Even foreign banking interests, with U.S. subsidiaries, enjoyed massive liquidity infusions to help them deal with their faltering financial conditions and debt burdens.

Deutsche Bank has a long list of scandalous practices: Money laundering in Russia, U.S. mortgage transactions (selling top rated complex financial products that instantly became worthless, Interest rate manipulation, violations of U.S. – Iran embargo.

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Excerpts from:  Bloomberg  Nov 28, 2011:  “Deutsche Bank AG, Germany’s biggest bank, navigated the financial crisis without capital injections from the German government. The Frankfurt-based bank, which in 2008 reported its first annual loss since World War II, wasn’t so shy about getting liquidity in secret from the U.S. Federal Reserve. The lender tapped the Fed for $66 billion on Nov. 6, 2008 — $28.2 billion from the Term Securities Lending Facility, $21.8 billion from single-tranche open market operations and $16 billion from the Term Auction Facility. John Gallagher, a Deutsche Bank spokesman, declined to say whether the bank took emergency loans during the crisis from other central banks, such as Germany’s Bundesbank.”     

Peak amount of debt held on 11-6-2008:  $66B                                      ……………………………………    

U.S. citizens deserve nothing less than to be granted the same access to liquidity (their own money) that was provided to major banking concerns – including foreign banks, like Deutsche Bank, during the financial crisis..

Deutsche Bank tapped billions from the Term Securities Lending Facility (TSLF), single-tranche open market operations (STOMO), and theTerm Auction Facility (TAF).

It is now time for the creation of a Citizens Credit Facility (CCF) to provide direct access to liquidity for U.S. citizens – to successfully manage their own financial challenges and reduce debt at the family level.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2022 (3832 downloads)