Jon Stewart on $7 Trillion in Secret Loans to Wall Street Banks During Financial Crisis

Category:  BloggERy
Friday, December 9th, 2011 at 9:07 PM
Jon Stewart on $7 Trillion in Secret Loans to Wall Street Banks During Financial Crisis by Jay Stevens
DinoVedo

So in that cover piece I wrote on Occupy Erie and the Occupy movement, I mentioned that the government loaned trillions in zero-interest loans to Wall Street banks during the financial crisis -- which they turned around and loaned back the government at standard interest rates, profiting for over $10 billion on the deal -- well, Jon Stewart explains how it worked.

It's the first 8 minutes. Go watch.

Erie Reader: Vol. 7, No. 9
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Erie’s leaders have an opportunity to shape the conversation, and thereby bring about real change. 

Eight innovative companies influencing our region

Local refugees and immigrants show a true entrepreneurial spirit.

Back-to-back shows at Basement Transmissions showcase two modern giants of metal  

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IN THIS ISSUE

Eight innovative companies influencing our region

Local refugees and immigrants show a true entrepreneurial spirit.

Back-to-back shows at Basement Transmissions showcase two modern giants of metal  

Jim Donovan & Sun King Warriors are bringing their light to the Kings Rook Club on Saturday, May 6.

AInterplanetary Class Classics sets modest goals and accomplishes every last one of them.

Business advice from a few of our past honorees 

Erie’s urban farming initiative up for final vetting at May 3rd public hearing

 

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Scotty’s Martini Lounge brings two of the region’s O.G. punk bands to Erie for their “Seis de Mayo” party.

Steve Scull will serve as moderator for the Erie Mayoral Debate on Thursday, May 4.