Sen Sanders has put up some of the Fed Audit findings on his web site
16 (yes Sixteen) Trillion in unregulated bailouts to US AND Foriegn banks.
GAO also uncovered serious conflicts of interest
The Federal Reserve Bank needs to be shut down! No more money printing, no more greased palms and favors for rich friends, etc.
I sure would like to see these guys doing the perp walk.
16 (yes Sixteen) Trillion in unregulated bailouts to US AND Foriegn banks.
"The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the*Government Accountability Office*to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."
GAO also uncovered serious conflicts of interest
For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.* Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs.
The Federal Reserve Bank needs to be shut down! No more money printing, no more greased palms and favors for rich friends, etc.
I sure would like to see these guys doing the perp walk.