YOU MUST WATCH THIS VIDEO NOW: Federal Reserve Vice Chair Donald Kohn
explains why we can’t know who has our money.
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Donald Kohn is obviously trying to bluff and bluster his way
out of that…
Comment by eyebee — January 16, 2009 @ 1:38 am
Jason, that is why this is not working.
We have to stop giving our tax money away.
Comment by Luis — January 16, 2009 @ 1:46 am
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Pingback by Federal Reserve Vice Chair Donald Kohn explains why he won’t tell how US taxpayer money is being spent | www.gadgetguy.de - The GadgetGuy — January 16, 2009 @ 1:02 pm
[...] 16, 2009 by paulswansen This is to informative an video not to post in it’s entirety. YOU MUST WATCH THIS VIDEO NOW: Federal Reserve Vice Chair Donald Kohn explains why we can’t kn…: [...]
Pingback by YOU MUST WATCH THIS VIDEO NOW: Federal Reserve Vice Chair Donald Kohn explains why we can’t know who has our money. « PaulSwansen’s Weblog — January 16, 2009 @ 5:32 pm
With the Federal Reserve Bank being the lender of last
resort and their stated goal to stabilse the economy, there
is some logic to not disclosing the actual recipients of
the bail-out money. Knowledge of which companies are
recipients would be counter-productive to the point of
the lending by causing more unstability for that company and
the U.S. economy as a whole
So the Federal Reserve Bank is caught in a difficult
position between quietly (or secretly)
lending money to organisations that need it, versus
letting those organisations collapse, which will cause
further depressions in an already weak economy.
No doubt, it is a form of government spending in an effort
to reduce as much as possible the negative effects of this
particular recession.
Comment by Isofarro — January 16, 2009 @ 11:03 pm
This is freacking unbelievable.
Comment by James — January 18, 2009 @ 7:39 pm
This is insulting. The hubris is staggering.
Comment by Matthew — January 19, 2009 @ 1:42 am
Our government is run by Robber Barons and thieves. They will be the cause of the death of this country.
Comment by Rick Martinez — January 25, 2009 @ 9:36 pm
The hubris is beyond comprehension.
Comment by Eric Weaver — February 15, 2009 @ 10:28 pm