That has to be where the $$$ is coming from, even if they don't say it.
Also see: 'The Mother of All Bailouts': Ron Paul
"Fed lending to commercial banks rises to daily record
The Federal Reserve said lending to commercial banks rose to an average daily record while loans to securities firms showed a zero balance for a fourth week. Loans to commercial banks through the Fed's traditional discount window increased $2.47 billion to an average $16.4 billion a day in the week ended Wednesday, while lending to Wall Street bond dealers fell to zero from an average $9 million, the Fed reported.
So where is all this money going to keep the loan stream flowing, because it ain't reaching us down here at the end of the diarrhea-drip trough?!
The subprime-mortgage collapse has taken a toll on banks and other financial companies, which have reported $468 billion of write-downs since the start of 2007. Fed officials have responded to the yearlong credit crisis by narrowing the gap between the discount rate and the benchmark rate and increasing the term of commercial-bank loans to 90 days from overnight (Bloomberg)."
Sigh.
So tired of agenda-pushing MSM and their obfuscations, distortions and lies.
