Geithner’s Whorehouse Bank

The deception and corruptness of our Federal Government slowly is being revealed. Much of it is a result of the investigation and analysis of bloggers.

Under the hypothesis that sunlight is the best disinfectant, Bruce Krasting’s report on the Federal Financing Bank is reproduced below. The same nonsense is going on in most Federal agencies. The facade of government is erected on such rottenness of favoritism and crony deals:

The Federal Financing Bank (FFB) has released its August report. This is the bank that has provided the $500mm to Solyndra. Under normal conditions this monthly report would go unnoticed (except by folks like me). This time might be different. I would expect that a few Republicans are going to jump all over this. They should. The FFB is continuing to lend taxpayer money with virtually no oversight.

From the report:

Net holdings of government-guaranteed loans increased by $757.4 million.

Another ¾ of a billion out the door. Who got this money? Answer: The same characters that have gotten the “Free Money” since O/Timmy G. took control. The breakdown of the DOE advances and the pricing:

 

At the top of the list is a modest $3mm to our pals at Solyndra. Note that this was done on 7/15; just six-weeks before the lights went out at SOL. How about the % rate? 0.89%. We will never see a dime of the interest or principal on this advance. Nothing short of a joke; a bad one at that.

There was a total of $89,500,000 of other new loans to solar related projects. The DOE guaranteed loans now total a tidy $6 billion. That number will surely rise next month.

Ford gets another $163 million. Just what is it we are doing with Ford that requires this much money?

Unrelated to the DOE and the solar loans are the HOPE NOW BONDS. This is the money that will be used to facilitate a mortgage ReFi that I anticipate a formal announcement on in a matter of days. Note that the $491mm  was rolled over at a rate of 0.01%. Nearly half a billion dollars is outstanding. The cost is only $4,100 per month.

 

 

The Federal Reserve has recently announced that it will be increasing its surveillance of blogs. (They are already doing this in a big way) See FTAlphaville and Zero Hedge.

I have no doubt but that the Treasury Department is already doing the same. I have a message for those folks who are looking at the alternative press and the information they keep coming up with.

You’re Not Watching Us. We’re Watching You!

1 Comment

  1. Its truly shocking
    But the american “public” ie good folks just getting on with their lives and small busness and middle class (not on feds payroll)

    These people have had many shocks (starting with media hysteria against bush government :lies even repeated today!
    Its now a whole federal and media/academic industry to “take” from tax monies as much as they can and its speeding up in a bizarre way

    If public knew feds are spying on internet etc ………it would very quickly get tea party and all others interested to loudly put a stop to this (must be taken to court as well)
    So
    Public is so shell shocked by last ten years jihad/lies about war/lies about socialistic/entitlement congress and state employers everywhere
    As well as immigration problem

    The fiscal and economic failure of country following polisiees only looked at now by public: that I don’t know if they have the energy to focus and do something
    First the people (not “the people at governmentl) MUST surely be informed(advertising at least?)

    This is actually devastating stealth confiscation of taxes for insane /usless things of no benefit :only to leeches who to me RESEMBLE banana republics in africa(hello banana feds!)

    Shockingly bizarre

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