Words of Advice:

"We have it totally under control. It's one person coming from China. It's going to be just fine." -- Donald Trump, 1/22/2020

“We will not see diseases like the coronavirus come here..and isn't it refreshing when contrasting it with the awful presidency of President Obama."
-- Trump Press Secretary Kayleigh McEnany, 2/25/20

"I don't take responsibility for anything." --Donald Trump, 3/13/20

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Friday, May 27, 2011

The Hidden Bank Bailouts

The Federal Reserve was shoveling huge amounts of cash to foreign banks in 2008 to try to keep them from collapsing, including a Japanese fishing co-op. The biggest borrower was a French-Belgian bank, which took out over $30 billion. The Federal Reserve says that all of those loans have been repaid with interest.

Yeah. 0.01% is one hell of an interest rate. I think I'll call myself a bank and go borrow from those folks the next time that I want a car loan. They aren't exactly Western Sky, not by a long shot.

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