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. 4, No. 24
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CURRENT

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Grand Theft Auto 5’s new feature on the re-release already has people talking.

The Erie-native and USA Today writer talks boxing, Ben Roethlisberger, and loving his hometown. And some odd things happened on the court recently.

When TV on the Radio singer Tunde Adebimpe sings “I should really give it up sometime” less than a minute into latest album Seeds, it almost sounds as if he recorded potential thoughts about the band’s future.

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IN THIS ISSUE

Why some neighborhoods are manicured while others get chopped

Grand Theft Auto 5’s new feature on the re-release already has people talking.

The Erie-native and USA Today writer talks boxing, Ben Roethlisberger, and loving his hometown. And some odd things happened on the court recently.

When TV on the Radio singer Tunde Adebimpe sings “I should really give it up sometime” less than a minute into latest album Seeds, it almost sounds as if he recorded potential thoughts about the band’s future.

After eight years of near silence, Irish singer-songwriter Damien Rice comes out with a soul-stirring bang on My Favourite Faded Fantasy

Nobody Wants to Be Here showcases The Twilight Sad’s penchant for fuzzy synths and echoing guitars, making for a haunting 10 tracks. 

Straight-up rock-inflicted blues at it’s finest

A look at the public meetings recently held and determing where to go from here.

Talking about the chance to tour with a band he’s admired, the Denver Nuggets, and being a huge music fan after seven years in the business 

Executive Chef Bill Fuller emphasizes fresh ingredients, craft beer, and distinct menu items with his Cal-Mex cuisine