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.

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IN THIS ISSUE

The rise of the local microdistillery

Are you there, Erie? 

Bargaining for a decision

Crawford, Erie County fairs pull their weight in entertainment value

Music and culture galore define festivities

Witness Goodell Gardens and Homestead's first large-scale monarch butterfly release at the Monarch Butterfly Migration Celebration.

Each Demo album Wave Trails makes is more fleshed out than the last.

How to turn unassuming grains into an intoxicating beverage.

New coach Longstaff preaches player development 

One of those wood guitars