The Fed Audit

The Fed Audit

sanders.senate.gov

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 ins

(visit the link for the full news article)

Hi all, just seen this report posted today onnsanders website. I am from the uk and cannot believe the extent the fed has gone to to bailout worldwide banks, over 1.5 billion dollars to uk banks? What the hell? No one and I mean nobody at all in the uk knows anything about this at all!

Barclays one of the receivers of over 800 million dollars from the fed did not receive a uk bailout and everybody assumes they have managed themselves properly and are a robust and strong entity. This proves the opposite to me!

Was anybody else aware of this disgusting splurging of money across the globe by the fed, invented money too, not real tangible money, just a private enterprise creating money to keep the world going to support their increasingly fragile house of cards collapsing!!!

sanders.senate.gov
(visit the link for the full news article)

Link to gao report. Report

Very interesting reading

was it bailout or buyback though???

I kind of think that the fed was buying back all those crappy mortgage securities that were peddled world wide....
which, well, the originators of those loans would have a legal obligation to do if fraud and I assume neglect was proven to be involved in them, which, I believe shredding the danged notes would be considered neglect...robosigning foreclosure legal papers would be considered fraud, not to mention the lying about the values of the homes involved and all the rest.........

Originally posted by spacedonk

The Fed Audit

sanders.senate.gov

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 ins

(visit the link for the full news article)

The 16 trillion dollars comes to around $120,000 per individual taxpayer.

They should have loaned it back to the citizens !

reply to post by dawnstar


Hi. No they are direct loans at 0% interest of which ( from my understanding) nothing has been paid back nor demanded. In addition so what if these banks bought junk securities? That is their look out. If I invest in a bad investment I do not get my money back. If I back the wrong horse does the bank of England say poor you here is the money back it was a turkey?!? NO and nor should they!

These banks made bad investment choices and should have worn the loss they incurred due to their poor investment judgement and greed.

I for one am completely for ABOLISHING the Federal Reserve. It's a system that is designed only to favor the banks and bankers. We should be brought back to the gold standard, something that is for the most part a concrete standard and not subject to the massive deflation that the dollar has experienced since we got off the gold std.

Greedy a$$holes.

reply to post by ArrowsNV


I tend to agree, even being an Ill informed Brit. The other issue about the fed is that bernanke and co argued successfully in congress for a reduced audit from that originally suggested by the amendment to the bill. So although this is billed as a top down audit it must be remembered it was an abbreviated audit!

What other skeletons are they hiding?!?

reply to post by spacedonk

The government of the country I live in makes me sick. I have never seen so much greed so well hidden in front of the eyes of everyone.

The Constitution needs a new amendment specifically outlawing banks. Credit Unions are ok. Banks are not...

This video from 2009 might help to understand who we are dealing with.

www.abovetopsecret.com...

the reference to BlackRock investment company as a government contractor may lend a clue or two.

note also the evasiveness by Mr B.

Maybe it's time we start a petition for all of us to get back in line for a brain-redistribution.

Oh...and remember.... it's the GREEN pill.....not the blue one or red one.


Here's some advice I am taking !

reply to post by xuenchen


Interesting vid and thread. Thanks for linking.

Bernanke is a plank. Either a puppet being fed lines or a complicit member of the fraud .

Originally posted by xuenchen
This video from 2009 might help to understand who we are dealing with.

www.abovetopsecret.com...

Yeah when I saw this thread I was going to post that vid here too. May as well embed it here:


And 16 trillion is secret loans?
Wow...that's larger than the national debt isn't it?

Originally posted by ChaoticOrder

Originally posted by xuenchen
This video from 2009 might help to understand who we are dealing with.

www.abovetopsecret.com...


And 16 trillion is secret loans?

Wow...that's larger than the national debt isn't it?

edit on 10-10-2011 by ChaoticOrder because: (no reason given)

Not only secret but interest free, never been demanded to be paid up to 4 year old loans to foreign banks!! That is just totally totally mental!

Perhaps every American should look at Ron Paul and think long and hard whether party politics matters when he is one of the people to force this disclosure through. I'd vote for him in a heartbeat on the basis of his actions causing this revelation to the public domain alone!

All day I thought oh this a slow thread cos the US is in bed.

But now, do you guys not give a monkeys about this?

16 trillion dollars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Originally posted by spacedonk
reply to post by dawnstar

 

Hi. No they are direct loans at 0% interest of which ( from my understanding) nothing has been paid back nor demanded. In addition so what if these banks bought junk securities? That is their look out. If I invest in a bad investment I do not get my money back. If I back the wrong horse does the bank of England say poor you here is the money back it was a turkey?!? NO and nor should they!

These banks made bad investment choices and should have worn the loss they incurred due to their poor investment judgement and greed.

all those cdo's, if fraud had been proven, through a legal process, would have resulted in the originators of them having to buy them back from the investor....if the investor is another bank, a country, state, or city, or ira, or pension fund or whatever. what I am suggesting is that maybe, just maybe, to cover up just how big of a mess was created, the fed kind of bought them back and well, they are hoping that they can come up with a way to get the money back without having to admit that it was down right fraud.

if someone came to you and sold you a gold plated piece of tin as being solid gold, would you have the legal right to sue the guy for your money back?? or were you just some stupid investor who should just eat the loss....

So...how long til this giveaway trickles down to me? It's been a few years so should be any day now.