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Splum

03-05-2009 11:52 AM

Obama administration hiding bank data

Hi lemmings.

Quote:

The Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won?t make the information public

http://www.bloomberg.com/apps/news?p...d=aG0_2ZIA96TI

Change. YES WE CAN!

Splum

03-05-2009 11:55 AM

http://bostonist.com/attachments/aus...nge-poster.jpg

candyflip

03-05-2009 11:57 AM

How does the Federal Reserve not making this info public relate to the Obama administration?

It's not like he's in control of the Fed.

Brujah

03-05-2009 12:00 PM

Wasn't it part of Bush's plan last year, that the Fed Reserve didn't have to disclose and wouldn't be subject to any investigations about it? I believe so.

dyna mo

03-05-2009 12:01 PM

Quote:

Originally Posted by candyflip (Post 15587535)

How does the Federal Reserve not making this info public relate to the Obama administration?

It's not like he's in control of the Fed.

Quote:

Originally Posted by Brujah (Post 15587561)

Wasn't it part of Bush's plan last year, that the Fed Reserve didn't have to disclose and wouldn't be subject to any investigations about it? I believe so.

please, no facts in this thread, it's too much for the op to comprehend.

Splum

03-05-2009 12:06 PM

Quote:

Originally Posted by candyflip (Post 15587535)

It's not like he's in control of the Fed.

Haha you arent fucking serious? :error:1orglaugh:1orglaugh
Obama is VERY much directing the actions of the Federal Reserve through his administration.

Splum

03-05-2009 12:07 PM

Quote:

Originally Posted by Brujah (Post 15587561)

Wasn't it part of Bush's plan last year, that the Fed Reserve didn't have to disclose and wouldn't be subject to any investigations about it? I believe so.

..and it is part of the Obama administrations plan as well.

Brujah

03-05-2009 12:08 PM

Quote:

Originally Posted by Splum (Post 15587628)

..and it is part of the Obama administrations plan as well.

Can he override it all by himself and force the Fed to reveal it to everyone?

Splum

03-05-2009 12:12 PM

Quote:

Originally Posted by Brujah (Post 15587640)

Can he override it all by himself and force the Fed to reveal it to everyone?

Democrats control the White House.
Democrats control the Congress.
Democrats control the Senate.

Yes he can.

Brujah

03-05-2009 12:13 PM

Quote:

Originally Posted by Splum (Post 15587668)

Democrats control the White House.
Democrats control the Congress.
Democrats control the Senate.

Yes he can.

Cool, maybe he will then. Is that what you would want? That the Bush plan was all wrong and we need Obama to fix it?

tranza

03-05-2009 01:19 PM

The new hope...

Splum

03-05-2009 01:24 PM

Quote:

Originally Posted by Brujah (Post 15587688)

Cool, maybe he will then. Is that what you would want? That the Bush plan was all wrong and we need Obama to fix it?

I could give a fuck what they do, they are all the same.

papill0n

03-05-2009 01:27 PM

Enough with the fucking obama threads!!!!!!!!!!!!!!!!!!!!!

Splum

03-05-2009 01:29 PM

Are you mad that someone would expose your "Führer"?

Quote:

Originally Posted by RageCash-Ben (Post 15588209)

Enough with the fucking obama threads!!!!!!!!!!!!!!!!!!!!!

Joshua G

03-05-2009 01:39 PM

uuuuuuhhhhhh,

remember IndyMac? NY Senator Charles Schumer set off a bank run by publicly stating the bank was being monitered by the FDIC for possible takeover. He received a boatload of shit for disclosing this because when the government announces who is failing, that sets off a panic on that firm. So the Fed's secrecy is intended to prevent other banks from failing based on speculations on a banks condition.

smartfest...

Splum

03-05-2009 01:43 PM

Uhhh you do realize this is YOUR MONEY they are giving to these secret banks right?

Quote:

Originally Posted by joshgirls (Post 15588294)

uuuuuuhhhhhh, remember IndyMac? NY Senator Charles Schumer set off a bank run by publicly stating the bank was being monitered by the FDIC for possible takeover. He received a boatload of shit for disclosing this because when the government announces who is failing, that sets off a panic on that firm. So the Fed's secrecy is intended to prevent other banks from failing based on speculations on a banks condition. smartfest...

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