Money For Nothing: Goldman Sachs Borrowed $24 Billion From Fed At 0.0078 Percent

Vatic Note:   Now you see why we have to do that Declaration of Independance from Wall street and Israel, which are the same thing since Rothschild is both Israel and wall street and all markets internationally.  We shortened the title to just Israel and it covers them both since those CEO's are Rothschild khazar bankers.  Here is what these same criminals spent our hard earned taxes on after they received the bailout from the Bernank,  http://alethonews.wordpress.com/2010/12/09/wall-street-bonuses-cashed-in-for-sex-food-and-art/.   And then they feed us, the idiots,  this line about saving the economy with the funds... right, the food, sex and art economy.  Doesn't help most of us. 

Money For Nothing: Goldman Sachs Borrowed $24 Billion From Fed At 0.0078 Percent 
http://dailybail.com/home/money-for-nothing-goldman-sachs-borrowed-24-billion-from-fed.html
by Admin, Daily Bail Source, Huffington post

Bernanke is not a loan shark to those he loves...

So if Goldman was getting free cash from The Ber-Nank, the situation at 85 Broad must have been really dicey later on when Blankfein turned to Buffett.
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NEW YORK -- For the lucky few on Wall Street, the Federal Reserve sure was sweet. Nine firms -- five of them foreign -- were able to borrow between $5.2 billion and $6.2 billion in U.S. government securities, which effectively act like cash on Wall Street, for four-week intervals while paying one-time fees that amounted to the minuscule rate of 0.0078 percent.

That is not a typo.

On 33 separate transactions, the lucky nine were able to borrow billions as part of a crisis-era Fed program that lent the securities, known as Treasuries, for 28-day chunks to the now-18 firms known as primary dealers that are empowered to trade with the Federal Reserve Bank of New York. The program, called the Term Securities Lending Facility, ensured that the firms had cash on hand to lend, invest and trade. The market was freezing up. Effectively free money, courtesy of Uncle Sam, helped it thaw.

The European firms -- Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), and BNP Paribas (France) -- borrowed $5.2-6.2 billion in Treasuries 20 different times. The one-time fees they paid on each transaction ranged from $403,277.78 to $481,110. Deutsche led the way with seven such deals.

On each transaction, the fee paid for the 28-day loan is equal to a rate of just 0.0078%.

The first of these sweetheart deals began April 17, 2008. They ended nearly a year later on March 5. On that day, Goldman Sachs borrowed about $5.8 billion and paid just $450,000 for the privilege.

Goldman was one of four American firms that also paid that rock-bottom rate. Citigroup, defunct investment bank Lehman Brothers, and Merrill Lynch, which was gobbled up by Bank of America in a government-pushed transaction, benefited from the save-Wall-Street-at-all-costs approach. Goldman and Citi got the 0.0078 percent rate on five separate occasions, tops among U.S. banks.

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