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TheWraith

(24,331 posts)

1. Yawn. Another repetition of the "$16 trillion dollars!!!" lie.

Reply to GopperStopper2680 (Original post)

Tue Mar 13, 2012, 04:30 PM

Mar 2012

By people who have no fucking clue whatsoever how the Fed works or what "discount window" lending is.

Here's a hint: if you loan out $1 million dollars, 1000 times, you'll have loaned out a billion dollars. That doesn't mean you've given away a billion dollars.

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It's Finally Happened! GAO Audits Fed for the 1st time Ever (Reposted) [View all] GopperStopper2680 Mar 2012 OP

Yawn. Another repetition of the "$16 trillion dollars!!!" lie. TheWraith Mar 2012 #1

Read the breakdown of the audit. GopperStopper2680 Mar 2012 #5

As to my 'ignorance' of how the Fed works.. GopperStopper2680 Mar 2012 #6

indeed tges6255se Mar 2012 #10

Posted about 236 days ago abelenkpe Mar 2012 #2

Yeah, I saw the Sanders edition. But it's new to our newbie, so I'll cut him some slack. freshwest Mar 2012 #3

I'm willing to blame it all on the banks abelenkpe Mar 2012 #4

Old news.. GopperStopper2680 Mar 2012 #7

I started writing what was turning into a novel in reply. I'll get back with you later. freshwest Mar 2012 #8

BTW.. GopperStopper2680 Mar 2012 #9