http://www.zerohedge.com/article/feds-nemesis-exters-2-quadrillion-liquidity

I haven’t dug into how the Treasury formed it’s table of 600trillion but I know the BEA and BLS cook GDP, CPI, and Unemployment like Enron baked it’s book. Example, you own a home – they add what you would but don’t pay in rent to GDP. They back out Gas and food from Inflation – no consumer can do that.

the problem is not that we need to see where they are coming from. obviously they need to see and experience our reality.

to that end i would gladly invite both summers and blankfein both to dinner. they can eat what the rest of us do.

The question is not who attended, the question is who was offered/allowed access. If you look at that blog list and see mostly Libertarians, you and I were educated quite differently about politics.

Finally I am not going to reward bloggers who promise anonymity to government officials with no promise of new information/news in return by making hits on their websites. I saw Waldman’s review, that’s enough.

IF the 8 of you bloggers had gotten ONE piece of fresh information/news that had not been revealed before it might be worth it. From my view the bloggers who attended seem to be saying “Come to my site, I have 4 posts on what a farce this was where we learned nothing new”—-NO THANK YOU

And now this ridiculous discussion of what TBTF means…

So much progress, things are getting so much better every day…

The total list of bloggers was not lefties. Let them characterize themselves, but the bloggers who were there were mainly libertarians or their fellow travelers.

We did not know in advance that it would only be bloggers. We expected a broader press-type gathering. The Treasury announcement to us was vague.

Why did I promise anonymity? I thought it was the rules of the game for press on “deep background.” I keep my word. I also thought that maybe I would learn some things not in the press. The only thing I learned that I did not know was that they worry about the same things I do but can’t talk about them, because it would lead to a crisis.

Does that help? I had my own questions about going, but I went because I felt I could reveal more, despite their restrictions. See my lengthy commentary at my blog.

In my opinion you’re being slightly naive Mr. Merkel. When you look at the total list of bloggers who were originally asked to attend you might notice the majority by far were lefties politically.

You say you got nothing out of it. Then why go when you must promise anonymity of comments to attend??

I have a busy schedule, and it cost me five hours, gas, $17 for parking to attend the event. A few cups of tea and one cookie does not do it for me. Getting to talk with them was good — they’ve thought through a number of things, but are optimists. Where they are pessimists, they can’t talk about it — they can’t shake confidence.

What they get out of it? A number of critical blog posts from me. If this is worth it for them, I doubt it.

please see link and consider signing I have.

http://sanders.senate.gov/petition/?uid=c53f1aca-5881-403e-928b-a25980cb4e0c

200 trillion of the 600 trillion in derivatives are in the US most at the banks you mention.

+1 to your post!

TARP worked – if you were GS, or JPMChase, or even BoA, which probably should be out of business right now.

But if you look at the consumer side of things – in the regular economy and the consumer side of the bank books, it’s a blood bath. So we can rejoice that GS and the others on Wall Street are having one of their best years yet – billions in bonuses heading out of the economy and into the bank accounts of the bankers – but TARP did not shore up “the economy” at all.

(And isn’t all that toxic debt still out there, clogging up the pipes?)

In reading Waldman’s blog post on this, sounds like Obama’s peeps have taken a page out of the Bushies’ playbook – tell ‘em what you want them to believe, truth be damned.

many people have found that to be very valuable, and it was not available to the public – the public never gets the chance to sit down and question senior treasury officials. we did. did they give us the secret to world finance? of course not – that doesn’t mean there weren’t valuable insights to be gained.

My question to you sir is….. what new information/news did you give your blog readers from this terrific “access”???