A compilation of credible sources, insights and commentary on the financial crisis, brought to you by an expert on government affairs.

  • Worried about the DJIA? Worry about the $2 Trillion Fed Loan Instead
    03/05/2009 9:57PM

    While everyone at the cocktail party bemoans their dwindling 401ks (now dubbed, 201ks), you can set yourself apart and be everyone's Little Miss Sunshine by sharing this update on the Fed's non-transparent (secret) $2 Trillion in loans (the ones that a recent former Federal Reserve official told Flashlight he'd never heard of....)  Here is a link to a great update from Bloomberg.  I hope they will not be going out of business any time soon because we need more solid journalism along these lines.

    http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI