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Politics and Religion

Looks like Bernie needs to learn how banking works
anonymousfun 6 Reviews 2180 reads
posted

Exactly what happens when you don't know shit, congressional aide doesn't know shit and starts writing letters about something they don't know shit about.

Just may work with the stupid voters who haven't read shit since they left school, i,e. if they ever did.

Posted By: marikod
      The loans in question were apparently discount window loans made to the Arab Banking Company in 2008 when Libya was a minority shareholder and after the Lehman Brothers fall. The bank itself played a major role in making loans to US companies doing business in the Mid East. So there was a legit US interest.

      And of course at that time we were getting along with Libya reasonably well. Not like the loans were made last week.

butterflydust2481 reads

here's the part i find most interesting... "In another dubious twist, the Fed loans, at interest rates as low as 0.25 percent, relied on U.S. Treasury securities as collateral.  In other words, at the same time that the Arab Banking Corp. was borrowing money at almost zero interest from one arm of the government, the Fed, it was lending money at a higher interest rate to another arm of the U.S. government, the Treasury Department."

hmmm...

Related Link: curiouser and curiouser...

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marikod1054 reads

The loans in question were apparently discount window loans made to the Arab Banking Company in 2008 when Libya was a minority shareholder and after the Lehman Brothers fall. The bank itself played a major role in making loans to US companies doing business in the Mid East. So there was a legit US interest.

      And of course at that time we were getting along with Libya reasonably well. Not like the loans were made last week.

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anonymousfun2181 reads

Exactly what happens when you don't know shit, congressional aide doesn't know shit and starts writing letters about something they don't know shit about.

Just may work with the stupid voters who haven't read shit since they left school, i,e. if they ever did.

Posted By: marikod
      The loans in question were apparently discount window loans made to the Arab Banking Company in 2008 when Libya was a minority shareholder and after the Lehman Brothers fall. The bank itself played a major role in making loans to US companies doing business in the Mid East. So there was a legit US interest.

      And of course at that time we were getting along with Libya reasonably well. Not like the loans were made last week.

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WannaBeBFE1431 reads

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willywonka4u1408 reads

...and it certainly sounds fishy to me. The better question however, is when are you going to come back to D.C.? :)

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