View Single Post
Old 11-15-2008, 02:31 PM
NotThe1 NotThe1 is offline
Senior Member
Join Date: Sep 2008
Posts: 252
Default Re: Why Won't the Federal Reserve Say Who They Gave $2 Trillion To?

Congress gave them there powers and can take it away. If you watched the bailout hearing yesterday they threaten to do just that.

The Treasury and FDIC had a program to forgive debt in situations like this but they had to pay back all the money and there was strings attached. The bankers wanted hard cash and limited limitations and thats what the bailout was.
Reply With Quote