You hear the media talk about the fed, the fed, the fed all day long, but you never hear them talk about the Federal Deposit Insurance Corporation.
Everybank you go into, guarantees your deposit is insured up to 100,000 dollars by the FDIC, NOT the Federal Reserve. The Federal Reserve is a private Bank. The FDIC is the government institution that backs up the FEderal Reserves loans in case they are bad loans.
your taxes are the ultimate collateral behind all bad loans.

The SAvings and Loan scandal under Bush in the late 1980, ended up ballooning the national debt to 4 trillion, because the FEderal Deposit Insurance Corporation had to bail one Trillion dollars out of the taxes to secure all the deposits people and companies had made.

What happened on Sunday, when the Federal Reserve bought up Bear Stearns bonds and securities and investments, was they were buying up the investments backed by the FDIC and other Government agencies, because they're guaranteed, the Fed won't lose money because the government will just tax YOU, to pay for them.
In exchange, the Federal Reserve Issued government backed Treasuries, also backed by Government taxes, only the Federal Reserve investment bonds are backed by the Gold in the Federal Reserve, and by the upper echelons of the Banking Power structure.

So it's not a bail out....yet....because the securities the Fed bought theoretically aren't worthless...yet. But if they do become worthless, they will go to the Federal DEposity Insurance Company and other similar agencies and cash in their chips, take their winnings and leave the Casino. They're the house, the house always wins, there's no risk involved for them, only you. Your taxes will cover their gambling losses, if they had won, you can be sure you wouldn't have gotten shit, they wouldnt' have shared a dime with you, but if they lose, then you all get to share the losses.

the Casino of Capitalism, the US is a big Jewish Casino and if the Jews lose, they win, if the jews win, they win, because they own the casino.

For actual news and unbiased analysis of the economy, visit
http://www.fdic.gov/

Sheila C. Bair is the 19th Chairman of the Federal Deposit Insurance Corporation (FDIC). On June 26, 2006, she was appointed Chairman for a five-year term, and as a member of the FDIC Board of Directors through July 2013

These are your real government officials in charge of the government banking laws.

There is a deeper undercurrent though, to all of this. The whole S&L crisis of the eighties was triggered by an organized gang of pedophiles, who were in cahoots to defraud the US government out of one trillion dollars. And they succeeded. That's the big problem here. AFter they made off with one trillion dollars, well, they had alot of power, and they proceeded to continue screwing the Country to death, getting re-elected, because they had enough money to buy everyone off, buy any TV channel or radio station that suspected anything, that's exactly what's been going on, they got so much money they can even get George Bush elected, the son of the President who prevented all these people from going to jail, including his Son, Neil Bush,

There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today. Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).
Between 1981 and 1989, when George Bush finally announced that there was a Savings and Loan Crisis to the world, the Reagan/Bush administration worked to cover up Savings and Loan problems by reducing the number and depth of examinations required of S&Ls as well as attacking political opponents who were sounding early alarms about the S&L industry. Industry insiders were aware of significant S&L problems as early 1986 that they felt would require a bailout. This information was kept from the media until after Bush had won the 1988 elections.
Jeb Bush defaulted on a $4.56 million loan from Broward Federal Savings in Sunrise, Florida. After federal regulators closed the S&L, the office building that Jeb used the $4.56 million to finance was reappraised by the regulators at $500,000, which Bush and his partners paid. The taxpayers had to pay back the remaining 4 million plus dollars.
Neil Bush was the most widely targeted member of the Bush family by the press in the S&L scandal. Neil became director of Silverado Savings and Loan at the age of 30 in 1985. Three years later the institution was belly up at a cost of $1.6 billion to tax payers to bail out.
The basic actions of Neil Bush in the S&L scandal are as follows:
Neil received a $100,000 "loan" from Ken Good, of Good International, with no obligation to pay any of the money back.
Good was a large shareholder in JNB Explorations, Neil Bush's oil-exploration company.
Neil failed to disclose this conflict-of-interest when loans were given to Good from Silverado, because the money was to be used in joint venture with his own JNB. This was in essence giving himself a loan from Silverado through a third party.
Neil then helped Silverado S&L approve Good International for a $900,000 line of credit.
Good defaulted on a total $32 million in loans from Silverado.
During this time Neil Bush did not disclose that $3 million of the $32 million that Good was defaulting on was actually for investment in JNB, his own company.
Good subsequently raised Bush's JNB salary from $75,000 to $125,000 and granted him a $22,500 bonus.
Neil Bush maintained that he did not see how this constituted a conflict of interest.
Neil approved $106 million in Silverado loans to another JNB investor, Bill Walters.
Neil also never formally disclosed his relationship with Walters and Walters also defaulted on his loans, all $106 million of them.
Neil Bush was charged with criminal wrongdoing in the case and ended up paying $50,000 to settle out of court. The chief of Silverado S&L was sentenced to 3.5 years in jail for pleading guilty to $8.7 million in theft. (Keep in mind that you can get more jail time for holding up a gas station for $50.)
Today Neil Bush is working on closing a deal in Florida, where his brother Jeb is governor, to sell a software package to schools with his startup company Ignite.

Also, Ronald Reagan made the SAvings and loan scandal possible by deregulating the banking industry, repealing laws put in place to prevent fraudulent banking conspiracies.

Reagan also repealed the Fairness Doctrine which made Government Propoganda talk radio possible and legal.

Fairness Doctrine repealed by Reagan

Regarding Mr. Darrell Beck (Letters, Jan. 27): The Fairness Doctrine was the law of the land until the Reagan administration. It required that if an organization called itself news and wanted to give one side of a political position, it was required to provide time for the other side's opinion. If you watch "The News Hour" on PBS, you will see how it works. Editorials are rebutted by both sides.

Mr. Reagan repealed the Fairness Doctrine. ...

Requiring a news organization to show the opinions of both parties (and other views, as well) is how the public can best be informed to make the decisions that affect how we vote. As Jefferson said, democracy cannot exist without an informed electorate. Mr. Beck mentions Rush Limbaugh as someone who may be adversely affected by a fair discussion of issues. I agree. He doesn't allow those with opposing views to be heard. I know, I've tried. ...

Just including this so you can see, the people in the FDIC aren't necessarily incompetent. It's just that the fines they levy on these people is chump change compared to what they are making by breaking the laws.

The FDIC along with the SEC brought suit against Bears and STearns in both 2006 and 2007 and fined them 250 million dollars.