On Sat, 15 Nov 2008 08:17:42 -0600, F.George wrote:

On Fri, 14 Nov 2008 21:51:00 -0800, Curly Surmudgeon
wrote:

On Fri, 14 Nov 2008 14:41:18 -0600, F.George wrote:

In less than 3 months, over 5 trillion dollars has been "injected"
into the market. The exact amount cannot be determined.

This is only the amount the US has committed to so far. Europe, Russia,
Germany, Japan and China just about sum that much by themselves.
--------------
Indeed, which again indicates this is not a *LIQUIDITY* problem, as it
would have been solved [several times over] by now if this was the case.

I again ask: "where did/does all this money go"

That's a secret:

Bloomberg Sues Fed to Force Disclosure of Collateral (Update1)

By Mark Pittman

Nov. 7 (Bloomberg) -- Bloomberg News asked a U.S. court today to force the
Federal Reserve to disclose securities the central bank is accepting on
behalf of American taxpayers as collateral for $1.5 trillion of loans to
banks.

The lawsuit is based on the U.S. Freedom of Information Act, which
requires federal agencies to make government documents available to the
press and the public, according to the complaint. The suit, filed in New
York, doesn't seek money damages.

``The American taxpayer is entitled to know the risks, costs and
methodology associated with the unprecedented government bailout of the
U.S. financial industry,'' said Matthew Winkler, the editor-in-chief of
Bloomberg News, a unit of New York-based Bloomberg LP, in an e-mail.

The Fed has lent $1.5 trillion to banks, including Citigroup Inc. and
Goldman Sachs Group Inc., through programs such as its discount window,
the Primary Dealer Credit Facility and the Term Securities Lending
Facility. Collateral is an asset pledged to a lender in the event that a
loan payment isn't made.

The Fed made the loans under 11 programs in response to the biggest
financial crisis since the Great Depression. The total doesn't include an
additional $700 billion approved by Congress in a bailout package.

Fed's Position

Bloomberg News on May 21 asked the Fed to provide data on the collateral
posted between April 4 and May 20. The central bank said on June 19 that
it needed until July 3 to search out the documents and determine whether
it would make them public. Bloomberg never received a formal response that
would enable it to file an appeal. On Oct. 25, Bloomberg filed another
request and has yet to receive a reply.

The Fed staff planned to recommend that Bloomberg's request be denied
under an exemption protecting ``confidential commercial information,''
according to Alison Thro, the Fed's FOIA Service Center senior counsel.
The Fed in Washington has about 30 pages pertaining to the request, Thro
said today before the filing of the suit. The bulk of the documents
Bloomberg sought are at the Federal Reserve Bank of New York, which she
said isn't subject to the freedom of information law.

``This type of information is considered highly sensitive, and it would
remain so for some time in the future,'' Thro said.

The Fed didn't give Bloomberg a formal response because ``it got caught in
the vortex of the things going on here,'' said Michael O'Rourke, another
member of the Fed's FOIA staff.

Thro declined to comment on the lawsuit.

The case is Bloomberg LP v. Federal Reserve, U.S. District Court, Southern
District of New York (Manhattan).

http://www.bloomberg.com/apps/news?p...d=ajph7rjBl1ow

and "where did all the
money go [and come from] that was involved in the oil, metal and
commodities (food) bubbles?"

There is something far more rotten and systemic that a simple cash flow
problem at work here.

Agreed, and it's unlikely we'll know in time to take any action. That's
been the pattern of Bush/Cheney all along, to commit crimes and atrocities
faster than regulators, patriots, or regulators can react moving on to
fresh atrocities keeping opposition floundering with yesterday's crimes.

Unka' George [George McDuffee]
------------------------------------------- He that will not apply new
remedies,
must expect new evils:
for Time is the greatest innovator: and if Time, of course, alter things
to the worse, and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).

--
Regards, Curly
------------------------------------------------------------------------------
RIP -- Robert Lee Burnside 11/23/26 - 9/1/05
------------------------------------------------------------------------------




.................................................. ...............
Posted via TITANnews - Uncensored Newsgroups Access
at http://www.TitanNews.com
-=Every Newsgroup - Anonymous, UNCENSORED, BROADBAND Downloads=-