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- Bernanke will you tell American people to whom Fed Res lent $2.2 trillion of their dollars?
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| Gujarat International Finance Tec-City (GIFT) Posted: 07 Sep 2010 07:11 AM PDT 
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| Bernanke will you tell American people to whom Fed Res lent $2.2 trillion of their dollars? Posted: 07 Sep 2010 07:11 AM PDT 
March 3, 2009 Senate Budget Committee Sanders (I-VT) Bernanke Chairman Federal Reserve In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who usually votes with the Democrats, said he found it “unacceptable” that the central bank risked taxpayer money without detailing where the funds went. “My question to you is, will you tell the American people to whom you lent .2 trillion of their dollars?” Sanders asked, referring to the size of the Fed’s balance sheet. Bernanke responded that the Fed explains the various lending programs on its website, and details the terms and collateral requirements. When Sanders pressed on whether he would name the firms that borrowed from the Fed, the central bank chairman replied, “No,” and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank. “Isn’t that too bad,” Sanders interrupted, cutting off Bernanke’s answer. “They took the money but they don’t want to be public about the fact that they received it.” He said businesses in his state were in trouble and needed loans, but were not permitted to borrow from the Fed. “Do you have to be a large, greedy, reckless financial institution to apply for this money?” he asked. Bernanke said the Fed’s lending programs were not gifts or subsidies but rather over-collateralized loans. He said the law restricted the types of firms to which the central bank can lend. “We have never … |
| How do I add shipping insurance on ebay? Posted: 07 Sep 2010 02:37 AM PDT  I am selling some things on ebay but when I try to sell them either with optional shipping insurance or insurance that’s included in the S&H, I have no idea how. Please help. Thanks. |
| Posted: 06 Sep 2010 02:25 PM PDT 
stand-up comedian Jasper Carrot…lmao……… |
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