Fed Secretly Bailing Out Europe

Wed 28 Dec 11 | 11:50 AM ET
A former Fed official says in the Wall Street Journal that the Federal Reserve is covertly bailing out Europe. Insight with Gerald O'Driscoll, Cato Institute senior fellow, who says the Fed operated a "temporary U.S. dollar liquidity swap arrangement."

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Gerald O'Driscoll, Cato Institute, Federal Reserve, secret, europe, bailout, Wall Street Journal,

Category:

News & Politics

Tags:

• Gerald O'Driscoll
• Cato Institute
• Federal Reserve
• secret
• europe
• bailout
• Wall Street Journal

[kileydogg]

Bernenke should be indicted for treason against americans..my money just lost even more value...

[szman167]

END THE FED NOW, TIME ARREST THE SCUM BEHIND THESE BAILOUTS!!!

[manhunter9]

@EXP0SEtheFRAUDS alex jones is a temporal jesuit coadjutor WAKE UP YOU DAMN SHEEP

[EXP0SEtheFRAUDS]

This is pure CNBC propoganda. The federal reserve, the ECB, the Bundesbank, and all the big wall street banks that own the central banks are one of the same. CNBC is trying to sell to the public that it's the United States vs. Europe. It's a complete smokescreen.

[AshleySchafferBMW]

@AKAKAZD you can't handle the truth

[AKAKAZD]

we want the truth!

[superhawkn]

DEMAND PAYMENT IN GOLD OR SILVER FOR RENTS,BURGERS,CARS. THEN THERE IS NO MORE CURRENCY FROM SOME TRILLIONARE

[Danster82]

People cant make heads or tails from the contrarian actions of foreign central banks such as china buying euro debt, UK buying US debt, US buying euro debt but haven't you been told its an international banking cartel? Or did you just not believe that bit and think it was personal to your country? The Fed is a foreign bank to the US, the cartel is balancing the debt load across its system to maintain itself

fed profits .25% goto treasury but real profits 10% are realised by private member banks

[allentgregory]

Look at the protectionism of the banks by the reporters. We have a guy telling the truth and making it plain and we have the reporters protecting their backers (sic) liars. LMAO!

[ryodistributor]

if we can pay a trillion dollars for the Iraq war, bail out Wall Street and the banks AND Europe, then there is enough money for free lifetime healthcare for every American citizen. no excuses.

[1234doawee]

@LORDOFWARS8 completely agree, although the market determines (mainly) the price of the currency and know one really knows (yet) how much value it has really lost given the relatively new monetary policy of QE. I thought you where a conspiracy pusher who thinks that rather then the fed just not being very good at it job is trying to take over the world etc etc. I say end all centrals banks.

[LORDOFWARS8]

@1234doawee federalreserve(.)gov/aboutthef­ed/section2a.htm

Dollar has lost 98% of it value since Fed's inception and the ups and downs (booms and busts) in terms of maintaining interest rates and employment shows Fed's interception (with all its resources i.e. the Federal Income tax from every working American every paycheck, etc) in such things is exactly the opposite of what we should be doing