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Desc:Interview from 'The Dylan Ratigan Show'
Category:Business, Crime
Tags:Wall street, bailout, matt taibbi, TALF
Submitted:SDAusmus
Date:04/20/11
Views:769
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Comment count is 6
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godot
It wasn't taxpayer money. The 12 Federal Reserve Banks are private nonprofit corporations owned by member banks.
godot
The real question is why was TARP (the taxpayer funded bailout) neccesary at all, when the semi-private Fed was happy to take trash collateral for their TALF (note the 'F', its a Fed program with no congressional oversight) loans.

kingarthur
Except that it was taxpayer money. Look into how the Fed puts more money into the system.

kingarthur
Taibbi is going to get himself shot. Ames and Levine too.

Their stuff is required reading in my household.


Konversekid
Separation of power sounds great and all, but it seems like a bit of focused Stalinistic paranoia would really help out with shit like this.
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