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Fed audit tells the awful truth: It's socialism for the rich, and dog-eat-dog for all the rest of us (Bernie Sanders)

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The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the US 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.The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

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At sanders.senate.gov

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Joan Brunwasser is a co-founder of Citizens for Election Reform (CER) which since 2005 existed for the sole purpose of raising the public awareness of the critical need for election reform. Our goal: to restore fair, accurate, transparent, secure elections where votes are cast in private and counted in public. Because the problems with electronic (computerized) voting systems include a lack of (more...)