Posts Tagged ‘full faith and credit’
More Private Risk Transferred to Public; GE to Issue FDIC Backed Bonds
Monday, March 9, 2009 10:34 1 CommentPrivate gains through public risk.
In the latest of public subsidies handed out to private corporations, GE Capital will sell debt this week under the Federal Deposit Insurance Corp.’s (FDIC) Temporary Liquidity Guarantee Program. GE will enjoy a very low cost of borrowing as it issues bonds backed by the full faith and credit of the [...]
Federal Reserve Wants to Issue Debt
Wednesday, December 10, 2008 8:10 3 CommentsThe WSJ reports that Federal Reserve is now said to be thinking of issuing it’s own debt. The concept could include selling bills or some other form of notes. This would be the first time in history for such an action be taken.
The mainstream media has already begun to sell the idea to the public [...]





















