Join the forum, it's quick and easy

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Stillnutty passed away
The Fed Audit: Bernie Sanders  EmptyWed Feb 06, 2019 3:59 pm by Sad American

» UF2 Members Chat Thread: Part 3
The Fed Audit: Bernie Sanders  EmptyThu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
The Fed Audit: Bernie Sanders  EmptyWed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
The Fed Audit: Bernie Sanders  EmptyTue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
The Fed Audit: Bernie Sanders  EmptyTue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
The Fed Audit: Bernie Sanders  EmptyThu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
The Fed Audit: Bernie Sanders  EmptyWed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
The Fed Audit: Bernie Sanders  EmptySun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
The Fed Audit: Bernie Sanders  EmptyTue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
The Fed Audit: Bernie Sanders  EmptyFri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
The Fed Audit: Bernie Sanders  EmptySat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
The Fed Audit: Bernie Sanders  EmptyMon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
The Fed Audit: Bernie Sanders  EmptyFri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
The Fed Audit: Bernie Sanders  EmptyMon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
The Fed Audit: Bernie Sanders  EmptyThu Sep 25, 2014 11:56 pm by pbrad009

Social Networks
March 2024
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar


The Fed Audit: Bernie Sanders

Go down

The Fed Audit: Bernie Sanders  Empty The Fed Audit: Bernie Sanders

Post by Guest Sun Sep 09, 2012 2:47 pm

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."

Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.

http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

affraid

Guest
Guest


Back to top Go down

The Fed Audit: Bernie Sanders  Empty Re: The Fed Audit: Bernie Sanders

Post by Guest Sun Sep 09, 2012 2:49 pm

It's from July 2011, but I thought it beared repeating..

Guest
Guest


Back to top Go down

The Fed Audit: Bernie Sanders  Empty Re: The Fed Audit: Bernie Sanders

Post by elvis44102 Sun Sep 09, 2012 4:28 pm

15 Trillion....so much for the "risk" of the "free market" system

I think Alan West should be involved in an Audit because he might find some REAL communist or "socialist" here.... Socialist BANKERS that is...
elvis44102
elvis44102
Member

Posts : 656
Join date : 2011-03-07

Back to top Go down

The Fed Audit: Bernie Sanders  Empty Re: The Fed Audit: Bernie Sanders

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum