Fed secretly handed out $8 trillion
We knew the last bailout from the Federal Reserve was pretty big, but
not until now did we have statistics on the actually tally. If you
thought that the $700 billion bailout for TARP was big, get a load of
this.
Just exactly how big was the Federal Reserve’s bailout of the banks
between the years of 2008 and 2010? Thanks to a Federal Request of
Information Act gone fulfilled, America now knows the truth behind a
colossal cover-up: almost $8 trillion.
Ever since the Fed stepped
in to bail out the biggest banks in the country, Ben Bernanke and
company have gone to great lengths to keep the exact details of the
transactions a secret, citing that the truth would cause concern for the
world financial crisis far greater than what was already at hand,
saying in particular that investors would step away from the “too big to
fail” banks that were benefiting from the bailout. And while Fed
Chairman Ben Bernanke went on the record to call the bailouts to even
the most “sound institutions” only “marginal,” details
of the FOIA request obtained by Bloomberg News now reveals that the
Federal Reserve spent nearly half of the entire production output of the
US during that span of less than two years — the biggest bailout in the
country’s history — while going to great lengths to keep Congress and
the American people in the dark.... MORE
Source: RT.com
URL: http://rt.com/usa/news/fed-trillion-reserve-bailout-401/
29. Alam n'yo kaya na ngayon ang ika-115 na pagdiriwang ng pinakaunang
labanan ng Himagsikan bago pa man ang pangkalahataang pag-aaklas? Ngayon
unang lum...
12 years ago
2 comments:
naku, delikado pala pati mga malalaking bangko sa kalbong agila at nato na bansa. palibhasa mga dmnyo pamahalaan nila. anupaman, mas mainam siguro ikalat ninyo mga pera ninyo at sa cooperative na lang siguro mag.deposito, pero ikalat din...
"By March of 2009, the Fed had already dished out $7.77 trillion to save the US financial system, dwarfing other assistance programs several times over. As the financial sector was on the brink of collapse, neither the Fed nor the banks involved came clean with the truth, instead lying through their teeth to keep the total facts a mystery. Until now."
mag.ingat si ron paul at baka mapatay rin siya katulad ni john f. kennedy na nagtulak buwagin ang federal reserve....
"That’s not the worst part, either. As the Fed continues to operate without oversight from the Executive, Legislative and Judicial branches, further bailouts are guaranteed to keep being generated at the cost of the American taxpayer while a recession still seems imminent — if not already occurring. Critics including presidential hopeful Congressman Ron Paul have lobbied to abolish the Federal Reserve once and for all. Could the next president help make that dream a reality? In the meantime, don’t be surprised if billions get borrowed at America’s expense minute by minute."
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