Zombie Banks, Economic Tsunamis and the Gold at the Bottom of the Ocean
See the full post at Heal the Money Book website…
Many are losing their homes and livelihoods now due to an economic tsunami. While this disaster is man-made, its magnitude is sweeping a good many honorable people away in the surging undertow. The broader truth here is certainly the same as in a natural disaster: there is far greater value in the lives being lived than in the possessions lost.
Fed Refuses to Disclose Identity of Recipients of $2 Trillion in Loans
via Bloomberg.com: Worldwide Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. [snip] Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and [...]
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