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. 6, No. 11
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IN THIS ISSUE

The recent news that the superintendent of Erie’s Public Schools must consider closing the city’s four high schools to meet a fiduciary duty to the Commonwealth has left the community in a state of panic.

A Conversation with Mandy Fauble of UPMC Hamot and Safe Harbor Behavioral Health.

Mary Fabrizio McCarthy: dancer, pharmacist & former Frontier Pharmacy owner

Creating an innovative mindset in today’s knowledge economy. 

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