Quote:
Originally Posted by IllTestYourGirls
No shit. But the government has not bailed anyone out yet, the fed has. Banks have gone bankrupt since they were invented. Why should that change now?
How many billions in BONUSES did BSC take before they got bailed out?
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few bilions...
Rogers on Bearn Stearns:
https://youtube.com/watch?v=wXUU_lyb0Lc
The question is, what will happen when FED will incure big losses?
There is a serious possibility of FED being stuck with all that TAF shit from its members, some of them possible future BK candidates.
although I dont like much Kunster, this is really very good:
" The Fed has, in effect, made itself the world's largest financial shit-magnet. It has already taken in a few hundred billion in securities based on non-performing real estate loans, and has now opened the window to securities based on non-performing credit card debt, car loans, and other miscellaneous IOUs still drifting un-hedged in the banking ether."
and isnt FED recipient of taxpayers money already?