The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Lets Pray RON PAUL Gets the Chance to go for these Criminals big time?
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Secret Fed Loans Gave Banks Undisclosed $13b?
Posted on December 1, 2011.
Not again!
so lets elect another Republican so we can give MORE of our tax dollars to banks!
Ron Paul Is just another lying,cheating ,hypocrite that will maintain the statuesque. No help at all there!
The Fed has been propping up Capitalism Globally and in USA, The urban bond markets have all been bought and backed by the Feds, Major stock dumping has recently occurred and who secretly has been buying up the slack? Here’s one for ya “SKIP” remember how they claimed Lehman brothers was allowed to fail/go out of business, Guess what they still exist under other names, same group of people who used run Lehman brothers. http://articles.latimes.com/2010/sep/11/…
So the private owned “FED” and Congress are behind the scene propping-up Crony and Corporate Capitalism at many angles.
“Skip’ 13 billion is not the real total secret amount see this story for 7.7 Trillion The “FED” been handing out to Banks secretly ontop of the TARP program Bush signed into law 10/03/2008.
Click on the source link to be informed. Where did the young turks get their information you might ask? “From the Bloomberg report”!
=== IF I WAS AN INTELLIGENT AMERICAN, BY GOD I WOULD VOTE FOR RON PAUL !!! ===
He’s the ONLY GUY who’s still not a yellow-belly coward who’s getting paid to lie to the public !!!
It’s obvious that banks, big business and our government are all in bed with each other. One big happy corrupt family. The elite and powerful just keep rewarding each other, with our tax dollars.