Investment firms borrow from Fed at fairly steady pace

Source: USA Today




Read more: http://www.usatoday.com/money/industries/banking/2008-05-15-fed-investment-banks-borrowing_N.htm

---

Compare billions in daily stimulus vs a one-time stimulus check for $300-2100. And, tell me or try to convince me, ONE more time, that the lowly subprime slacker is the cause of this financial mess.

Firms. Fuck the little guy, screw the man/woman/child who's really paying the tab. Just keep your eye on the ball and doling out money to the predator class.

While serving up a Heaping Plate of Nothing to American citizens.

Republicons. Ptooey.

Yummy!


No need for sarcasm smilie, surely....

The Fed is lending money to investment banks to invest in hedge funds, to prop up their balance sheets and to buy stocks to keep the stock market from collapsing while George Bush is still in office. This is a sinking ship and a fool and his money are soon parted.

The Fed is lending money to investment banks to invest in hedge funds, to prop up their balance sheets and to buy stocks to keep the stock market from collapsing while George Bush is still in office. This is a sinking ship and a fool and his money are soon parted.

:hi:

if the stimulus crap thing averages $1,000 per filing (rough guess) times something like 70 million filings (rough guess), that's $70 billion. that's around the same amount the investment banks are borrowing over the course of a month. so the number aren't quite as incomparable as they might seem.

more important, though, the stimulus check is not a loan. you don't have to pay it back. unlike the investment bank borrowings.


i'm not defending the policies in place; i would have prefered the government (presidency/congress/fed) have handled things differently. in particular, i think there should be a tax on companies that are eligible for this sort of government assistance. companies like bear stearns and jpmorganchase should have been paying into a bailout fund all along so the money's there to turn around and give them gifts when the public feels the need to shore up the industry. call it premiums on an economic disaster insurance policy.

A cursory scan to learn more about the Feds 'helping' Wall Street since Aug 2007, show the Feds injecting more than $100B in 2007.