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	<title>Comments on: Secret Fed Loans Gave Banks Undisclosed $13B</title>
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		<title>By: akuperma</title>
		<link>http://www.theyeshivaworld.com/news/business-news/110437/secret-fed-loans-gave-banks-undisclosed-13b.html#comment-240446</link>
		<dc:creator><![CDATA[akuperma]]></dc:creator>
		<pubDate>Mon, 28 Nov 2011 23:26:55 +0000</pubDate>
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		<description><![CDATA[Secret???

Ben Bernanke&#039;s free loan fund for needy banks has been well known. The Treasury wanted to bail out their friends (and campaign contributors) but the Constitution doesn&#039;t allow them to spend money without an appropriation, but the Fed is actually a private corporation so they can do all sorts of &quot;cool&quot; things since they can print money as needed without congressional authorization (this is where the people on Capitol Hill managed to do &quot;magna carta&quot; one better).]]></description>
		<content:encoded><![CDATA[<p>Secret???</p>
<p>Ben Bernanke&#8217;s free loan fund for needy banks has been well known. The Treasury wanted to bail out their friends (and campaign contributors) but the Constitution doesn&#8217;t allow them to spend money without an appropriation, but the Fed is actually a private corporation so they can do all sorts of &#8220;cool&#8221; things since they can print money as needed without congressional authorization (this is where the people on Capitol Hill managed to do &#8220;magna carta&#8221; one better).</p>
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