TrueFreedom
05-07-2010, 05:46 AM
Just like Ron Paul said. Someone should find the clip of Ron questioning Bernake about this and Bernake saying that he hadn't heard anything about it and that Ron had crazy ideas. From CNNMoney:
At issue is the US share of a $39 billion loan from the International Monetary Fund, about $7 or $8 billion, which will be voted on Sunday in Washington. The IMF loan is in addition to $106 in European loans, which makes the US share of the total deal about 5% or 6%. President Obama has privately told the Greek Prime Minister that he supports the deal, but it's a measure of the unpopularity of bailouts that in his daily briefing White House spokesman Robert Gibbs would only say "it's an important thing for Europe to work through." Later, the White House released a printed statement saying of the IMF loan "We strongly support this effort to help restore stability to Greece and confidence to the global financial system."
Kinda odd this comes on the heels of Sanders watering down the audit bill so we cannot know about loans to foreign central banks. Go figure.
At issue is the US share of a $39 billion loan from the International Monetary Fund, about $7 or $8 billion, which will be voted on Sunday in Washington. The IMF loan is in addition to $106 in European loans, which makes the US share of the total deal about 5% or 6%. President Obama has privately told the Greek Prime Minister that he supports the deal, but it's a measure of the unpopularity of bailouts that in his daily briefing White House spokesman Robert Gibbs would only say "it's an important thing for Europe to work through." Later, the White House released a printed statement saying of the IMF loan "We strongly support this effort to help restore stability to Greece and confidence to the global financial system."
Kinda odd this comes on the heels of Sanders watering down the audit bill so we cannot know about loans to foreign central banks. Go figure.