Good news for the commercial property industry. They will be saved too as the FED announced they will provide loans to finance the purchase of CMBS and other structures from July onward. The Fed is also evaluating the terms on which it could extend financing for investors to buy bubble-era subprime and jumbo mortgage-backed securities.
This crisis is unwinding as a fairy tale: we will all be saved in the end.
Elsewhere we mention that Congress is working on the Federal Reserve Transparency Act or known as HR 1207. As you know is the Federal Reserve Bank not really a central bank. They act as a central bank but they are a private company with shareholders as The Rotschilds, Goldman Sachs and many other names working in the shadow. They are not regulated and don’t have to report.
This crisis is unwinding as a fairy tale: we will all be saved in the end.
Elsewhere we mention that Congress is working on the Federal Reserve Transparency Act or known as HR 1207. As you know is the Federal Reserve Bank not really a central bank. They act as a central bank but they are a private company with shareholders as The Rotschilds, Goldman Sachs and many other names working in the shadow. They are not regulated and don’t have to report.
Since 2008, the Federal Reserve has loaned trillions of dollars in bailout money but refuses to tell Congress where it went. Legislative action is needed.
The Federal Reserve Transparency Act would give the GAO the authority to audit the Federal Reserve and report its findings to Congress. The bill was written by Rep. Ron Paul and has 165 cosponsors, mostly Republicans.
Democratic Congressman Alan Grayson is now working to get Democratic cosponsors for this bill (see Grayson's letter here).
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The Federal Reserve Transparency Act would give the GAO the authority to audit the Federal Reserve and report its findings to Congress. The bill was written by Rep. Ron Paul and has 165 cosponsors, mostly Republicans.
Democratic Congressman Alan Grayson is now working to get Democratic cosponsors for this bill (see Grayson's letter here).
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