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Fed Has "Injected" $200B US Since August 9, 2007 - RF Cafe Forums
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Kirt Blattenberger
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Post subject: Fed Has "Injected" $200B US Since August 9, 2007
Posted: Thu Sep 06, 2007 5:12 pm
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Site Admin |
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Joined: Sun Aug 03, 2003 2:02 pm Posts: 878
Location: Erie, PA |
Greetings: This is utterly infuriating. Here today the Federal Reserve "injected"
another 30-something billion dollars in to the markets to prop them up. That makes a
total of $200 billion since August 9, 2007. If you read the stories like the one linked
below, it attempts to comfort us by saying that the funds used by the Fed are not really
tax dollars - directly. It does go on to say that what they are doing is buying up the
junk sub-prime mortgage bonds that nobody in his right mind would even consider buying.
This is money lost forever, so the "reserve" part of the Federal Reserve is that much
smaller now. What this represents is literally the federal government pouring
money into the pockets of bankers and traders as a reward for being willing to implement
the crappy policies it has set up. No matter what it says on paper, you and I are paying
for these bailouts. Our tax money IS being used to keep the fat cats in world banking
and financial trading in the black. It's an old boy system for sure, dreamed up and
promoted by snakes from both sides of the political aisle. But hey, it's been going
on for decades - anyone remember the S&L bailouts of the 1980s?
http://www.msnbc.msn.com/id/20218020/
_________________ - Kirt Blattenberger
RF Cafe Progenitor & Webmaster
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madengr
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Post subject:
Posted: Tue Sep 11, 2007 5:20 pm
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Joined: Fri Feb 02, 2007 5:22 pm Posts: 17
Location: Overland Park, KS |
I heard on the news this morning that the politicians are trying to re-write the rules
for Fannie Mae so it can re-finance all the sub-primes...at our tax $ expense of course.
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maxwell
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Post subject:
Posted: Wed Sep 19, 2007 9:15 am
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General |
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Joined: Mon Sep 01, 2003 6:59 pm Posts: 53
Location: Boston |
Here we go again. More Fed manipulation. Guess who's going to benefit from the rate
reduction? Yup, the same guys that just got billion$ dumped into their pockets by the
Fed. This is outrageous.
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Posted 11/12/2012
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Copyright: 1996 - 2024
Webmaster:
Kirt
Blattenberger,
BSEE - KB3UON
RF Cafe began life in 1996 as "RF Tools" in an AOL screen name web space totaling
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the time and bandwidth was a scarce commodity. Dial-up modems blazed along at 14.4 kbps
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Mail" when a new message arrived...
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All trademarks, copyrights, patents, and other rights of ownership to images
and text used on the RF Cafe website are hereby acknowledged.
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