Wednesday, December 1, 2010

Fed to Name Recipients of $3.3 Trillion in Aid During Crisis

The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression.
The Fed intends to post the data on its website at midday in Washington to comply with a provision in July’s Dodd-Frank law overhauling financial regulation. The information spans six loan programs as well as currency swaps with other central banks, purchases of mortgage-backed securities and the rescues of Bear Stearns Cos. and American International Group Inc.
The disclosures may heighten political scrutiny of the central bank already at its most intense in three decades. The Fed’s Nov. 3 decision to add $600 billion of monetary stimulus has met with backlash from top Republicans in Congress, who said in a Nov. 17 letter to Chairman Ben S. Bernanke that the action risks inflation and asset-price bubbles.


  1. "Risks asset price bubbles"

    like the housing bubble Greenspan created with his 0% central bank interest rate.

    Republicans and democrats are both in this together.

    Steal from the poor, give to the rich.

    "the reason the government is terminating the benefits to the 99'ers is because blame the republicans for wanting a balanced budget"

    Nice paradigm, left-right. Makes it easy to defraud the sheeple.

  2. Delta Air Lines is Hiring 1,000 New Flight Attendants; More Than 100,000 Applied

    Yes ... but did Delta simply layoff people that were making good money to hire these people at a cheaper rate of pay?

  3. "Flight Attendants" Oh great, more angry lispers and big cows. The US flying experience died in the 80's and is on par today with Greyhound.

    Singapore Airlines.. yummy stews:)


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