Fed may give loans to IMF to help euro zone: paper

Discussion in 'Current Events' started by DonGlock26, Dec 5, 2011.

  1. DonGlock26

    DonGlock26 New Member Past Donor

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    Fed may give loans to IMF to help euro zone: paper


    The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.

    Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.

    "Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs," the paper said in an advance copy of an article to appear on Monday.

    Treasury Secretary Timothy Geithner may discuss the idea in the coming weeks when he visits Europe, the paper said.

    Officials had said on Saturday that talks on the size of loans from euro zone central banks were starting at a technical level after finance ministers from the currency union gave the go-ahead to explore the idea.

    The idea is for the IMF to be able to match the new firepower of the euro zone bailout fund, which is being leveraged.

    One senior euro zone official has said that no amount had been discussed at the political level.

    The euro zone wants to boost the IMF's resources so the fund could provide a credible backstop if Spain and Italy were to need an emergency loan program.

    Geithner is to hold talks with several European leaders in the coming week and is set to urge them to take decisive action at an EU summit aimed at preventing the euro zone debt crisis spiraling out of control.

    A Treasury official said on Friday that the United States was not planning to make bilateral loans to the IMF and the lender's resources were

    http://www.reuters.com/article/2011/12/04/us-eurozone-imf-fed-idUSTRE7B30X320111204

    We will all be tied to Greece and Italy now. Eat your peas, America.

    _
     
  2. RP12

    RP12 Well-Known Member

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    Bailout the bailout with more bailouts. Got to love those Keynesians!
     
  3. raymondo

    raymondo Banned

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    Only a kid at school would believe such garbage .
    We all have known for a long time that American banks would have gone bankrupt at almost the rate of one big one every six months since 2008 , without Federal Reserve Loans
    And the same was also true of many large Eurozone Banks and almost certainly Barclays in the UK .
    Last week the Agencies were about to whistle blow and announce huge Bank down ratings ( on top of those they did make) after the US Super Crap Committee retired as a complete failure with absolutely nothing to say .
    The Federal Reserve " bribed" the Agencies to hold off for awhile , and that is why Benny will now be handing bits of paper to any bank with a begging bowl .That was the deal .
    This is not being done just for the benefit of the Zoners with a token of US concern and help to make the parcel look sweet.
    The blindingly obvious and full reason is that all of the banks are locked together in a toxic glue of debts and the only reason that the US can get away with hiding behind the sofa for a little longer is because it has the Fed to act as lender of last resort .
    Other places have to deal with their Bankruptcy ( called Sovereign State Debt) but the US just uses the Fed for more oxygen .
    The fact that the Fed has absolutely nothing to lend save imaginary money ,we will gloss over .
    In contrast the IMF is broke and the ECB has no money and is not technically empowered to bail out Sovereign States that are failed .So of course the Fed is filling up the IMF . It has to because the IMF is pot less and it means the ECB does not have to change its rule book .
    The vast bulk of imaginary money will go to Banks like Bank of America , J.P. Morgan , Citi Group and Wells Fargo . They probably don't own a truthful dime between them .
    It's all about delaying the final Tsunami , with Ben and Tim presumably out there in the rain and snow waiting for Growth to fall down to Earth like Manna from Heaven .
    Dumb Arses .
     
  4. RP12

    RP12 Well-Known Member

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    http://www.bloomberg.com/news/2011-...-moving-merrill-derivatives-to-bank-unit.html

    Just one example. BoA is insolvent. They have trillions in bad derivatives. However dont you worry they are all backed by the FDIC <aka YOU>.
     
  5. War Pony

    War Pony New Member

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    I recommend that those of you in the City of London (not to be confused with London, the City) realize that it will not be long before you are found out by the world at large. Daily, inroads are being built to assail your allegedly secret walls. You are known and the internet is helping to close the noose around your necks. Soon, the fact that your censorship and mind control will be openly seen and go "viral" should allow you some time to consider your fate when the curtain is lifted. Toto has found the "man" behind the curtain~! Way to go Toto~!

    http://vaticproject.blogspot.com/2010/02/rothschild-octopus.html

    And, to see who the roaches . . . er minions are, check this out:

    http://beforeitsnews.com/story/1439..._for_or_against_you_in_the_modern_world..html

    . . . the comments also lead to the "Terra Papers" interesting read.
     
  6. War Pony

    War Pony New Member

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    Those in the City of London (not to be confused with London, the City) will soon realize that it will not be long before you are found out by the world at large. Daily, inroads are being built to assail your allegedly secret walls. You are known and the internet is helping to close the noose around your necks. Soon, the fact that your censorship and mind control will be openly seen and go "viral" should allow you some time to consider your fate when the curtain is lifted. Toto has found the "man" behind the curtain~! Way to go Toto~!

    http://vaticproject.blogspot.com/2010/02/rothschild-octopus.html

    And, to see who are the minions, check this out:

    http://beforeitsnews.com/story/1439..._for_or_against_you_in_the_modern_world..html
     

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