While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Bernanke Doctrine continues: The Federal Open Market Committee, of the privately owned Federal Reserve System of (central) Banks, announces the start of the Term Securities Lending Facility, for the purpose of lending 200,000,000,000 in Treasury Bills (Federal debt obligations)  to their “primary dealers” (those commercial banks that the Federal Reserve (central) Bank of New York conducts open market operations with:

• BNP Paribas, of Paris, France;
• Banc of America Securities, of New York City;
• Barclays Capital, of London, England;
• Cantor Fitzgerald (private bank), of New York City;
• CitiGroup commercial bank, of New York City;
• Credit Suisse Securities, of Zurich, Switzerland;
• Daiwa Securities America, of Tokyo, Japan;
• Deutsche Bank Securities, of Frankfurt, Germany;
• Dresdner Kleinwort Securities (a.k.a. Commerzbank), of Frankfurt, Germany;
• Goldman Sachs, of New York City;
• HSBC Securities, of London, England;
• JP Morgan-Chase commercial bank, of New York City;
• Mizuho Securities, of Tokyo, Japan;
• Morgan Stanley investment bank, of New York City;
• RBS Securities, of Edinburgh, Scotland; and
• SBS Securities, of Zurich, Switzerland.

       NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

       Postscript: By the end of that year, TSLF lending had reached 173,000,000,000 “dollars.

       [restored 6/20/2024] Thanks to Jim Lorenz for this entry.

       Christopher Cox, Esq., Chairman of the Securities and Exchange Commission, when asked about the financial viability of Bear Stearns investment bank responds, “We have a good deal of comfort about the capital cushions at these firms at the moment.”

       NOTE: As an attorney (Officer of the Court) Cox, was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       [restored 6/20/2024] Thanks to Chuck McGlawn for this entry.