Latest topics
Social Networks
Links to Affiliates and Resources
Displaced American Workers United
Outsaurus
Extend Unemployment Benefits
Unemployed Workers.org.
Examiner.com Denver
99ers.net/
The Fed Audit: Bernie Sanders
Page 1 of 1
The Fed Audit: Bernie Sanders
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](https://2img.net/i/fa/i/smiles/affraid.gif)
Guest- Guest
Re: The Fed Audit: Bernie Sanders
It's from July 2011, but I thought it beared repeating..
Guest- Guest
Re: The Fed Audit: Bernie Sanders
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...
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- Member
- Posts : 656
Join date : 2011-03-07
![-](https://2img.net/i/empty.gif)
» Sen. Bernie Sanders Sen. Bernie Sanders: 'Democrats, Stop Caving In '
» Sen. Bernie Sanders: U.S. becoming laughing stock of the world
» Bernie Sanders: Recession not over
» Bernie Sanders: 'Obama Betrayal'
» Senator Bernie Sanders: Elections Have Consequences
» Sen. Bernie Sanders: U.S. becoming laughing stock of the world
» Bernie Sanders: Recession not over
» Bernie Sanders: 'Obama Betrayal'
» Senator Bernie Sanders: Elections Have Consequences
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» UF2 Members Chat Thread: Part 3
» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
» I see this board has been quiet
» Hello Ya'll. *Theirmommie*
» 20 % of Americans Struggle To Buy Food
» The Make Some One Day Challenge
» Clues to why they not hiring you
» New Year Nothing Change
» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
» Forbes: America's #1 Problem is Jobs, Not Debt
» Economy just getting worse
» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
» Hey Guys!!!!
» Up all NIGHT WORRIED!