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To: Carolyn who wrote (506918)	9/7/2012 3:50:14 PM
From: SteveinTX	Read Replies (1) \| Respond to of 793888

If this is true, it is beyond my ability to comprehend.

To: Carolyn who wrote (506918)	9/7/2012 4:11:15 PM
From: garrettjax	1 Recommendation Respond to of 793888

Gold Standard, here we come... -G

To: Carolyn who wrote (506918)	9/7/2012 4:36:29 PM
From: Bob	3 Recommendations Read Replies (1) \| Respond to of 793888

This audit was over a year ago: rawstory.com What is startling is the number of people who are just finding out...............even the sott.net site says carried out in the last few months. Regards, Bob

To: Carolyn who wrote (506918)	9/7/2012 10:37:15 PM
From: Sr K	Read Replies (1) \| Respond to of 793888

The headline is total bull****. Look at it as a Statement of Cash Flows as for any business where there are inflows and outflows. When banks make overnight deposits at the Fed and take the funds back as needed the next day (that's what "overnight" means), and every day, there is money flowing in both directions. Same for any institution that borrows at the Fed "window". The only sensible way to assess the size of what that refers to is the maximum simultaneous (1) lending from the Fed to those named institutions less (2) the deposits from those institutions, all on the same day. This could be at the end of each day or second-by-second all day long, or even in fractions of a second, with funds transferring multiple times a day from and to the regional Federal Reserve Banks. I'm pretty sure it is what the Fed has already reported. It's false to post a "01 Sep 2012" rehash of something "carried out in the past few months" which had to be before the "July 21st, 2011" GAO report. -- From the GAO Report, lines 4-5 on page 2: "Loans outstanding for the emergency programs peaked at more than $1 trillion in late 2008." Note, it peaked in late 2008. Nothing to be alarmed about 45 months later. Not even newsworthy. But it does reveal the depths of what was on Obama's plate when he took office.