Borrow Cash Online Loans Resources

Ruby asked:


Headline news

Business loan bailout - Federal Reserve to buy loans crucial to business to unfreeze markets.
http://money.cnn.com/2008/10/07/news/economy/fed_commercial_paper/index.htm?postversion=2008100711

To quote in part:
NEW YORK (CNNMoney.com) — The Federal Reserve announced a NEW PROGRAM to help the battered market for short-term business loans - taking its CLOSEST STEP YET TO LENDING DIRECTLY TO BUSINESSES. The program addresses commercial paper, a form of short-term funding that is crucial to many businesses operations….

and

… The Fed will buy only top-rated commercial paper, of which there was about $1.3 trillion outstanding in August. About $100 billion of that was in the form of unsecured loans to non-financial firms, and about $600 billion was to financial firms. The other approximately $600 billion is backed by assets at the firms issuing the paper, although that is generally considered unsecured lending as well.

(end quote)

Shouldn’t Congress have a say in this?

Why can the Federal Reserve do this without ELECTED representative approval?

What happens if the businesses default on these loans? What are the consequences for the taxpayer and for inflation?

Is it starting to look to you like the whole system is about to collapse but before that happens the privately owned Federal Reserve will ensure that the power-elite lose as little as possible while the rest of us go down in flames? It is looking that way to me.

What say you?

thom3223. I gave you a thumbs up even though I disagree. I might very reluctantly place faith in corrupt politicians than to the private banking cartel otherwise known as the Federal Reserve. At least the process is a little more open. It bites either way. And Barry makes the point i was making. WHERE DOES IT END? The common people are mortgaging their way of life to support the investment class. It’s not just.

BigChiefEddieLightningFrog asked:


…all US assets contaminated by toxic mortgage credit?

http://www.kfor.com/kfor-timelinefreddieandfannie-9080306,0,5755717.story

whatthe!!! asked:


It just seems like all you hear about in the news is how the economy is doing horrible, but it doesn’t really seem that horrible. We have had the recent credit/mortgage crisis and the value of the dollar has dropped,but unemployment isn’t that bad and people are still spending money. The economy doesn’t appear to be in that bad of shape, however in the news all you hear is negativity. Even if the economy does go sour why does everyone blame the president? Shouldn’t the people be the ones to blame barring extreme blunders from those in power? After all we’re the ones the turn the economic wheel.

Gabby Johnson: Prez is Near asked:


Since black men suffer much higher unemployment, are often in jail (can’t buy a car easily in jail), and rarely get a W-2 from drug pusher to document their income?