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does anyone know where the first 350 BILLION dollars of the bank 'bailout' have gone

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:32 AM
Original message
does anyone know where the first 350 BILLION dollars of the bank 'bailout' have gone
Edited on Sat Dec-13-08 09:32 AM by spanone
has there been any accounting made public at all or will we hear the horror stories once the criminals leave office?
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:34 AM
Response to Original message
1. Nope. Fed Refuses To Disclose Recipients Of $2 Trillion Of Emergency Loans
Fed Refuses to Disclose Recipients of $2 Trillion (Update2)

By Mark Pittman

Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.

snip//

‘Been Bamboozled’

Congress is demanding more transparency from the Fed and Treasury on bailout, most recently during Dec. 10 hearings by the House Financial Services committee when Representative David Scott, a Georgia Democrat, said Americans had “been bamboozled.”

more...

http://www.bloomberg.com/apps/news?pid=20601109&sid=aGvwttDayiiM&refer=home
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:35 AM
Response to Reply #1
2. un-freakin'-believable
Edited on Sat Dec-13-08 09:37 AM by spanone
our money and zero accountability


well, we know that the bu$hes would never play loose & fast with the public trust....:sarcasm:
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yourout Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:35 AM
Response to Original message
3. Ultimatly it will end up in Republican supporters hands one way or another.
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sandyd921 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:51 AM
Response to Original message
4. Well does anyone know where the $2 trillion bailout
that the Federal Reserve made went? Even less congressional oversight than the $350 billion: NO OVERSIGHT, NADA, NONE! To say we've been bamboozled is mild.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aGvwttDayiiM&refer=home


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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 10:46 AM
Response to Original message
5. Here's the Most Detailed List I Have Seen
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 11:32 AM
Response to Reply #5
9. Thanks for that list.
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 11:30 AM
Response to Original message
6. Not to worry, we Dems will demand accountability when we control the House and Senate. Wait, we
already control both houses.

As Pogo said, "We have met the enemy and he is us".
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 11:31 AM
Response to Original message
7. 50 Billion went to buy a company in Spain.
Edited on Sat Dec-13-08 11:31 AM by sarcasmo
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 11:31 AM
Response to Original message
8. Better question yet: Anybody know where its coming from?
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razors edge Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 11:45 AM
Response to Reply #8
10. We have to be
well into the debt enslavement of our great, great, great grandchildren by now.

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