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balrog666
25th November 2008, 05:51 PM
Really Scary Charts from the Fed (http://www.freedomsphoenix.com/Find-Freedom.htm?At=041764)

http://2.bp.blogspot.com/_FiNhXIv5StE/SRmZbixE-1I/AAAAAAAADY8/4KwVTdF0QPg/s1600/BORROWvBOGNONBR.png


So no bank trusts any other bank (because, just like us, they don't know which ones are still solvent), so they won't lend to them - all interbank loans now go through the Fed, so the banks get the profits of lending to the Fed and the Fed get the losses of lending to the bad banks (which the Fed knows are bad :boggled:).

Yee-haw, meltdown time!
Bodhi Dharma Zen
25th November 2008, 06:01 PM
I found this regarding the fed, not sure if is an explanation mixed with some conspiracy theory:

http://finance.yahoo.com/expert/article/richricher/124339

But I don't care about if it is, or not, a conspiracy, just about the facts, and those charts above are SCARY:
hamelekim
27th November 2008, 12:01 AM
I found this regarding the fed, not sure if is an explanation mixed with some conspiracy theory:

http://finance.yahoo.com/expert/article/richricher/124339

But I don't care about if it is, or not, a conspiracy, just about the facts, and those charts above are SCARY:

I'm tired of the way Conspiracy is used as a pejorative term. Conspiracies occur all the time.

All it takes is two or more people trying to do something that impact people negatively. Look at the entire banking industry. It's one giant conspiracy if you listen to people who used to work in it. This is especially so for the New York Fed banks which are completely corrupt.

They outright lie and cheat to steal money from people and businesses.
lomiller
28th November 2008, 01:17 PM
I’m not exactly sure what your point is. Those charts are exactly what you would expect to see from a fed trying to fight the onset of a liquidity trap, and Bernaki made it pretty clear early on that this was what he was doing.

The real question is whether it worked or not, but it’s still too early to say it hasn’t IMO. It would have been good to see an immediate response, but the lack of an immediate improvement doesn’t prove the feds efforts have failed.