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« You Gotta See This - TARP Republican Gresham Barrett Booed Off The Stage At Tea Party Rally | Main | FDIC Shuts Down Another Bailed Out TARP Bank, GM Prices IPO Below Taxpayer's Break-Even »
Monday
Nov082010

Fed's Maiden Lane Spins Crap Assets Into Tungsten

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Video:  Alan Grayson explores Maiden Lane assets -- May 6, 2010

Quotes...

  • "Let's find out once and for all who owns the hotels, who owns the houses, and let's try and put this wild beast that creates money out of nothing and jams it in the pockets of special interests like Maiden Lane, like Bear Stearns, like JPMorgan, like all their friends.  Let's put them under some degree of restraint before it all comes crashing down, on us."
  • “I want to congratulate the gentleman and, in fact, everyone in America, because you now own a hotel chain.  Congratulations!  It’s this one, right here [pointing to poster board].  You own the Red Roof Inn.
  • Now, I know what you’re thinking.  You’re thinking, ‘that’s funny, I don’t remember buying the Red Roof Inn,’ but the Federal Reserve Bank, in it’s wisdom, has done it for you.  The Federal Reserve Bank has seen to it that you have the pleasure of ownership of this delightful chain of hotels that extends from sea to shining sea.  You, America, you are now the owners of the Red Roof Inn chain.  Congratulations!”
  • "The Federal Reserve became the sucker of last resort.  And in doing so, the Federal Reserve made you -- you, America! -- the sucker of last resort."
  • “You’ll have enough to put a hotel on Marvin Gardens, on Park Place, and probably on Boardwalk, too!  You’ll own all the hotels in America, and isn’t that something?”

 

 

 

New Slideshow - Time Magazine Looks Inside the Private Offices of Fed Chairman Bernanke - Including Photos of Bernanke Growing Up in South Carolina - These are a Must See

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Reader Comments (8)

Nov 8, 2010 at 4:40 AM | Registered CommenterDailyBail
How to Bully a Country into Bankruptcy

Not only did they stop working but they also turned to paramilitary tactics. They seized refineries and fuel depots; they closed fuel pipelines going to Charles de Gaulle and Orly airports, and massively disrupted rail travel. The fuel shortages have crippled the economy. Strikers stopped work at two of France's three liquefied-natural-gas terminals. All 12 French refineries have gone on strike. The country has also started to import electricity as the wave of protest action took hold of energy supplies. Students have taken to the streets, and the police used water cannons and tear gas to disperse protesters in cities like Paris, Marseille, Toulouse, and Bordeaux.

http://mises.org/daily/4804
Nov 8, 2010 at 4:45 AM | Registered CommenterDailyBail
Nov 8, 2010 at 4:46 AM | Registered CommenterDailyBail
The Six Stages of the Creation of the State

http://mises.org/daily/4759
Nov 8, 2010 at 4:53 AM | Registered CommenterDailyBail
Joseph Labadie: An American Original

http://mises.org/daily/4821
Nov 8, 2010 at 4:58 AM | Registered CommenterDailyBail
At least in Europe they figured out how bad they got screwed by the International Financiers. If Wall street desires class warfare lets grant them their wish. The waiting is on you Americans to join the rebellion.
Nov 8, 2010 at 6:30 PM | Unregistered Commenterfliteshare
And we've been waiting a while...there's no rebellion coming any time soon...not with dancing with the stars still on...;-)
Nov 9, 2010 at 2:49 AM | Registered CommenterDailyBail

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