Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html

And to say thank you for giving them all of that money, Harley and Catapillar opened up new manufacturing plants in China.
Coz that was the right thing to do right?
Time for them to be taxed extra hard, it ain't like they helped "US" out any, thats for sure.
Bullshit on these corporate tax brakes, give them a break for what?
Spitting in our face?


The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009

The Fed's efforts to prop up the financial sector reached across a broad spectrum of the economy, benefiting stalwarts of American industry including General Electric and Caterpillar and household-name companies such as Verizon, Harley-Davidson and Toyota. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada while rescuing money-market mutual funds held by millions of Americans.

The biggest users of the Fed lending programs were some of the world's largest banks, including Citigroup, Bank of America, Goldman Sachs, Swiss-based UBS and Britain's Barclays, according to more than 21,000 loan records released Wednesday under new financial regulatory legislation.

Cloud computing better protects data, Verizon says

http://www.nextgov.com/nextgov/ng_20101027_1170.php?oref=topstory


The cloud is also storage facility for data.
So now government sensitive information is going to be held by a private server.
This has to be the completion point of the private corporate takeover of the armed services.
MERS couldn't track a loan, and now we're going to allow cloud computing?
Yeah that just really makes alot of sense.



As more federal workers rely on tablet computers and other mobile devices for tasks ranging from transmitting patient records on the battlefield to photographing safety violations at meatpacking plants, the number of data breaches might drop -- if users type in the cloud, Verizon officials said Wednesday.

"As the tablets become more integrated into the network -- the data, the sensitive data is not there to get," said Bernard McMonagle, associate director for Verizon Wireless, referring in an interview to the fact that video, images and files are not stored on a hard drive or memory card.

The cloud is a catchall phrase for off-site data servers, storage facilities and applications that workers access through an Internet connection on a subscription basis rather than using their own physical hardware or software


Many cloud services providers, including Verizon, offer private network connections that also prevent intruders from accessing the data through the Web, Verizon officials told reporters. "We can take that content and put it into our private [network address] so that it stays away from the Internet," said Ken Biery, Verizon's cloud security strategist.