Alan Grayson grills Ben Bernanke on Foreign Lending - Dprogram.net
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@riprandy318 Yes, it's obvious that all 300 million people in the US who know more than you are paid trolls.
patbarkley 6 months ago
@patbarkley haha you must be one of those paid trolls being paid with soon worthless paper federal reserve notes. Time to grow up kid, leave the nest , and start fighting for your country
riprandy318 6 months ago
@riprandy318
Are you one of those little morons that doesn't know the first thing about banking?
patbarkley 6 months ago
@patbarkley lol are you another one of those little blind sheep??...
riprandy318 6 months ago
@0joesixpack0
The swaps are repaid at the same rate they were put on.
I'm not sure what your point is.
patbarkley 7 months ago
In the video above....
The swap was conducted at the height of the Euro Aka the low of the dollar where the euro was worth 1.60 dollars. So after that swap the euro plummeted. I am sure the banks are well aware of what will happen before it happens on the FOREX exchange due to the large sums of money they transfer. (this was a result of the housing bubble) I think the congressmen was addressing this fact when he was cut off. Its a shame you only got five minutes to quiz Bernanke.
0joesixpack0 7 months ago
@0joesixpack0
The Fed didn't buy "Tarp's"
The Treasury borrowed money and used it to support the banking system.
The Fed wasn't part of TARP.
patbarkley 7 months ago
@patbarkley but the fed had to print the money to buy the Tarp's did they not? Then when the banks could buy back the TARPs they could. Or did the money come directly from the treasury?
0joesixpack0 7 months ago
@0joesixpack0
TARP wasn't the Fed, it was the Treasury.
TARP didn't buy bad debt.
Bank TARP was preferred stock.
patbarkley 7 months ago
@patbarkley That was what TARP was all about.
0joesixpack0 7 months ago