The Seeing

The profound logic of a Deep Sheep

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Fed Grants $7.77 Trillion in Secret Bank Loan




» Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fails? Alex Jones' Infowars: There's a war on for your mind!

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"Few have the stomach to pursue truth , yet most know in their gut something is wrong" V

"But everyone knows the media doesn't inform. Duhhhhhh !! "

Hayek

It is really a lot more complex than just saying they made that loan. For one, the Fed is the lender of last resort. It also operates on the dual mandate set by Congress. Then there is the issue of information issues in making such loans hence the secrecy.

I believe that the Fed needs to be more transparent, but these loans were fulfilling their role. Now whether or not that role is a legitimate one is arguable, but there Congress is just as much to blame.

- V -

10 Things That Every American Should Know About The Federal Reserve

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"Few have the stomach to pursue truth , yet most know in their gut something is wrong" V

"But everyone knows the media doesn't inform. Duhhhhhh !! "

Hayek

That is a very misleading article. The Fed is not completely private, it is quasi-governmental. It is not inherently a perpetual debt machine (and the article ignores the deflation v. inflation issue). The lack of accountability is not inherent to a central bank and can be changed through reform. This article is too sensationalist and only gives one very biased and at times flatout wrong account of the Fed. I am not a big Fed supporter (although I do see the reason for its existence [and it is often a lot more sane than Congress]), but intellectual integrity should come first in these matters.

Just2Good

Yeah V!

Its quasi-governmental. Get your facts straight!

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"The fox knows many things, but the hedgehog knows one big thing."

~ Isaiah Berlin ~