De zaak is aldus: de belastingbetaler betaalt nu het kapitalisme zodat het kapitalisme aan de belastingbetaler kan blijven verdienen. Heb ik het zo helder genoeg uitgelegd? Eigenlijk is het heel eenvoudig. De New York Times bericht:'Fed Acts to Rescue Financial Markets
WASHINGTON — Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve on Sunday approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street.
In a third move aimed at helping banks and thrifts, the Fed also lowered the rate for borrowing from its so-called discount window by a quarter of a percentage point, to 3.25 percent.
The moves amounted to a sweeping and apparently unprecedented attempt by the Federal Reserve to rescue the nation’s financial markets from what officials feared could be a chain reaction of defaults.
After a weekend of intense negotiations, the Federal Reserve approved a $30 billion credit line to help JPMorgan Chase acquire Bear Stearns, one of the biggest firms on Wall Street, which had been teetering near collapse because of its deepening losses in the mortgage market.
In a highly unusual maneuver, Fed officials said they would secure the loan by effectively taking over the huge Bear Stearns portfolio and exercising control over all major decisions in order to minimize the central bank’s own risk.
The Fed, working closely with bank regulators and the Treasury Department, raced to complete the deal Sunday night in order to prevent investors from panicking on Monday about the ability of Bear Stearns to make good on billions of dollars in trading commitments.'
In a third move aimed at helping banks and thrifts, the Fed also lowered the rate for borrowing from its so-called discount window by a quarter of a percentage point, to 3.25 percent.
The moves amounted to a sweeping and apparently unprecedented attempt by the Federal Reserve to rescue the nation’s financial markets from what officials feared could be a chain reaction of defaults.
After a weekend of intense negotiations, the Federal Reserve approved a $30 billion credit line to help JPMorgan Chase acquire Bear Stearns, one of the biggest firms on Wall Street, which had been teetering near collapse because of its deepening losses in the mortgage market.
In a highly unusual maneuver, Fed officials said they would secure the loan by effectively taking over the huge Bear Stearns portfolio and exercising control over all major decisions in order to minimize the central bank’s own risk.
The Fed, working closely with bank regulators and the Treasury Department, raced to complete the deal Sunday night in order to prevent investors from panicking on Monday about the ability of Bear Stearns to make good on billions of dollars in trading commitments.'
1 opmerking:
Een interessante video die vast wel ergens als torrent op te snorren is, of op google video o.i.d., is America - Freedom to Fascism van wijlen Aaron Russo.
Gaat over de manier waarop een illegitieme privebank (de Fed. Reserve) de Amerikanen op ongrondwettelijke wijze besteelt van hun inkomen, en ze er schulden, een munt zonder waarde, en natuurlijk inflatie voor teruggeeft.
Een beetje een vreemde kwestie, maar het lijkt er inderdaad wel op dat de Federal Income Tax, en dus ook de IRS, in principe illegale zaken zijn in de VS.
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