dagblog - Comments for "How the Fed's 0% Money is Creating Jobs, Profits"

LINE OF THE WEEK MOAT!!

Richard Day — Tue, 04 Jan 2011 21:45:40 +0000

In reply to We don't own the banks, we

LINE OF THE WEEK MOAT!!

The Fed has already given

NCD — Tue, 04 Jan 2011 19:59:46 +0000

In reply to Rep Issa has been sending out

The Fed has already given $3.3 trillion since 2008 in low or no interest loans to big businesses, ranging from MacDonalds, Caterpillar, GE and to foreign bank branches in the US.

Why homeowners behind in their taxes must pay up to 16% interest or more, with fees, on late taxes while big businesses pay little or nothing, is my complaint. If the interest was capped at 2% perhaps there would be less foreclosures and a faster recovery on main street, and less buying and bundling of tax liens by Wall Street bloodsuckers.

We don't own the banks, we

moat — Tue, 04 Jan 2011 18:03:24 +0000

In reply to I will never understand this.

We don't own the banks, we just wash their money.

The Fed could certainly do

Michael Maiello — Tue, 04 Jan 2011 17:08:02 +0000

In reply to Thanks, why can't the Fed buy

The Fed could certainly do that, according to its charter. But that would inject money into the economy without using the banks as an intermediary and the fed exists, first and foremost, to protect the power of the banks.

Rep Issa has been sending out

Beetlejuice — Tue, 04 Jan 2011 15:52:47 +0000

In reply to How the Fed's 0% Money is Creating Jobs, Profits

Rep Issa has been sending out memos to the business community asking what rules, regulations and legislation that occured under Obama they believe is stifling their abilities to create jobs. And I sure there are other GOPer's following suit. So I have serious doubt's the interest free money to the business community will be a serious issue the GOPer's will tackle in the next two years...it's not an achievement Obama can use to get re-elected in 2012. And it wil enamor the business sector to keep filling GOPer campaign coffers for 2012 and beyond. Of course, with interest free cash.

I will never understand this.

Richard Day — Tue, 04 Jan 2011 05:19:00 +0000

In reply to How the Fed's 0% Money is Creating Jobs, Profits

I will never understand this. I have read articles on this subject for years.

If I give you money for nothing with no interest, I should own you.

As a matter of fact in Minnesota for years, it was coded in the tax laws that an interest free loan was taxable to the lender. It was just assumed that the lender was making money.

Does not this mean that we, as Americans, own the banks?

He'd said in a previous blog

we are stardust — Tue, 04 Jan 2011 03:38:04 +0000

In reply to Thanks, good link to William

He'd said in a previous blog that the FBI agents doing the investigations were taking all the cues as to how and what to investigate from the Mortgage Bankers Association! Fox, Henhouse, Fox, la la la... It's all so out of control it's unbelievable.

Good piece. I've been reading

Anonymous — Tue, 04 Jan 2011 03:20:19 +0000

In reply to How the Fed's 0% Money is Creating Jobs, Profits

Good piece. I've been reading MaxKeiser.Com and ZeroHedge.Com as well. Check this out-- "Here’s How Goldman Is Letting Its Wealthiest Clients Get A Crack At Pre-IPO Facebook Shares."

As the insanely greedy banksters don't like a free press either, I thought I'd let folks know about Blackout for Hungary (also at Facebook):

Will the upcoming Hungarian Presidency of the EU attack the Net?

A new media law in Hungary creates a powerful censorship authority without oversight and excessive powers under control of the governing party, which endangers the freedom of speech, the Internet and journalism as a whole. Citizens are called to black-out the Internet from the 5th January - when Hungary is taking over the EU presidency on the 6th January 2011.

Thanks, why can't the Fed buy

NCD — Tue, 04 Jan 2011 01:12:42 +0000

In reply to Excellent work, NCD. This

Thanks, why can't the Fed buy the liens from the counties/states and forgo the fees and interest charges, and consider it another Discount Window transaction?

That action may help property owners to get back on their feet, instead of enriching the millionaires of Wall Street. I guess that is too much to expect from Helicopter Ben, who only dumps free cash on the big money economy, and not main street.

Thanks, good link to William

NCD — Tue, 04 Jan 2011 00:50:12 +0000

In reply to "No revenue stream left

Thanks, good link to William Black on loan fraud: .....'The lies in liar’s loans were so endemic and so egregious that the financial version of “don’t ask; don’t tell” was essential at every step of the process.'