pericules..its time the banks PAID THEIR OWN WAY
a cumalitive total reveals...that many bailouts have been gifted to banks...[yes their outstanding debt..CURRENTLY..might sound small using spin

but then AGAIN
you take that too far

we say audit the fed..FULLY and completly
stock take the assets etc

you say its been audited

so lets read what was audited[from your link]
and what wasnt

""Why GAO Did This Study
The Dodd-Frank Wall Street Reform
and Consumer Protection Act directed
GAO to conduct..a one-time audit/

*of the
emergency loan programs and other
assistance authorized by the Board of
Governors of the Federal Reserve
System (Federal Reserve Board)
during the recent financial crisis.*""

lol

""This
report examines
*the emergency actions taken by the Federal Reserve
Board from December 1, 2007, through
July 21, 2010.*

For each of these
actions, where relevant, GAO’s
objectives included

*a review of (1) the
basis and purpose for its authorization,
as well as accounting and financial
reporting internal controls;

*(2) the use,
selection, and payment of vendors;

*(3) management of conflicts of interest;

*(4) policies in place to secure loan
repayment; and

*(5) the treatment of
program participants.

To meet these
objectives, GAO reviewed program
documentation, analyzed program
data, and interviewed officials from the
Federal Reserve Board and Reserve
Banks (Federal Reserve System).""

hardly what is needed
full audit..not a partial audit

ol mate stop spining/distortion
face full facts

Fair enough, one under god, the audit wasn't the "full" audit. But it was a neat line of mine, wasn't it?

But enough of the sidetracking.

Coming back to the Arjay's opening post for this thread:

>>The US Federal Reserve (A private group of banks) has moved debts of the Bank Of America onto the the FDIC<<

We now know that this did not happen, don't we? We now understand a little bit more about the function and capability of the FDIC, so in future we won't make the same elementary mistake, will we.

>>This is another bailout and means more debt for the US people while the bankers get off Scot free again... This bailout will mean more money printing and the further destruction of the US $<<

We now understand that underwriting the losses of ordinary depositors does not necesarily mean either i) more debt for the US people, or ii) that "the bankers get off Scot free" - primarily because the premiums from the Banks will be lifted to cover any payout.

>>This is the third biggests Corporation in the world that makes up 80% of retail banking in the USA<<

We also have found out, have we not, that neither part of this sentence is true.

In summary, none of Arjay's assertions holds up. Factually incorrect, plus faulty reasoning.

Additionally, we have learned to differentiate between "gross" and "net", have we not? This will come in handy when trying to get one's head around the concept of "$75 trillion of derivatives", the amount detailed in Arjay's complaint. In the article he points us to, they sneak in the odd subtle qualifier, which tends to go unnoticed by you thrillseekers...

"...the New York-based firm’s $79 trillion of notional derivatives..."

Did you see it?

It's that word "notional".

Your homework for today is to understand why they slipped that word in. Once you work that out, you'll know how a Bank with only a little over a trillion dollars in deposits, can support "$79 trillion of notional derivatives"

It will help you sleep better, I promise.

per's quote..""in future we won't make the same elementary mistake,..will we.""

oh come on pericules..the same old defaults as in the past
will be made by the same money loving phycopath's

jesus went angry at the money changers in the temple mate

ceasor got killed by the bankers
for minting his own money

sadam insane..[iraq]..got killed
for daring to make gold coin the only legal tender for his oil

ie sought to demand..his own money]
so too gladfly[caddaffee]gadaffie]
they tried to bring back balance
[AWAY FROM THE BANKERS who run govts]

and then we get into the other events
where bankers made civil war..assasinations
thousands of them

cause the same sickness of the money lenders
needs the same cure

stop govt lending at intrest from the bankers
stop letting bankers set their own terms

why do you need to twist what we are saying

arjay..quote..>>This is another bailout
and means more debt for the US people..while the bankers get off Scot free again...!""

THATS TOTALLY TRUE..!

qrjay..""This bailout will mean more money printing
and the further destruction of the US $<<""

thats true too
mate the yanki dollar has deflated in its value
[inflation only inflates the ammount
not the bying power]

one dollar today
buys what one penny used to buy

if you hold cash..it gets deflated..into nothing[inflation]
the more paper..the less its worth

then you say..""We now understand that underwriting the losses of ordinary depositors""

we arnt talking about depositers
were talking about those..who steal..the depositers money!

think WHY GOVT NEDS TO UNDERWRITE..a bank?

it needs to honour its 'underwriting'..
by borrowing it AT INTREST
FROM THE BANK...!

govt debt can only increase!
look at its history by numbers!

we defate the value of the top end[paper]
but that aslso deflates the coin[at the base]
till we reach the absuditY..that the metal in a coin

*costs more than its face value!

[thats why i say reflate back to its historic[true real value]..by adding back two zero's..to face value[by right of siegnorage]

we got to sepperate the 'virtual paper/promise
from the real economy[coin]

[dont try to split words meanings]
govt control didnt work
banker control has failed

so govt asume BACK coin[at its intended true value in silver
by face not content]

and capitalists lease paper..from a fed
run equally by accountable govt members and bankers

with no bonus for any trustees on the fed board
and wage parity with govt official..not corperatre excess

thats how qld got 80 BILLION into debt
thats how qld'ers...pay 100 million in intrest on it PER WEEK*

thats why our power/water/rego/fines/etc
costs double usa power/etc cost

adin the local council debt..
plus the ever growing fed debt
plus govt dept debt..plus privatised national asset debt
plus corperate debt.[for things like sport clubs/hospitals/power generation systyems etc]

and you got the hide to mention govt guarente of OUR SAVINGS

""does not necesarily mean either i)
more debt for the US people,""

yes it do mate
govt bailout needs cash[or rather an intrest bearing GOVT BOND
that increases any debt NEEDING FUTURE..bailout..[its a vicious circle]

""or ii) that "the bankers get off Scot free"""

lol yes i know the prisons are full of em
lol they got huge money for lawers[thanks to their anual bonus]
so more govt 'borrowing'..from banklers to fight the courtcase[then when they loose as the surelly will[recall oj simpson]

MORE URSURY DEBT
lent from bankers

""primarily because the premiums
from the Banks will be lifted to cover any payout.}}

but mate
WHAT IF BY CLEVER BRIBE[or clever loophole or clever lawyer..THEY WIN[again]

and if all else faile
start a new war
or kill the messANGER
again

sems the 'stock exchange is having a 'teqnical glich'

lol

the virtual economy meltdown?

they only trade in promises for share
not actual shares

http://beforeitsnews.com/story/1285/006/Banks_Have_Put_Americans_On_The_Hook_For_Trillions:_Restore_Glass-Steagall.html
http://vidrebel.wordpress.com/2011/10/26/a-fractional-reserve-gold-standard-the-next-big-fraud/

Ephesians 5:11 And have no fellowship
with the unfruitful works of darkness,..but rather reprove them.
http://dailybail.com/home/video-fist-fight-in-italian-parliament-as-dysfunctional-gove.html

http://www.truth-out.org/occupy-wall-streets-battle-against-american-style-authoritarianism/1319570241

12/for it is a shame..to even speak of those things..done in secret..

http://theintelhub.com/2011/10/26/feds-order-you-tube-to-remove-video-for-containing-%E2%80%9Cgovernment-criticism%E2%80%9D/
http://www.cbsnews.com/8301-500202_162-20125720/mexican-drug-suspect-u.s-gave-me-immunity/
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=16455
http://whatreallyhappened.com/RANCHO/POLITICS/ARCHIVE/CRIMES_OF_MENA.html
http://dailybail.com/home/disgraced-hedge-fund-manager-john-paulson-sends-bankster-shi.html
http://www.youtube.com/watch?v=TM23k_LXWlc&feature=player_embedded
http://content.usatoday.com/communities/ondeadline/post/2011/10/wall-street-banks-getting-nsa-intel-on-foreign-hackers/1?csp=34news&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomNation-TopStories+%28News+-+Nation+-+Top+Stories%29

13/but all things that are reproved..are made manifest..by the light..
for what ever doth..*manifest..is of the light
http://weeklyintercept.blogspot.com/2011/10/hillary-clinton-knew-of-qaddafi-white.html

ie
only the real economy egsists
http://news.antiwar.com/2011/10/25/billions-lost-in-secret-federal-reserve-funding-of-iraq-war/

http://poorrichards-blog.blogspot.com/2011/10/european-debt-crisis-creditors-are.html
http://dailybail.com/home/behind-europes-debt-crisis-lurks-another-giant-bailout-of-wa.html
http://www.rollingstone.com/politics/blogs/taibblog/owss-beef-wall-street-isnt-winning-its-cheating-20111025?link=mostpopular2

bankers stealing houses
rebuked
http://globalresearch.ca/index.php?context=va&aid=27282
http://www.youtube.com/watch?v=kkUKW8NtJdE

whats the real issue
http://www.alternet.org/occupywallst/152811/the_shocking%2C_graphic_data_that_shows_exactly_what_motivates_the_occupy_movement_/
http://whatreallyhappened.com/IMAGES/slavevtaxpayer.jpg

heck get your own info
http://whatreallyhappened.com/

Oh dear.

Was it something I said, I wonder?

Take a deep breath, one under god, and try again.

Only this time, be a bit more specific, instead of just objecting incoherently to the little truths I have been introducing you to.

Incidentally, one other point in Arjay's post that is incorrect: Bank of America is not insolvent.

Just thought I'd mention it.