Herr Elrichtmann's Apt Pupil Explains Global Finance Part 1.

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Uploaded by on Jul 30, 2009

That Paulson! What a silver tongue wags out from beneath that chrome dome, huh? Bernake burned him; the Fed just released thier post-mortum on the 2008 bankjob, with it's numbers so.... so... so not really indicating anything but the usual surplus accrued in the banking system as a whole...

All US Banks aggregate holdings Dec. 2008 (billions of dollars): Assets = 12,212
Liabilities = 11,063
Capital account = 1,149

-Federal Reserve Bulletin, June 2009 "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2008", p A64, fig 1. http://www.federalreserve.gov/pubs/bulletin/2009/pdf/bankprofits09.pdf

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Uploader Comments (BobForehead)

  • "i'm not gonna say what

    I remember the answer to be"

    ...

    "information can flow

    money can move"

    ...

    "we didn't want to overly scare people

    & make it worse"

  • "if the system was allowed to fail, then people, you know, might get the idea that the system had failed"

    "i was talking to people... like some Germans, for instance..."

    he's such a knob he should put on a mini skirt and date Max Keiser.

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  • Are they talking to me?!!!!!!!!!!!

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