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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

JPMorgan Gave Lehman $138 Billion After Bankruptcy

JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing.

Webmaster's Commentary: 

Where did JP Morgan get that kind of cash? The Fed?

Comments

who owns the Fed

barryg

Its my understanding that Chase and JP Morgan together owned 52% of the Fed when it formed and now they are merged so that bank is the Fed. I am pretty sure I read that in a review of the book about Jekyll Island

Federal Reserve-backed advances

bfrank

$138 billion this week in Federal Reserve-backed advances

the fed just keeps on printing new money, it's almost like they want hyper-inflation.

what's the running total of bailouts?

Bear Stearns: $50 B
Lehman: $135 B
AIG: $85 B
F Mac & F Mae $?? B

i'm sure there's more, and that's just in the last few months

Where did JP Morgan get that kind of cash? The Fed?

boulderdash

JP Morgan = Rockefeller = The Fed

When all the smoke clears and there is just one bank left standing, you can bet your last dollar that the Rockefeller family will be in total control.

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