On Mar 9, 2009, at 8:24 PM, Chris Gehlker wrote: > > On Mar 9, 2009, at 3:42 PM, Patrick Coskren wrote: > >> We've discussed before how that $10 trillion number is bogus. It >> includes the balances of all accounts covered by FDIC, that is, the >> first $250,000 of every consumer bank account in America. The only >> way it'll be spent is if every bank in America defaults on the value >> of every savings account. If that happens, we'll have bigger >> problems. >> >> I agree on the point about Federal Reserve secrecy. > > > > Well said.
Well if they start saying who i getting what publicly it will cause a public panic. I don't agree this should be said in public hearings. Maybe in private ones, at least for now. One of the big problems during the great depression was the run on the banks. --Larry _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
