Are Federal Reserve screwing up?

Are Federal Reserve screwing up?

By Gerald: Internet Anthropologist Think Tank

Nov  10,08

I've already stated the Federal Reserve was incompentent.

They have loaned out almost $2 trillion dollars.

$2,000,000,000,000.00 to Banks.

BANK HOLDING COMPANIES.

And the banks still are not lending money, the banks don't really

know what they have, as I understand it : Money Markets are not being 

marked to the Market. Which is illegal, and counter-capitalism.

And I assume the Fed is working 24/7 to get sub-prime paper and deratives out

of the money markets.

And the FED doesen't want to tell anyone to whom they loaned it, not Congress

or the Press.

Question is would disclosing the banks weaken confidence?

Does not disclosing them weaken confidence?

American Express just qualified as a bank holding company?

So they qualify for a fed bail out, circumventing the Congress and

using taxpayer money.

And we have GM asking for a bailout.

Clinton got the big 3 auto companies together and formed a partnership with the 

Government to produce a family auto that got 80 miles to the Gallon.

Correct me in comments if I'm wrong.

Well the big 3 just played a game with Clinton.

But the Japanese were not invited to the White house partnership.

And were very scared, and dumped a lot of money into research.

And came up with greatly improved gas milage,

and the big 3 have been playing catch up ever since with

the Japanese. And the market shares show this.

I wouldn't mind a bailout for auto so much

if they hadn't screwed up so big.

Maybe GM will change to a bank holding co.?

What ever, the tax payer needs to be getting a huge

equity stake in all the corporations they bail out.

And put into Social Security etc.

Money back to the Tax payer, we are taking the risk.

NOT paid back to the Government.

It should be use to repay Government loans to the Social Security System,

for example.

If the taxpayer doesn't end up with a huge

equity share in these corps then the tax payer 

got SCREWED by Congress and the Lobbyiest AGAIN.

Gerald

Series 7 and 13

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