MyProps.org - E-mail Link

Home

Public Channels

Channel Contents

E-mail Link

Share this Link by emailing it to friends and family. Or return to link.

Link Information

Title:

Bernanke's Wall Street Welfare

Description:

"I've spent a number of years working as a lawyer in the general area of housing finance, so I believe that I understand a bit about what's going on with the recent federal actions. And I don't like it. Hundreds of billions of our tax dollars have been put at risk by the recent actions of the Federal Reserve Bank under Ben Bernanke's leadership, and nobody seems to care how the decision is justified. 1. He offered to trade $200 billion in Federal Treasury Notes for God knows how much in sub-prime loans (and how could you know being that there's no market for them?) 2. He gave a $30 billion loan guarantee to JP Morgan in order to entice it to buy Bear Stearns. 3. He's opened up the Federal Reserves's 'Discount Lending Window' to investment banks, so that these private ...

E-mail Information

*To E-mails:
(seperate by commas)

Optional Message:

Verify Human Input

*Enter the code below:

Fields marked with an asterisk *are required.