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Octafish (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:17 PM Original message |
Wall Street Bailout: Tax-Payers' Tab is a Cool $9 Trillion |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:20 PM Response to Original message |
1. kick and Rec! n/t |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:10 PM Response to Reply #1 |
43. Thanks, Donnachaidh! Here's How It Works: ''The Bernank Who Stole Christmas'' |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:43 AM Response to Reply #43 |
55. yet another argument to promote the notion that a public starved for real news really |
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fascisthunter (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:23 PM Response to Original message |
2. $9 Trillion... but let's blame the poor people using social services |
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Cant trust em (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:30 PM Response to Original message |
3. Nice work, Mr. Sanders. nt |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:35 PM Response to Reply #3 |
69. Fed report lifts lid on Great Bank Heist of 2008-2009 |
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Poboy (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:31 PM Response to Original message |
4. recommended |
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TheWraith (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:36 PM Response to Original message |
5. Apparently, some people need to look up the word LENDING. |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:38 PM Response to Reply #5 |
7. You have the answers |
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PBS Poll-435 (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:41 PM Response to Reply #7 |
8. He is a start... |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:55 PM Response to Reply #8 |
9. Bankers are friends? |
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PBS Poll-435 (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 03:10 PM Response to Reply #9 |
12. It was a simple analogy to explain the dramatic accounting going on here... |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 03:20 PM Response to Reply #12 |
13. Gimme a dollar |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:13 PM Response to Reply #13 |
17. Well, no: the bankers paid it back |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 06:21 PM Response to Reply #17 |
22. Bullfuckingshit they don't use tax payers money! Whose money is it then grand wizard? |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:06 PM Response to Reply #22 |
24. Yes, exactly |
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SOS (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:35 PM Response to Reply #17 |
48. The bankers paid it back? |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:38 PM Response to Reply #48 |
51. You're talking about TARP and QE1. The OP isn't. |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:11 AM Response to Reply #51 |
56. Yes, and how much is QE2, which is going on now? 2 Trillion total. Not chump change |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 10:14 AM Response to Reply #56 |
62. Good! The dollar is too high as it is. |
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SOS (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 11:19 AM Response to Reply #51 |
66. The OP is talking about the Fed |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:10 PM Response to Reply #48 |
52. That deserves its own thread. |
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jmowreader (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:18 AM Response to Reply #8 |
58. Not quite... |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 11:08 AM Response to Reply #58 |
65. 0.02% of $9 trillion is $18 billion in use value that the NY Fed handed out. |
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SidDithers (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 08:13 AM Response to Reply #8 |
61. Do it every day for a year... |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:20 PM Response to Reply #5 |
25. Apparently, some people here need to learn how to read a balance sheet. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:31 PM Response to Reply #25 |
29. They weren't insolvent; they were illiquid |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:45 PM Response to Reply #29 |
37. They were and still are insolvent. |
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sendero (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:10 PM Response to Reply #29 |
53. The very fact.. |
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SOS (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:07 PM Response to Reply #29 |
68. Lehman insolvent says examiner |
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PBS Poll-435 (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:36 PM Response to Original message |
6. I hate it when I "fork-up" documents! |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 02:57 PM Response to Original message |
10. And that means your share is $30,000 |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:14 PM Response to Reply #10 |
19. How much taxpayer money did the Federal reserve receive in 2010? |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 06:16 PM Response to Reply #19 |
21. Are you a Fed employee? |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:22 PM Response to Reply #21 |
26. Right, clearly only a Fed employee would care about basing complaints on facts |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:37 PM Response to Reply #26 |
30. You're denying the consequences of raw money printing |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:40 PM Response to Reply #30 |
33. The "9 trillion" (*ahem*) didn't show up in M2 or MB |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:41 PM Response to Reply #26 |
34. Yes, you are definitely obfuscating. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:44 PM Response to Reply #34 |
36. How did it get it? |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:57 PM Response to Reply #36 |
39. Tell us the tale of Maiden Lane. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:59 PM Response to Reply #39 |
40. The Treasury bought AIG. The NY Fed extended the new holding company credit |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:08 PM Response to Reply #40 |
42. and who funds the treasury? |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:18 PM Response to Reply #42 |
44. I've already said AIG was an exceptional case and involved taxpayer money |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 06:22 PM Response to Reply #19 |
23. We have no idea how much they printed that will contribute to hyperinflation. They quit printing |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:30 PM Response to Reply #23 |
28. Actually we have a pretty good idea: about $50 billion total |
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leftstreet (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 03:09 PM Response to Original message |
11. K&R THANK GOD IT PASSED !!!111 |
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Kolesar (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 03:28 PM Response to Original message |
14. The "Federal Reserve" is not "the taxpayers" and we did not pay $9 Trillion |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:37 PM Response to Reply #14 |
31. The gullibility of the bankster apologists is astounding. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:47 PM Response to Reply #31 |
38. They did not print trillions of dollars |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:05 PM Response to Reply #38 |
41. They did print trillions. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:20 PM Response to Reply #41 |
45. Now you're mixing in the QE rounds, which is a different animal |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:37 PM Response to Reply #45 |
50. Money is fungible. |
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Kolesar (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:01 PM Response to Reply #31 |
67. Did you just call me a "bankster apologist"? eom |
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unblock (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:00 PM Response to Original message |
15. not this crap again. for those who missed it the first time, they counted the same dollar 250 times |
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madinmaryland (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:14 PM Response to Reply #15 |
20. Thanks. I was going to reply with nearly the same reply. This magically |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:20 AM Response to Reply #15 |
59. So the Fed has "only" printed 2 Trillion of so (QE1 and QE2) |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:28 PM Response to Reply #15 |
70. John Carney's the guy who foisted the meme the poor are responsible for the home loan crisis. |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:12 PM Response to Original message |
16. What do taxpayers have to do with that? |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:28 PM Response to Reply #16 |
27. Come on. Really? |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:38 PM Response to Reply #27 |
32. Oh God... the "fiat currency" wars again |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 07:43 PM Response to Reply #32 |
35. Clearly you're a lost cause. |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 04:14 PM Response to Original message |
18. Well, we had nothing better to do with the money except bailout out criminal capitalists...!!! |
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Nye Bevan (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:22 PM Response to Original message |
46. Why not claim that it's $9 Googol? |
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Cetacea (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:34 PM Response to Original message |
47. K&R |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:36 PM Response to Original message |
49. Threads like this are so much fun to read. n/t |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:38 AM Response to Original message |
54. K & R. FWIW The Federal Reserve has a copy of Pam Martens' testimony to the Fed in 1998 |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:18 AM Response to Original message |
57. k&r |
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Name removed (0 posts) Send PM | Profile | Ignore | Tue Dec-21-10 04:05 AM Response to Original message |
60. Deleted message |
WinkyDink (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 10:21 AM Response to Original message |
63. Cut Social Security! End Medicaid! |
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jtown1123 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:29 PM Response to Reply #63 |
71. Yes, because those are so costly and unaffordable. Wait... |
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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 10:44 AM Response to Original message |
64. The k |
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