Bloomberg Releases Fed's Secret Bank Data

Federal Reserve Bank

Bloomberg News has released spreadsheets showing daily borrowing totals for 407 banks and companies that tapped Federal Reserve emergency programs during the 2007 to 2009 financial crisis. It’s the first time such data have been publicly available in this form.

To download a zip file of the spreadsheets, go to http://bit.ly/Bloomberg-Fed-Data.

For an explanation of the files, see the one labeled “1a Fed Data Roadmap.”

More at Bloomberg News.
 

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Posted on December 27, 2011 09:43 by Tom Herod
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Categories: Due Diligence | Huge Balls | Regulation
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Ron Paul Is FED Up

Ron PaulRon Paul, U.S. Congressman representing the 14th district in Texas, wrote an article for Forbes.com on Friday, May 15th calling for the audit of the Federal Reserve.

He starts out by stating, "Trillions of dollars worth of loans and guarantees have been provided to Wall Street firms, while Main Street Americans suffocate under harsh taxation, the prospect of higher debt levels and increasing inflation."

Suffocating under harsh taxation? You think taxes in the U.S. are oppressive? Try living in Germany, UK, Australia, Austria, Belgium, Denmark, Israel, Sweden, or any other country where the quality of life is decent. Check Wikipedia's report on Tax Rates around the world and tell me that we're suffocating.

Paul further stated that he was, "... a proponent of eliminating the Federal Reserve System altogether," but never offers an alternative solution.  If Congress wants to audit the Fed, its fine with me, but let's try to understand the ultimate objective before we start marching down that road.

 

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Posted on May 17, 2009 15:21 by Tom Herod
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Categories: Global Economy
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