elehhhhna (1000+ posts) Fri Apr-01-11 04:01 PM
Original message
2008; Bernanke Provided Billions In BAILOUT Loans to Gaddafi . And Geithner was okay w/it.
Edited on Fri Apr-01-11 04:24 PM by elehhhhna
Sen. Bernie Sanders (I-Vt.) today questioned why the Federal Reserve provided more than $26 billion in credit to an Arab intermediary for the Central Bank of Libya.
Sanders also asked why the Libyan-owned bank and two of its branches in New York, N.Y., were exempted from sanctions that the United States this month slapped on other Libyan businesses to pressure Col. Moammar Gadhafi’s government.
“It is incomprehensible to me that while creditworthy small businesses in Vermont and throughout the country could not receive affordable loans, the Federal Reserve was providing tens of billions of dollars in credit to a bank that is substantially owned by the Central Bank of Libya,†Sanders said.
In the same letter, Sanders asked Treasury Secretary Timothy Geithner why the Treasury Department on March 4 let the Libya-controlled bank skirt the economic sanctions against Libya.
http://www.zerohedge.com/article/bernanke-provided-bill...
I'm sure Q'Daffy will pay us back...right?
MichiganVote (1000+ posts) Fri Apr-01-11 04:05 PM
Response to Original message
1. So then in the meantime Obama tries a Bush sell job on "Freedom" and we bomb the country
Uh-huh. Ok. Sure. Makes perfect sense to know nothings who see people in the US struggling everyday to pay the ******* taxes for all of these brain boils.
RKP5637 (1000+ posts) Fri Apr-01-11 04:09 PM
Response to Reply #1
3. Then we will see corporate American lining up at the money troth to go rebuild Libya. n/t
That only counts if we occupy, which from the latest news, we aren't because Obama is retreating faster than a Frenchman confronted by a heavily armed bar of soap.
So, in other words, Q'Daffy gets to keep his country and our money.
JuniperLea (1000+ posts) Fri Apr-01-11 04:14 PM
Response to Reply #2
7. I think people are missing the date...
Rage doesn't read, apparently.
girl gone mad (1000+ posts) Fri Apr-01-11 04:28 PM
Response to Reply #7
11. Remind me again..
did Obama oppose or support TARP?
Did Obama work to slow the railroading of TARP through congress so that we could get some debate and real oversight or did he play an instrumental role in promoting its quick passage by personally calling Democratic members of congress late into the night to warn them that his Presidential hopes were on the line?
In fact, Obama took the lead on backing TARP, so much so McCain took an unholy beating in the press and ended-up following suit and then took an unholy beating for following suit.
And you DUmbasses cheered the entire circus.
JuniperLea (1000+ posts) Fri Apr-01-11 04:13 PM
Response to Original message
6. October 2008... Everyone should read this carefully...
This was not something the Obama administration did.
leveymg (1000+ posts) Fri Apr-01-11 04:25 PM
Response to Reply #6
9. Yes, but (then) NY Fed Chief Tim Geithner was appointed by Obama, and Bernanke remains Fed Chair.
Edited on Fri Apr-01-11 04:28 PM by leveymg
So, all is forgiven, I guess.
Will you ever forgive yourselves?
I'm guessing you will some time around the 1st Tuesday of November 2012.
elehhhhna (1000+ posts) Fri Apr-01-11 04:30 PM
Response to Reply #9
12. Well ya don't change Generals in the midst of the war on the middle class.
So much for the Obama-Lincoln comparisons.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x790845
