Did The Fed Quietly Bail Out A Bank On Tuesday?

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Sat, 12/17/2011 - 13:14 | 1989841 CalibratedConfidence
Sat, 12/17/2011 - 13:14 | 1989884 The Big Ching-aso
The Big Ching-aso's picture



If it was Tuesday the Fed must be bailing out Belgium?

Sat, 12/17/2011 - 13:26 | 1989907 Comay Mierda
Comay Mierda's picture

ZH is amazing.  The fed cant wait for the SOPA bill to pass to censor this website, though.  ZHers, enjoy it while you can

Sat, 12/17/2011 - 13:41 | 1989935 Fish Gone Bad
Fish Gone Bad's picture

I could not figure out why banks had stopped failing for the last few weeks (http://www.fdic.gov/bank/individual/failed/banklist.html), maybe the Fed was bailing out banks.

Sat, 12/17/2011 - 13:45 | 1989944 Comay Mierda
Comay Mierda's picture

bank bailout whack-a-mole until after consumermas is over

Sat, 12/17/2011 - 13:56 | 1989963 lotsoffun
lotsoffun's picture

yes - we have to make it to the next year.  at that point, anything is anybodys gues.  anybody want to guess why?

(hint- hint - the banker bonuses even though they may be limited.  and within that, it will be limited for the little guys, but lloyd, jamie and there closest buddies won't take a penny hit, they will be up).



Sat, 12/17/2011 - 15:16 | 1990115 redpill
redpill's picture

Based on how long it took to find out about the first round of bailouts, I'd say we should know who got bailed out here by 2015.

Sat, 12/17/2011 - 17:59 | 1990340 Mauibrad
Mauibrad's picture

Check it out Tyler, officially a new word, de-hypothecation


Sat, 12/17/2011 - 22:30 | 1990626 redpill
redpill's picture


How does the Gandhi quote go?  "First they ignore you, then they laugh at you, then they fight you, then you win."

Well the Republican establishment candidates and the media are done trying to ignore Ron Paul, they've tried and failed to laugh at him as his support has grown.  Now the long knives are coming out, and in the last days before the Iowa caucus they are trying to fight him.

Please help with the Ron Paul Money Bomb this weekend, www.ronpaul2012.com - they are very close to their goal, even a measly $10 will be a help (which won't be worth $10 for long with the all the Federal Reserve is doing, so hurry!).

The bad news is that the smears and mischaracterizations are likely to continue from here on out.  It's official, Ron Paul is a THREAT.

The good news is the last part of that Gandhi quote.  Here's to Ron Paul's victory on January 3rd in Iowa!


Sat, 12/17/2011 - 23:56 | 1990702 wisefool
wisefool's picture

You cant make this stuff up folks. Newt is the type of guy at the stage of oppulence in his life that he bragged in the last debate about "training 1 and 2 star generals" Ron Paul got drafted. If there are any generals who run around with pantywaist Newt as a mentor I am going to stick my ...

Sun, 12/18/2011 - 02:19 | 1990848 AldousHuxley
AldousHuxley's picture

Newt family values = upgrade your wife when whe gets old


BAC about to hit $5 again for the 3rd time in 3 months.





Sun, 12/18/2011 - 11:14 | 1991383 saiybat
saiybat's picture

Here's what Newt thinks about family values


"A new civilization is emerging in our lives, and blind men everywhere are trying to suppress it. This new civilization brings with it new family styles, changed ways...a new economy, new political conflicts, and...altered consciousness... Humanity faces a quantum leap forward. This is the meaning of the Third Wave…

Our argument is based on what we call the “revolutionary premise”... The revolutionary premise liberates our intellect and will.

Nationalism is...First Wave. The globalization of business and finance required by advancing Third Wave economies routinely punctures the national “sovereignty” the nationalists hold so dear...

As economies are transformed by the Third Wave, they are compelled to surrender part of their sovereignty... Poets and intellectuals of Third Wave states sing the virtues of a “borderless” world and “planetary consciousness.”

The Third Wave...demassifies culture, values, and morality... There are more diverse religious belief systems.

The Constitution of the United States needs to be reconsidered and altered...to create a whole new structure of government... Building a Third Wave civilization on the wreckage of Second Wave institutions involves the design of new, more appropriate political structures... The system that served us so well must, in its turn, die and be replaced."

- Newt Gingrich

Sun, 12/18/2011 - 12:07 | 1991489 falak pema
falak pema's picture

so there is a grand plan called the third wave... I hope its not coming from Fukushima!

Demassifying value systems, making them diffuse, but not polluting them to extinction, would be a blessing in itself.

I wonder what is the beef behind the hype.

Sun, 12/18/2011 - 01:26 | 1990777 aerojet
aerojet's picture

Even if Mr. Paul manages to beat the odds and get elected, it is 10 years too late to do anything useful about the problem. 

Sun, 12/18/2011 - 01:43 | 1990790 UP Forester
UP Forester's picture

If there's someone that can pull the yoke and keep the 747 from nosing straight into the ground, it's Dr. Paul the elder.


Sure would be a lot easier to clean up and rebuild from a belly-landing than a big smoking hole.

Sun, 12/18/2011 - 02:23 | 1990856 AldousHuxley
AldousHuxley's picture

Ron Paul's weakness as a politician is that he tells the truth....


bunch of undereducated Americans can't handle the truth and the elites will use this to stay in power.


some reason, short politicians seem to be the smartest because they get voted into power due to policy or brains rather than looks or rhetoric.



Sun, 12/18/2011 - 02:55 | 1990901 UP Forester
UP Forester's picture

Truth hurts.

But then again, so does getting clubbed in the head and drug off to a FEMA camp.

Sun, 12/18/2011 - 02:42 | 1990882 thegr8whorebabylon
thegr8whorebabylon's picture

10 years too late?  bullshit.  RP wins we get to live.

Sun, 12/18/2011 - 03:58 | 1990955 Heyoka Bianco
Heyoka Bianco's picture

"First they ignore you, then they laugh at you, then they fight you, then you win." That career path also applies to Hitler, you know.


Ron Paul is hardly a real threat, and he sure as hell ain't a real answer. He does give a good vewrbal handjob, especially to the young and asocial males, I'll grant him that.


Why don't all you "libertarian" ZHerrs just admit it: you want a king, a star to follow, a "benevolent" dictator to take away that nasty world out there of people who MIGHT HAVE DIFFERENT IDEAS! Extermionete! Exterminate!

Sun, 12/18/2011 - 04:46 | 1991001 OldPhart
OldPhart's picture

Heyoka Bianco member two weeks, two days.

Following the Constitution is not "wishing for a king" nor do we want any sort of dictator...we have one already in the form of Congress and the President.

As to those with different ideas, they are welcome as long as the ideas conform to the Constitutional basis that underlie our country.  If not, fuck off.

There are many in government, as of a few days ago (if not decades earlier) that should be shot on sight as traitors to the american people.  Perhaps that what you mean by "Extermionete! (sic) Exterminate!".  Many of us agree.

Ron Paul IS a real threat to the powers that be and will probably be "exterminate"d by them if he captures the nomination.  Similar to Robert and John Kennedy.  I expect that his nomination, after votes, will be denied by the Republican party and one of the other cookie cutter drones will be named instead.


Tue, 12/20/2011 - 11:43 | 1997628 mick_richfield
mick_richfield's picture

How does the Gandhi quote go?

It goes like this:

All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident

Arthur Schopenhauer

Sat, 12/17/2011 - 17:24 | 1990306 Michael
Michael's picture

I'd like to see our overlords reaction knowing the impact of credibility and name recognition this encounter gives Dr Ron Paul.

Dr Ron Paul Joe Rogan Man Love Moment on Jay Leno Dec 16 2011



Sat, 12/17/2011 - 18:59 | 1990406 Careless Whisper
Careless Whisper's picture

The Joe Rogan endorsement is huge because it will get alot of men to take a look at Ron Paul's policies.

Sat, 12/17/2011 - 20:01 | 1990486 dizzyfingers
dizzyfingers's picture

I might have to vote for Ron Paul as antidote to the Kleptocrats being put foward by the republicans. And maybe move to Texas into the bargain. Eff Illinois.

Sat, 12/17/2011 - 21:23 | 1990572 Raskolnikoff
Raskolnikoff's picture

Both Perry and Gingrich have expressed the idea of holding the Fed accountable. Perry even brought up the word 'Treason' and the Fed in the same sentence. I like Ron Paul, but it seems the political winds are changing, as you can sugar coat the inflation stats, but many voters do the shopping for themselves, you can't fool them with the terms non-cor inflation and the incredibly shrinking boxes and packages of food as well as the lowering of the quality of food..., had a pop tart the other day...with just a splash of sugary icing and the crust tasted like cardboard...poptarts never tasted that good anyway, but they have become laughable shells of their former selves, as you know the company that is making them is skimping on the input ingrediants. The coming events will force many a politician to abandon the status quo and literally run for their political lives.

Sat, 12/17/2011 - 23:10 | 1990661 Teamtc321
Teamtc321's picture

A pop tart? Really..........

Sun, 12/18/2011 - 00:38 | 1990693 TruthInSunshine
TruthInSunshine's picture

Perry & especially Romney may talk the talk on opposing The Federal Reserve's destructive policies, but they'd never walk the walk.

While no one can predict the future, Ron Paul is the only one who has significant credibility when he claims that he'd actively oppose The Federal Reserve's ability to distort and break markets, and to debase the currency.

We're at a fundamental point in the history of what is our young nation:  We now have more Americans, even though it's still a very small percentage of the total population, waking up to fact that having a fractional reserve central bank that is literally unrestrained in its ability to create as much fiat as it desires and funnel that fiat to whatever entities it desires, at whatever interest rate it desires, effectively picking winners & losers and subsidizing specific economic actors at the direct harm (as everything is relative) of others, is a prescription for ruin. Americans that are awakening to these facts tend to not like this form of monetary central planning, and tend to believe that it's tainted by cronyism and nepotism (as the financial sector of the economy is given preference in all ways, all the time, over other sectors of the economy, and as their is deep capture of the individuals who set policy at The Federal Reserve by Wall Street).




Sun, 12/18/2011 - 01:59 | 1990816 Joseph Jones
Joseph Jones's picture

Does anyone need another reason than this to know that Romney is Satanic?  He appointed dual-citizen (Israel) Michael Chertoff as Chief of his foreign policy team.   

Sun, 12/18/2011 - 02:30 | 1990871 AldousHuxley
AldousHuxley's picture

Perry just doesn't pass the IQ test.


Romney is your typical greedy wall streeter


Gingerich is your hypocrite....."grand daddy of earmarks" "conservative"


Ron Paul....no wall st. high IQ as Dr., real conservative......


but republican these days hate real conservatives because they depend on WAR mongering to profit.



Sun, 12/18/2011 - 02:57 | 1990905 Michael
Michael's picture

Yeah, but do they have anything like this working for them except Dr Paul?


Sun, 12/18/2011 - 03:09 | 1990922 Michael
Michael's picture

A complete and total economic collapse of 1/3rd of the world economy, Europe, is currently underway. The Eurozone is finished. It won't be long till the economic fallout engulfs the entire planet Including the USA that is already bankrupt. If you don't read Zero Hedge you probably didn't know this bit of current events trivia that's concerning more and more people. Current economic events is why people are flocking to the? Ron Paul camp. The bank buildings will survive and be recycled.

Sun, 12/18/2011 - 04:20 | 1990982 Michael
Michael's picture

Here's the Christmas card your government sent you this year.

Merry fucking Christmas!

Bradley Manning Defense Reveals Alter Ego Named ‘Breanna Manning’


Sat, 12/17/2011 - 23:31 | 1990683 delacroix
delacroix's picture

It's part of the conditioning program, to get people to  accept mediocrity, in all areas of life.

Sun, 12/18/2011 - 01:05 | 1990759 Calmyourself
Calmyourself's picture

I have seen many examples i nthe last 3 years it has been very noticeable i nthe last six months.  All corporations are doing it from food ingredients to poor service..

Sat, 12/17/2011 - 13:45 | 1989946 The Big Ching-aso
The Big Ching-aso's picture



I can tell you have an acute sense of smell for these sorts of things.

Sat, 12/17/2011 - 13:57 | 1989964 Quinvarius
Quinvarius's picture

They are printing so much money.  This PM pullback is laughable.  There are tons of dollars out there, but the banks will always need more and more of them.  This is so Weimar, it is ridiculous.

Sat, 12/17/2011 - 15:49 | 1990124 nope-1004
nope-1004's picture

They are printing SOOOO much money and currency debauchery is SOOOOO prevalent, manipulation of precious metals is REQUIRED.  Otherwise, reserve currency is done.

Anyone that thinks PM's are not manipulated is clueless.  Or, as Dave in Denver says, "Anyone who looks at this data and does not admit that the big market corrections we experience in gold and silver are the product of illegal manipulation is an idiot."  A must read:  http://truthingold.blogspot.com


Sat, 12/17/2011 - 19:10 | 1990423 Popo
Popo's picture

Which is why you should buy oil. They can smash gold... But oil is what scares the hell out of them.

Sat, 12/17/2011 - 20:05 | 1990492 dizzyfingers
dizzyfingers's picture

don't think it scares them. http://www.globalresearch.ca/index.php?context=va&aid=25080 It's all one big happy family grinning and giving you the finger now matter which way the market or any commodity moves.

Sat, 12/17/2011 - 21:56 | 1990599 el Gallinazo
el Gallinazo's picture

You going physical oil?

Sun, 12/18/2011 - 00:05 | 1990717 Raymond Reason
Raymond Reason's picture

Anyone have any idea why the price of gasoline has dropped, but deisel hasn't changed much?

Sun, 12/18/2011 - 01:42 | 1990789 Prairie Fire
Prairie Fire's picture

Where are you? I'm in Alberta and it's the same here.

On the news it's a local disruption. I was in Saskatchewan 2 weeks ago and same thing.

Doesn't make sense.

Sun, 12/18/2011 - 02:54 | 1990899 thegr8whorebabylon
thegr8whorebabylon's picture

if deisel drops, heating oil falls, so wait for spring.

Sat, 12/17/2011 - 15:48 | 1990163 rocker
rocker's picture

JPMorgan has rented or bought a new vault this year for a reason.  Surely it is not stashing cash notes. Hmmmm.

Sat, 12/17/2011 - 17:38 | 1990297 TruthInSunshine
TruthInSunshine's picture

CONfidence Ponzi will run as long as until a certain % of the population becomes even the slightest bit awakened to how fiat currency is created, where it comes from and how it ultimately adversely impacts them and their standard of living and opportunity costs. This % doesn't necessarily need to be very high; if 10% or even 5% or so of the population essentially chose to opt out of the fractional reserve fiat currency game (see below as to how), this could be more than enough to cause critical problems for the fractional reserve banking scam & govermental confiscation schemes (U.S. citizens are really taxed at levels exceeding 90% when all fees, levels of taxations and inflation are taken into consideration). Moreover, if 5% became aware to the point that they chose to opt out, this would indicate a trend was underway whereby that % would soon be 15%, and 25%, and so forth (as the government tried to dig fire breaks, in what would then be a destined to fail bid to keep the Ponzi alive).

The last thing the fractional reserve central banks want is to have to fight alternate currencies, whether they're being used openly or underground, as this threatens their very existence, and also neuters their ability to affect the economy (if even only marginally) via monetary policy; this is why the Federal Reserve was given a monopoly on the creation and distribution of what is the only legal 'tender' for the payments of all debt, both public & private, via the use of Federal Reserve Notes (not dollars or greenbacks) having no inherent value other than a claim that the face value of the note will be honored by way of the full faith and credit clause; this is why barter is highly discouraged, why the wider spread the use of alternate (and real) money such as silver and gold coins is punished (and if the practice broadens enough, is always and inevitably made illegal, with confiscation likely); this is why the banking system as we now know it, with banks networked with the Federal Reserve, would completely collapse if Federal Reserve Notes had any significant competition, as no one would choose the DOZENS of layers of taxable events and transactional costs associated with using the monopoly fiat that is Federal Reserve Notes if they had any viable alternative; this is why Alan Greenspan wrote (prior to his time as an official and ultimately a Chairman of The non-Federal Reserve non-Bank) that gold was the ultimate enemy of the fractional reserve banking system, as its widespread use as currency would completely lay bare the confiscatory system of wealth robbing schemes, on many layers, that is a fractional reserve banking system, and why fractional reserve central bankers viewed gold with hostility, and would go to any lengths to ensure that it (or any other inherently valuable asset that could be used as alternate currency) would never be allowed to be supplant the use of Federal Reserve Notes; this is why central bankers do not highlight and grimace at open discussion of and attention paid to historical events whereby fiat was depegged from the gold standard, or events where any constraint on the ability of the  central bank to conjure fiat from thin air at no cost to it was done away with (events such as Bretton Woods, or, even more fundamentally, the 1910 meeting on Jekyll Island, Georgia, whereby the Money Masters revived a central bank that had been killed three times prior).

Given a choice, if it were legal, rational people would choose to trade their skills, physical goods, etc. in exchange for those of others, as the transactional costs in doing so are de minimus, and the transactions yield far more efficient gains, free of fractional reserve parasitism and governmental 'middle man cuts.'

Think of this one example:

Mr. Smith is self-employed, and a very successful businessman. Let's say that he is a real estate developer. For every dollar of revenue that Mr. Smith generates, he will keep a mere 20 cents up until the time of his death, and after that time, every dollar he earned and saved will be reduced by well over 95%.

He pays a corporate and/or personal tax rate of at least 28% and as high as 36%, for starters. He then pays a tax to the state he lives in which could be ashigh as 12%. Every time he purchases something with each dollar, there is a general sales tax, with additional taxes on many purchases, such as gasoline, alcohol, etc. He pays tax on each piece of real estate, whether vacant, or with a structure of any kind on it. He pays a personal property tax. He pays a tax on his employees. He pays taxes and fees for licenses, permits, and other red tape schemes.

At just this point, he has had the federal, state and local authorities take in excess of 50% of each and every dollar he has generated through his work, ingenuity and industry.

After the 50%+ is put into a bank or other saving instrument, inflation of about 2.2% to 4% annually erodes his savings, and any interest or dividends are taxed by both the federal and state, again.

So, depending on for how long Mr. Smith lives, he will see another 15% to 30% loss on the money he has saved, on top of what was taken prior.

Then, at the time of his death, the government will take another massive amount from whatever he has managed to save, and that amount could be as high as 55% under current federal estate tax rates.

A NON-FRACTIONAL RESERVE FIAT system wouldn't allow the banks and the government to essentially swipe this insane amount of savings that was produced from individual effort in such an eggregious and punitive manner.



"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

--Alan Greenspan, Gold & Economic Freedom (1966)

Sat, 12/17/2011 - 18:04 | 1990345 Teamtc321
Teamtc321's picture

^Plus 1000

Sat, 12/17/2011 - 20:00 | 1990480 JoeSexPack
JoeSexPack's picture

Very well-wrritten.


ZH is great for quality analysis of of fiat money & fractional-reserve banking.

Sat, 12/17/2011 - 20:15 | 1990504 dizzyfingers
dizzyfingers's picture

Once 50% of voters are young, watch how fast Medicare and Social Security disappear. When young folks are allowedinto the drivers seat, Boomers and elders are effed. Not that they aren't already; can't sell their homes, can't retire, can't kick out their kids and grandkids who'd like them to die and will their jobs and estates to them.

And later the Ruling Class can bilk the youngers too!!

An endless ride for the lords.

But maybe the sheeple will wake up.

Nah! Too much to hope for.

Sun, 12/18/2011 - 02:05 | 1990822 Joseph Jones
Joseph Jones's picture

Senior voters economically pistol whip the young.  Do the young protest?  No.  They're too busy watching reality shows, listening to hip hop with ear buds, and texting to care.  It's quite remarkable.   

Sat, 12/17/2011 - 21:22 | 1990570 Ima anal sphincter
Ima anal sphincter's picture

TruthInSunshine......always a good read. Always correct.

Do NOT follow this link or you will be banned from the site!