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The Federal Reserve is going bankrupt

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Uploaded by on Sep 30, 2008

The Fed has now swapped around $600 billion of its $800 billion balance sheet for worthless paper from banks to try to keep the banking system afloat. A downgrade of US Treasury bonds is on the cards.

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Uploader Comments (uranian23)

  • The rating agencies are just a big scam.

    .

    Nobody intelligent pays attention to them, they are just there to give a CEO or a government making a bad investment a free pass from accountability. That's it.

  • @fuzzywzhe: entertaining at least that they just downgraded greek debt to junk, i thought!

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  • @buddymac201 Yes!

  • @raiden241 What a terrifc idea! They are the evil-doers who have gotten us into this current mess we see...lack of growth, for all of our wealth & potential earning. We need to put an end to this madness one way...or another. Your way makes alot of sense! This would eliminate much of the Bankers(Queen of England, etc.) hold on the U.S. citizens, and I would quit feeling like we live on one giant plantation & we're all just a bunch of slaves!

  • What the same S&P that used to package subprime mortgages and sell them to other banks. And the same S&P who said Lehman Brothers were sound a day before they went bust. I have no respect for these credit agencies they are just as bad crooks as the banks and politicians. there is no quick solutions for these huge problems the whole western world and western economies was based on credit which means you borrow money and pay interest on it. That is the evil of all evils.

  • sucks to be canada when the US can't figure their shit out.

  • Audit the federal reserve cronies that have bin ruening our country when they feel like it. Implement a higher sales tax & eliminate the income tax that way if you have it you spend it and no more getting audits & having to file income taxes we would be free of the federal reserve slugs!!!!!!!!!!!!!!

  • Audit the fed and repeal the federal reserve act. they are the source of our economic downfall!!! END THE FED!!!!!!!!

  • Fed Reserve has no reserves to begin with

  • Nice video, good information for those who understand how the system works. Probably sounds like rubbish to those who dont understand the Fed.

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