Hypo Real Estate Holding AG: #19 Recipient of Fed’s “Secret Liquidity Lifelines”

Hypo Real Estate Holding AG, based in Munich, Germany, is a financial enterprise consisting of a group of banks that specialize in real estate financing.

Hypo purchased Ireland-based Debfa Bank in October 2007.  Debfa promptly ‘took on water’ in 2008 when a boat load of municipal bonds it had underwritten got downgraded.

Depfa’s heavy debt burdens quickly dragged Hypo down into the debt swamp during the global financial crisis.

And then…..

The U.S. Federal Reserve galloped to the rescue, courtesy of U.S. taxpayers, to help bail out Germany-based Hypo in the fall of 2008.

Bloomberg  Nov 28, 2011: “Hypo Real Estate Holding AG, a German commercial-property lender with 1,366 employees, borrowed as much as $28.7 billion in November 2008 from the U.S. Federal Reserve through the New York branch of its Depfa Bank Plc unit. That’s about $21 million per employee. It borrowed almost one-third as much as Citigroup Inc., which has 190 times as many employees.

The Fed aid came in addition to 142 billion euros ($206 billion) of emergency credit lines and debt guarantees from German authorities. Hypo, which invested in mortgage-backed securities in the years before the financial crisis, said in a 2009 report that it lost access to short-term funding after Lehman Brothers Holdings Inc.’s bankruptcy. Hypo didn’t disclose any Fed borrowings until the loans became public in 2011.”

Peak Amount of Debt on 11/4/2008: $28.7B

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If the U.S. Federal Reserve can rescue foreign financial corporations like Hypo Real Estate Holding ($28.7B in direct liquidity transfusions), from their disastrous investment decision-making – then the Fed can also grant direct liquidity extensions also to American families to help relieve debt burdens and restore the financial health of U.S. citizens.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2022 (3895 downloads)

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