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Hedge Fund | Bank REO Real Estate
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Hedge funds gain access to $200 billion in U.S. taxpayer funds

December 21, 2008 by · Leave a Comment
Filed under: Policy News 

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Well here we go, here is your “Mainstreet” bailout.  I am just shocked that speculator or investors are getting their hands on our money.   We are in a serious crisis and this is a sign the the dollar is going die and we are going to be hit by a depression and hyper-inflation.  Now we are at 0% on the interest rate the only thing they  have left is to print money or what they call Quantitative Easing.  Good Luck, take measure to be prepared.

News:

Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn program intended to support consumer credit.

The Fed said on Friday it would offer low-cost three-year funding to any US company investing in securitised consumer loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, which have never been able to borrow from the US central bank before, although the Fed may not permit hedge funds to use offshore vehicles to conduct the transactions.

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