What the Fed doesn't want you to know! [video]
 

Saw this on Morning Meeting on MSNBC this morning. Well worth watching.

http://www.msnbc.msn.com/id/21134540...24060#32124060

thats great! :mad:

can't we get some cliff notes on what we aren't supposed to know :)

Pity we can't get a deal like that. It would be tantamount to us going to the bank and saying, "I know I owe you $300k but the house is worth $3 million can I have a check for $2.7 million?" No need to prove the house is worth that much. Just take my word! Crazy shit!

"I got a former governor and a G here. Let's give the G a FED cap."

The Fed bought toxic bank assets with taxpayer money and took the banks word on what it was worth. They do not want to disclose to congress what they bought and its actual value.

It is sad that we live in a society so stupid we have to dumb down the explanation of what is going on so they can understand it.

I agree. :thumbsup

We need a complete audit of the fed now. Support house bill 1207 which has over 250 cosponsors yet the dem leader ship refuses to bring it to the floor for a vote :321GFY