Goldman Sachs Loves Dirty Fed Money

Now it is painfully clear why Fed officials and filthy banksters didn't want anyone knowing who was lending what to whom. Too bad, now we know.

The NYT reports:

A unit of Goldman Sachs took the biggest single loan from a Federal Reserve lending program whose details have been secret until now.

The Goldman Sachs unit borrowed $15 billion from the Federal Reserve on Dec. 9, 2008, the Fed said in data released on Wednesday. The Fed made 28-day loans from March 7, 2008, to Dec. 30, 2008, as part of an $80 billion initiative, the central bank said. The information was released in response to a Freedom of Information Act request by Bloomberg News.

Think about this... The Fed does this all the time (though probably not to such extremes as in 2008) and we never hear about it. No, wait, we are not allowed to hear about it and it takes an act of the Supreme Court to get just this little bit of info.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Anonymous said...

GS down 49.25% over the past five years. They SHOULD be out of business by now but that's a different discussion.