The Real Housewives of Wall Street...

[chilliwilli]

Not surprised by any of this, as i've been following for some time but interesting read however...and no, i don't believe this belongs in the politricks forum.

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

Originally Posted by Rolling Stone

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And then there are the bailout deals that make no sense at all. Republicans go mad over spending on health care and school for Mexican illegals. So why aren't they flipping out over the $9.6 billion in loans the Fed made to the Central Bank of Mexico? How do we explain the $2.2 billion in loans that went to the Korea Development Bank, the biggest state bank of South Korea, whose sole purpose is to promote development in South Korea? And at a time when America is borrowing from the Middle East at interest rates of three percent, why did the Fed extend $35 billion in loans to the Arab Banking Corporation of Bahrain at interest rates as low as one quarter of one point?

Even more disturbing, the major stakeholder in the Bahrain bank is none other than the Central Bank of Libya, which owns 59 percent of the operation. In fact, the Bahrain bank just received a special exemption from the U.S. Treasury to prevent its assets from being frozen in accord with economic sanctions. That's right: Muammar Qaddafi received more than 70 loans from the Federal Reserve, along with the Real Housewives of Wall Street.

Perhaps the most irritating facet of all of these transactions is the fact that hundreds of millions of Fed dollars were given out to hedge funds and other investors with addresses in the Cayman Islands. Many of those addresses belong to companies with American affiliations — including prominent Wall Street names like Pimco, Blackstone and . . . Christy Mack. Yes, even Waterfall TALF Opportunity is an offshore company.

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Source

[JCL]

Originally Posted by chilliwilli

...and no, I don't believe this belongs in the politics forum.

Just wondered why you believe that.

[chilliwilli]

Originally Posted by chilliwilli

...and no, I don't believe this belongs in the politricks forum.

Originally Posted by JCL

Just wondered why you believe that.

Simple...imo politics now, more than ever, has much less ado with governance of the people for the people. The root institution of this subject matter has zero accountability, even when at the alter of said governance. The tricksters themselves have been and continue to be tricked...or so they lead the public to believe.

There are just as many googled opinions here as any other...Besides, the lounge seems to generate more traffic than the politricks forum.

[Jordo]

Nothing pisses me off more then a gold digger......... wait!!!.... News Flash! Nothing pisses me off more then a gold digger... that some how got some of MY TAX MONEY! I think there is a few gold diggers that owe me somthing for my tax money !!!!!