Page
131 -- The total lending for the Fed's "broad-based emergency programs" was $16.1trillion. The four largest recipients, Citigroup,
Morgan Stanley, Merrill Lynch and Bank of America, received more than a
trillion dollars each!
The
5th-largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group,
PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a
quarter of a trillion and a trillion dollars.
None of them is an American bank.
Page
205 -- Separate and apart from these "broad-based emergency program" loans were
another $10 trillion in "currency swaps." In these "currency swaps," the Fed handed
dollars to foreign central banks, no strings attached, to fund bailouts in
other countries".
These
currency swaps and the "broad-based
emergency program" loans, together totaled more than $26 trillion. That's almost $100,000 for every man, woman,
and child in America! It's also an
amount equal to more than seven years of federal spending -- spending on the
military, Social Security, Medicare, Medicaid, interest on the debt, and
everything else. And around twice
America's total GNP.
So keep this question in mind: If the Fed had extended $26 trillion in
credit to the American people instead of Wall Street, would there now be
24 million Americans who are either unemployed or unable to find a full-time
job? Answer: No, of course not!
The
results of this audit were first
published on the morning of July 21, 2011.
At
first, the most obvious number that jumped out from the report was
"only" 16 trillion. You have
to add in the ten trillion in (derivative) "currency swaps" to reach the full
26-trillion-dollar mark. So let's conservatively
stick with the initial figure of 16 trillion for now, as there are very few
articles on this subject -- and most of them quote that particular number.
This
next article from
Unelected.org clearly reveals the breadth and depth of the fully justified
outrage there would surely be if more people knew about this massive theft.
The
results of the first audit in the Federal Reserve's nearly 100-year history
were recently posted on
Senator Bernie Sanders' webpage. What
was revealed about the audit, by Senator Sanders, was once again startling by
way of its confirmation that $16 trillion
had indeed been secretly given out to US banks and corporations, and foreign
banks everywhere from France to Scotland.
So there is no escaping it: In the period between December 2007 and June
2010, the Federal Reserve secretly bailed out many of the world's banks,
corporations, and governments.
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