What do you think of the Federal Reserve's NEW emergency lending program TO BAIL OUT EUROPE?

Question

Have you ever gotten the feeling that something just doesn't feel right...............

This is one of those times.

Wonder if that gutted "Audit the Fed" bill Bernie the sell out Sanders is now pushing (and of course corruptocrats Dodd and Obama are now supporting) covers this NEW emergency lending program?


http://news.yahoo.com/s/ap/20100510/ap_on_bi_ge/us_europe_financial_crisis_fed#mwpphu-container

WASHINGTON – The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort.

The move comes after the European Union and International Monetary Fund pledged a nearly $1 trillion defense package for the embattled euro, hoping to calm jittery markets and halt attacks on the eurozone's weakest members. The ECB also jumped into the bond market Sunday night, saying it is ready to buy eurozone bonds to shore up liquidity in "dysfunctional" markets.

The Fed's action reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding to prevent the European crisis from spreading further.

http://www.msnbc.msn.com/id/37003798/ns/business-stocks_and_economy/

WASHINGTON - Following last-minute adjustments, a proposal to audit the Federal Reserve that the Obama administration once opposed was on the verge of passing the Senate as it attracted broad support from conservatives and liberals alike.

The administration withdrew its objections to the proposal Thursday, saying it was satisfied that the audit would not interfere with the Fed's authority to set monetary policy.

The one-time audit would focus on the Fed's emergency lending to financial institutions

Answer 1

TREASON with a capital T.

Answer 2

but why does greece need a bailout, why will spain and portugal need a bailout? the answer is in your article: "jittery" markets and speculative "attacks". aka bearish investors pumping negative stories to complicit journalists whether true or not (as we saw here in 2008). those same investors buying credit default swaps betting on the bankruptcy of greece, spain, portugal, and those same investors shorting the local markets in those countries. not to mention the euro. it creates a self fulfilling prophecy, as the bulls are forced to give in and sell or panic sell. added together they apply intense pressure onto these countries forcing them to be bailed out, instead of having it run a natural course where default did not necessarily have to happen. you see, the "free" market pours gasoline on a fire, and puts an insane amount of pressure on these countries forcing these bailouts.

Answer 3

Lets own Europe before China Does!!1

Answer 4

All economies throughout the world are interconnected I don't think US would invest in Greece if there are no incentives for them.I am sure you know there are hundreds of American companies that are doing business in Greece I think US giving " Loan " to Greece is indirectly saving US companies from losing money in Greece

Answer 5

Don't worry so much; we'll get it all back. No, wait....we're still 14 trillion in debt. Thank you Woodrow Wilson!

Answer 6

Vote all incumbencies OUT.

Answer 7

I'm enfuriated because they are not our country!!! What responsibility do we have to bailout their economies?

Answer 8

The Jews won. NWO, with them as our Masters.

Answer 9

well this looks like gods will to me or else it would not have happened