The Fed has claimed that this is a "liquidity crisis." So why is it draining the swamp $125 Billion

[Dover]

http://market-ticker.denninger.net/archives/590-FLASH-Fed-Speaking-Out-Both-Sides-Of-Mouth.html

[Joanne98]

1. Ooh. Nice catch! MM's strike again. Bastards!

[Dover]

2. Not my catch

Just cross-posting from GD

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4103567&mesg_id=4103567

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bertman]

4. Excellent thread. Thanks for posting it. This is why I support DU. Among other reasons.

[barbtries]

5. can't we

put these fuckers in prison now, and start over? waaa

[dixiegrrrrl]

6. Part of the reason:

"Britain’s five leading high street banks have as much as £95.3 billion ($175 billion) of distressed assets on their books that may qualify for the American bailout scheme.

If the British banks tap the rescue fund being set up by the US Treasury and the Federal Reserve to the maximum, they could secure one quarter of the $700 billion being made available. Under the terms of an outline agreement that appeared to have been reached by US policymakers last night, Britain’s lenders will be able to use the facility.

However, the prospect that the US Treasury could pay for UK banks’ bad assets is likely to infuriate some American politicians and taxpayers, who would foot the bill."

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4828413.ece

[Dover]

7. thanx!

However, the prospect that the US Treasury could pay for UK banks’ bad assets is likely to infuriate some American politicians and taxpayers, who would foot the bill."

Gee, ya think?

[happydreams]

8. Why not do an end run around the big banking institutions and give

the money directly to the state and local banks. Cut the cancer out. :tinfoilhat:

[checks-n-balances]

9. Some troops moving back to the U.S. beginning Oct. 1 - connection?

Looks like this is all tied together...

End of Posse Comitatus:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4105915

Don't our congressional Dems know about this, and yet they're just about ready to sign this deal? Are they really that much in the dark or just complicit???