The FED is busted and the banks are insolvent
Hank needs the bailout because the FED is broke and so is the Treasury!
No Bailout for thieves!
Jail for treason is a better deal!
They deliberately broke this country!
And Congress let them do it for the payoff!
http://www.gata.org/node/6679
U.S. banks and money managers borrowed a record amount from the Federal Reserve in the latest week, nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.
The data on borrowing from the Fed closed out another day of high anxiety in global money markets. Key measures of funding stress hit record levels on both sides of the Atlantic as nervous market participants awaited developments from Washington on a $700 billion U.S. financial bailout plan.
Federal Reserve data showed on Thursday the total amount banks borrowed nearly quadrupled the previous record of $47.97 billion per day notched just the week before.
