Affiliate Marketing Secrets

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger…
The size of the bailout came to light after Bloomberg LP, the parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks called Clearing House Association LLC to force lending details into the open.
The Fed, headed by Chairman Ben S. Bernanke, argued that revealing borrower details would create a stigma — investors and counterparties would shun firms that used the central bank as lender of last resort — and that needy institutions would be reluctant to borrow in the next crisis. Clearing House Association fought Bloomberg’s lawsuit up to the U.S. Supreme Court, which declined to hear the banks’ appeal in March 2011.
$7.77 Trillion
The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.http://www.bloomberg.com/news/2011-11-28…

It’s stunning. It’s like he just assumes most people are stupid and aren’t paying attention to what he’s doing….is he right?
Let’s pretend Mitt Romney had won in 2008 and done exactly what Obama has done….
Obama kept Guantanamo open. He kept Bush’s indefinite detention policies. He kept Bush’s state secrets arguments to shield the government from any lawsuits. He kept Bush’s guy (Bernanke) as the head of the Federal Reserve. He signed a health care “reform” bill into law whose centerpiece is an “individual mandate” (which is a Republican “market based” solution from the early 90s that Mitt Romney, a Republican, instituted at the state level in MA a few years ago). He tripled the number of troops in Afghanistan. He has committed about 50,000 troops to Iraq indefinitely (he claims they’re non-combat troops and that the war is over). He signed a bill to keep the tax rates on the “rich” the same as they were during the Bush years.http://news.yahoo.com/s/ap/20110404/ap_o…
WASHINGTON – President Barack Obama formally launched his re-election campaign Monday, urging grass-roots supporters central to his first White House run to mobilize again to protect the change he’s brought over the past two years.
The official start of his second White House bid, in the midst of three wars, a budget fight with Congress, and sluggish economic recovery, comes 20 months before the November 2012 election.

Let’s pretend Mitt Romney had won in 2008 and done exactly what Obama has done….
Obama kept Guantanamo open. He kept Bush’s indefinite detention policies. He kept Bush’s state secrets arguments to shield the government from any lawsuits. He kept Bush’s guy (Bernanke) as the head of the Federal Reserve. He signed a health care “reform” bill into law whose centerpiece is an “individual mandate” (which is a Republican “market based” solution from the early 90s that Mitt Romney, a Republican, instituted at the state level in MA a few years ago). He tripled the number of troops in Afghanistan. He has committed about 50,000 troops to Iraq indefinitely (he claims they’re non-combat troops and that the war is over). He signed a bill to keep the tax rates on the “rich” the same as they were during the Bush years.
What if Mitt Romney, for instance, had done all this?