=jHeGOBqy4W4

      Report Post » francesp44  
    • swigs
      Posted on April 1, 2011 at 1:02pm

      @Gold Coin
      “What I can’t figure out is how the entire system has not collapsed by this point.”

      The reason it hasn‘t collapsed is because the collateral used for all this debt we’re selling is the US land, resources and future tax revenues of it’s citizens and citizens yet to be born. That’s the reason the Dems are pushing for higher taxes and threatening to shut down the Fed.

      Report Post » swigs  
    • colonial10
      Posted on April 1, 2011 at 1:37pm

      The question is which individuals benefited from these loans. What politicians benefited?

      Report Post » colonial10  
    • ottodiedacktick
      Posted on April 1, 2011 at 2:42pm

      @CEREALFACE:

      No, we don’t get it. I, for one, am too stupid to get it. Please educate me oh wise and superior one.

      Report Post »  
    • watchtheotherhand
      Posted on April 1, 2011 at 2:44pm

      I know CEREALFACE cannot be that stupid !!!! So I am left assuming he is an extreme ideologue that loves to spread false premises as long as they support his agenda. Talk a bout a true class act he threw in a self promoting and aggrandizing ad hominem comment to boot. Way to go I am sure the left loves to have you among their ranks !!!

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • 101
      Posted on April 1, 2011 at 3:29pm

      .
      The Federal Reserve is a PONZI SCHEME…Ron Paul has been trying to expose this for years!

      Report Post »  
    • libertybella58
      Posted on April 1, 2011 at 3:49pm

      I wonder if any of those loans to somebody bad turned into campaign contributions? No, that could never happen. If it could, then the government would have to cover it up with a war or something.

      Report Post » libertybella58  
    • watchtheotherhand
      Posted on April 1, 2011 at 4:23pm

      War !!!!!!!!!!!! These banks and their cartel are heavily involved in getting most wars and conflicts started. They love world instability and chaos and have engineered much of what goes on thorugh their political connections and puppets. The old saying….”you want to get to the bottom of it? Then follow the money.”

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • watchtheotherhand
      Posted on April 1, 2011 at 4:26pm

      You want a quick eye opener of how the Fed Reserve works to rip you off?????

      http://www.youtube.com/watch?v=VBRZYrblZ24

      Report Post » SLEAZYHIPPOs ILLEGITIMATE OFFSPRING  
    • ottodiedacktick
      Posted on April 1, 2011 at 4:46pm

      The North American Union is supposed to be connected, in part, by the TransTexasCorridor.

      The Federal Reserve made loans to Madrid-based Banco Santander SA at its discount window.

      Banco Santander is linked to the Spanish Firm: Cintra Concesiones de Infraestructuras de Transporte, S.A.

      Cintra is responsible for collecting tolls on the TransTexas Corridor.

      The tax payer pays for the loan to the bank, the bank is connected to the toll company, the tax payer has to pay the toll company for use of the TransTexas Corridor.

      The TransTexas Corridor will be owned by a foreign company; Rudy Giuliani’s consulting firm is representing and lobbying for both foreign companies.

      It’s really not a bad deal if you can get it. The taxpayer gets stuck paying the bill. Again.

      +++++++++++++++++++++++++++++++++++++

      Banks with headquarters outside the U.S. were among the first to begin using the facility in December 2007 and were also among its heaviest borrowers.
      These included the U.S. affiliates of banks such as Manama, Bahrain-based Arab Banking Corp., Madrid-based Banco Santander SA, and Paris-based Societe Generale SA. Beginning on June 18, 2009, Barclays Bank Plc had two loans totaling $23.45 billion outstanding.

      http://www.benzworld.org/forums/off-topic/1557402-foreign-banks-tap-fed-taf.html

      The list of companies that spent tour days analyzing their business options in Texas includes construction and infrastructure companies such as ACS, FCC, Acciona, Ferrovial, OHL, Sacyr Vallehermoso, Azvi and Elsamex; technology firms such as Abengoa, Elecnor, Indra and Soluziona; railroad manufacturer CAF, and Banco
      Santander…

      http://www.themanufacturer.com/us/content/5331/Is_Texas_the_New_El_Dorado_of_Spanish_Companies%3F

      Bracewell & Giuliani’s Cintra Concesiones de Infraestructuras de Transporte, S.A., a Spanish transportation company (lobbied for Privatization of Toll Road in Texas)

      Bracewell & Giuliani’s Banco Santander Central Hispano, S.A. (SAN.MC, STD.N) (a bank that traded with a blacklisted Iranian Bank)

      http://www.freerepublic.com/focus/news/1922120/posts

      Report Post »  
    • Koolaiders
      Posted on April 1, 2011 at 5:05pm

      Bush lent them the $$$$$$$, not Obama.

      Yes, your beloved BUSH!!! Howya gonna explain that, you far right wing tea party’ers?

      Report Post » Select Palin for GOP 2012 to Reelect Obama!  
    • Sr Newk
      Posted on April 1, 2011 at 5:25pm

      Lord help us all! When you look at the qualifications of the additioanal board members, know I now why they keep saying, will just print more money. Info is shown below just pick the name.

      http://www.federalreserve.gov/aboutthefed/bios/board/bernanke.htm

      Report Post » Sr Newk  
    • Live_Free_orDie
      Posted on April 1, 2011 at 5:30pm

      It’s too late for Gold and Silver….invest in Copper and Brass for the long term!!

      Report Post » Live_Free_orDie  
    • Live_Free_orDie
      Posted on April 1, 2011 at 7:21pm

      101
      Posted on April 1, 2011 at 6:54pm
      .
      @Live_Free_orDie
      It’s not too late to invest in SILVER, silver will clear $50 an oz by the end of this year and next year grab hold of the horns because as the dollars and foreign currency further decline, it will be just the beginning of the bull run on GOLD & SILVER. Really well with my Copper and Brass and I can take your Gold and Silver…don’t tell anyone!

      Report Post » Live_Free_orDie  
    • techengineer11
      Posted on April 1, 2011 at 8:21pm

      Shut them Down Now! They’ve been in business about 100 years too long!!!

      Report Post » techengineer11  
    • *************************
      Posted on April 1, 2011 at 10:58pm

      Get out of paper money, America! That ponzi scheme is coming to it’s end (like it always has throughout history) and all your paper (wherever is it – wallet, purse, home, bank, invested, overseas) will be worth NOTHING. Convert to the only currency that has NEVER FAILED … gold and silver! DO NOT sell your gold and silver jewelry or other household items — those are your only TRUE WEALTH that you’ve work your life to accumulate.

      Here’s a nice little Glenn Beck video segment addressing this whole problem:
      “Glenn Beck Explains GOLD SAFETY! :: OBAMA INSANITY Collapsing USA, ReBOOT As COMMUNIST DICTATORSHIP!”
      http://www.youtube.com/watch?v=4y03b4kHais

      “Unfortunately there is one thing standing between me and that property: the rightful owners. -Hedley Lamarr, Blazing Saddles

      Report Post » WeDontNeedNoStinkinBadges  
    • jackrorabbit
      Posted on April 1, 2011 at 11:13pm

      The only reason that we are still afloat is that the rest of the world is in worse shape than we are, or they wouldn’t have been coming to our “freebie” window. AUDIT THE FED NOW!!!

      Report Post »  
    • 101
      Posted on April 2, 2011 at 12:55am

      @Live_Free_orDie
      They deleted my post. You know why? because it was the F-in truth…gotta luv the censorship on Glenn’s site “The Blaze” fair and unbalanced.

      I have nothing but praise for Glenn & what he’s doing, yet he hires a bunch of reclusive liberals moderators…GLENN TAKE A GOOD LOOK AT WHO’S MINDING THE STORE!

      Report Post »  
    • 101
      Posted on April 2, 2011 at 12:57am

      @Live_Free_orDie

      Dude, they deleted my post. You know why? because it was the F-in truth…gotta luv the censorship on Glenn’s site “The Blaze” fair and unbalanced.

      I have nothing But praise for Glenn & what he’s doing, yet he hires a bunch of reclusive liberals moderators…GLENN TAKE A GOOD LOOK AT YOUR HIRED LEFT MINDED MODERATORS!

      Report Post »  
    • Jackers
      Posted on April 2, 2011 at 7:29am

      No wonder Ben Bernanke fought so hard to keep this a secret… Lending billions of OUR dollars to foreign banks while OUR people suffer unemployment and financial ruin here in America… What is wrong with this picture?

      Report Post » Jackers  
    • oldoldtimer
      Posted on April 2, 2011 at 9:45am

      The Fed is the world bank financed by American wealth.

      Report Post »  
    • Live_Free_orDie
      Posted on April 2, 2011 at 1:39pm

      Wow 101…why would they do that…doesn’t make sense

      Report Post » Live_Free_orDie  
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