Posts Tagged ‘Bernanke’

Federal Reserve Gave Big Banks Secret Loans of $7.77 Trillion


Monday November 28th, 2011   •   Posted by David Theroux at 9:34pm PDT   •   2 Comments

Brent Budowsky of The Hill has called for Cong. Ron Paul to hold hearings before the subcommittee he chairs on the news of secret Federal Reserve bailouts of the the biggest banks. The news comes from an article by Bob Ivry, Bradley Keoun and Phil Kuntz at Bloomberg Markets Magazine that the Federal Reserve…
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Freddie Mac Wants a Bailout of $6 Billion More


Thursday November 3rd, 2011   •   Posted by David Theroux at 10:31pm PDT   •   1 Comment

Shahien Nasiripour reports at The Financial Times in “Freddie Mac seeks further $6bn from taxpayers” that: Freddie Mac, the US-controlled mortgage financier, has requested an additional $6bn from US taxpayers, following a $4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling…
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World’s Biggest Bond Fund Dumps All U.S. Government Debt


Wednesday March 9th, 2011   •   Posted by David Theroux at 7:50pm PDT   •   0 Comments

Susanne Walker reports at Bloomberg that because of fears of inflation created by the enormous credit expansion by the Federal Reserve and rapidly increasing U.S. government deficit spending, the world’s biggest bond fund at Pacific Investment Management Company (Pimco) has dropped all U.S. government debt from its portfolio. Bill Gross, who runs the world’s…
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