United States Treasury promises to pay the Fed for Bear Stearns losses

This is us folks.  The US government, i.e. taxpayers, guarantees the NY Federal Reserve loan of $29,000,000,000 to JPMorgan/Bear Stearns.  Call and write your congressional representatives if you disagree.  Otherwise, you need not do anything.  Click to read the letter →  treasuryletter0308.pdf

Advertisements

4 responses to “United States Treasury promises to pay the Fed for Bear Stearns losses

  1. SCAM: Bear Stearns, -Timothy Geithner and
    the Blackstone-BCCI set up

    bear stearns, blackstone, blackrock, fed, new york, citibank, Timothy Geithner

    Summary
    The Blackstone Group, a major private equity firm tied to foreign policy influence lobbying groups such as Kissinger Associates, Scowcroft Advisors, and the Madeline Albright Group, had an affiliated spinoff company, BlackRock, a Caymans Island foreign bank associate, evaluate the “fairness” to shareholders of the JP Morgan Acquisition of Bear Stearns. The deal involved a bailout of Bear Stearns creditors directly, and indirectly through cash infusions via the Fed’s open window of lending, including lending billions to Citibank in exchange for mortgage collateral. The lead negotiator of the deal, the President of the NY Fed, Geithner, is a former employee of Kissinger Associates, a Saudi-China lobbying firm, and was appointed to the Fed by Peter Peterson of Blackstone. He also worked for Secretary Rubin at the Clinton Treasury Department. Secretary Rubin is now an executive with Citibank a major beneficiary of the bailout. Citibank has major Saudi shareholders, and as such is not an American bank, per se. Citibank has been investigat4ed for illegal terrorist money laundering activities in the Middle East, and Geithner was an employee at Kissinger Associates when it was engaged in discussions of mergers with BCCI, which was later indicted for drug money laundering.

    http://ecothearcy.wordpress.com/2008/04/03/scam-bear-stearns-timothy-geithner-and/

    bear stearns, blackstone, blackrock, fed, new york, citibank, Timothy Geithner

  2. Pingback: | Redfin Chicago Sweet Digs

  3. wow! I have opened over 20 news articles searching “bear stearns fed bailout” to find the number we are now responsible for as i compile a list of all these bailouts, and not a single news article posts the amount! I can’t wait to have to search infinitely to find nothing posted on all the other bailouts we as taxpayers have been “gifted” with.

    when the hell are people going to wake up and see the reality around them?!

    stop by and check out this sad post when I finish it.

  4. Pingback: Don't Call it a Comeback - Redfin Local Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s