by Anonymous
on Wed, 12/23/2009 - 21:50
#173378
the fed is insolvent....it has been insolvent since august 2008....the suspension of mark to market was only partially to benefit the vampire squids of wall street....the real beneficiary was the fed who knew it was about to embark on a course to buy worthless mbs crap from the squids....the timing of fasb's roll over and the commencement of financial terrorist bernanke's qe was precise - it all happened in march 2009.....
when you apply appropriate mark to market to the crap sitting on the fed's balance sheet which now composes 52% of its assets and compare it to its 52b usd in equity you have an insolvent federal reserve system....
it's over folks - it's been over since august 2008....the fucktards in the oval office, the media czar at the cia, and a host of other nincompoops may never acknowledge it but it is all over....there is no way to resuscitate the fed including a hairbrained scheme i read about using federal lands to reliquify the fed and treasury...
stop whining and bitching about the implosion.....it has already happened and it doesn't make a crap's worth of difference who recognizes it....it happened when the balance sheet went negative and that was 8/08.....most people don't know about the 100s of billions usd transferred from fed to the treasury in 8/08 and why terrorist criminal paulson and bernanke staged a putsch to get congress to roll over on tarp....they had already started it without congressional approval with bush crime syndicate henchman baby bush authorizing it...
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