herbie

US banks say no he is a bad risk, only Russia will loan him money and you can only imagine what he is doing for them for it

Seth

So that's your case against the president? That it can "only be imagined?"

proud republican Loc: RED CALIFORNIA

So tired of your Dems BS!!!!!!!!!!!.....Please explain and give an example of what President Trump is doing for Russia??????..Or quit your BS!!!

herbie

who said i was a democrat ? republican all the way

proud republican Loc: RED CALIFORNIA

Ohhhh RINO!!!...Should of known...So who did you v**e for?????...

Seth

They would... Today's Democrats wouldn't know a scruple if it walked up and introduced itself.

Seth

🐮-- "Yeah, right. and I jumped over the moon."

Radiance3

================
Moron? Do you know who I am?
Borrow money from Russian banks? What are you talking about? Let me educate you. Poor Herbie.

Trump does not barrow from US banks, or Russian banks. Russia is a poor country. President Trump does not even receive his salary, but donates his salary to the US government. His latest donation was to the SBA (Small Business Administration} to provide funding for small businesses, and interprenuers.

Our Federal reserve banks control the money of the government which is deposited at the Federal Reserve Banks.

The Federal Reserve is the central bank for the United States. Its decisions affect the U.S. economy, and therefore the world. This position makes it the most powerful actor in the global economy. It is not a company or a government agency. Its leader is not an elected official. This makes it seem highly suspicious to many people because it is not subject to either v**ers or shareholders.

The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. At that time, President Wilson wanted a government-appointed central board. But Congress wanted the Fed to have 12 regional banks to represent America's diverse regions. The compromise meant the Fed has both.

The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate.

Updated January 19, 2019. The president and Congress must approve all members of the Federal Reserve Board of Governors. But, the board members' terms deliberately don't coincide with those of elected officials. The president appoints the Federal Reserve Chair, currently Jerome Powell. Congress must approve the president's appointment. The Chair must report on the Fed's actions to Congress.

Congress can alter the statutes governing the Fed. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act limited the Fed's powers. It requires the Government Accountability Office to audit the emergency loans the Fed made during the 2008 financial crisis. It also required the Fed to make public the names of banks that received any emergency loans or TARP funds. It also required the Fed to get Treasury Department approval before making emergency loans, as it did with Bear Stearns and AIG.

The Board is an independent agency of the federal government. But its decisions don't have to be approved by the president, legislators, or any elected official.

Equally as important, the Fed does not receive its funding from Congress. Instead, its funds come from its investments. It receives interest from U.S. Treasury notes it acquired as part of open market operations. It receives interest on its foreign currency investments. Its banks receive fees for services provided to commercial banks. These include check clearing, funds t***sfers, and automated clearinghouse operations. The Fed also receives interest on loans it makes to its member banks. The Fed uses these funds to pay its bills, then turns any "profit" over to the U.S. Treasury Department.

Commercial Banks to be a member of the Federal Reserves must own shares of stock at the Federal Reserve.

Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to t***sfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.

teabag09

And mooed on the way! Mike

teabag09

And if you think your savings are protected, you're a fool. Our country is up to it's eyeballs in debt so there's no way they can cover $250,000.00 for everyone who has savings or checking. It's a farce, a lie. Get you money except for a bit out of FDIC banks and Credit Unions because you're not really insured. Think about it. Mike

Radiance3

=============
I am a State Auditor Mike, and I know what I am doing. Financial accounting and banking is my business.

How much do you have in the bank?

Kazudy

Herbie, you make up your own facts huh? Btw I proposed a bet between me and you, are you in or what?

slatten49 Loc: Lake Whitney, Texas

Herbie, I see you are a relative newcomer here. Welcome

On OPP, two of life's most basic rules apply: "Do unto others as you would have them do unto you," and "You reap what you sow." With regards to the second: In my time on OPP, I have found that many posters, if not most, will respond in kind to the behavior or attitude shown them. Trust me, the OPP can get rocky enough without providing others the rocks with which to throw at you.

For sure, Radiance is definitely no moron. Certainly, posters may have their differences, but those differences make no one a moron. Reasonable people may have reasonable disagreements. The Lady has no need for my defending her, as she is quite capable on her own. Trust me, I know, as she & I definitely have had our own disputes. But, despite any differences and for reasons she'll likely realize, Radiance holds a special place with me. The fact that her late husband was a Brother-In-Arms to me and others during the Viet Nam War also looms large in my admiration for The Lady.

Please excuse my butting in, Herbie. But, I felt this was a good time to intervene before you get too caught up in discourteous, disrespectful and uncivil conduct with fellow OPP'ers. Try to remember both rules mentioned previously...with special emphasis on the first one.

I sincerely hope you enjoy your time on the OPP forum

Kazudy

Ha ha, herbie, and you KNOW THIS HOW?

Kazudy

Herbie, can't help it. He's one of those babies that was dropped on the floor accidently by the doctor during the delivery. Poor herbie landed on his head and the part that is used for common sense was destroyed.