mhgaffney
01-02-2011, 11:29 PM
Thank G-d for that dirty socialist Bernie Sanders!
I'm surprised you guys are not all over this. I guess it's lights out in here...sleepy time...ZZZZZZZZZZZZ.
The only reason we know about the secret $9 trillion bailout is because Bernie Sanders raised hell on Capitol Hill. He persuaded just enough senators to pass a bill for a limited audit. We got a peek at what the fed and too big to fail banks have REALL:Y been up to.
And it stinks.
Can you wrap your head around nine trillion bucks? I can't.
This makes the $700 billion TARP bailout look like chump change. Guess what? We are the chumps.
MHG
Federal Reserve Gave Citibank 1.6 Trillion Dollars In Loans; Morgan Stanley – 2 trillion And Goldman Sachs – A Mere 600 Billion
Matt Taibbi writing in Rolling Stone -
I was in Washington last week and visited Bernie in his office, mainly to talk about the incredible results of the Federal Reserve audit, about which I’ll be writing more in the upcoming weeks and after the New Year. The audit of the Fed was undertaken because Bernie and a few other members of congress fought very hard during the Dodd-Frank regulatory reform debate to force open Ben Bernanke’s books, and as a result we now know the staggering details of the secret bailout era. We know that Citigroup received $1.6 trillion in loans, and Morgan Stanley $2 trillion, and Goldman Sachs – the same Goldman Sachs that bragged about how quickly it paid back its $10 billion TARP bailout – over $600 billion. We know that hedge fund billionaires who moved their corporate addresses to the Cayman Islands to avoid U.S. taxes were rewarded by their buddies in government with huge Fed loans; we know that the U.S. government likewise has been extending massive loans to a variety of Japanese car companies at a time when many American auto workers in Detroit have seen their wages cut in half, to $14 an hour. There’s that and there’s more on the outrage front, and we know it all because Sanders kicked and screamed and stamped his feet about Fed secrecy until just enough other members of the Senate decided to go along with him.
http://southwerk.wordpress.com/2010/12/22/federal-reserve-gave-citibank-1-6-trillion-dollars-in-loans-morgan-stanley-2-trillion-and-goldman-sachs-a-mere-600-billion/
I'm surprised you guys are not all over this. I guess it's lights out in here...sleepy time...ZZZZZZZZZZZZ.
The only reason we know about the secret $9 trillion bailout is because Bernie Sanders raised hell on Capitol Hill. He persuaded just enough senators to pass a bill for a limited audit. We got a peek at what the fed and too big to fail banks have REALL:Y been up to.
And it stinks.
Can you wrap your head around nine trillion bucks? I can't.
This makes the $700 billion TARP bailout look like chump change. Guess what? We are the chumps.
MHG
Federal Reserve Gave Citibank 1.6 Trillion Dollars In Loans; Morgan Stanley – 2 trillion And Goldman Sachs – A Mere 600 Billion
Matt Taibbi writing in Rolling Stone -
I was in Washington last week and visited Bernie in his office, mainly to talk about the incredible results of the Federal Reserve audit, about which I’ll be writing more in the upcoming weeks and after the New Year. The audit of the Fed was undertaken because Bernie and a few other members of congress fought very hard during the Dodd-Frank regulatory reform debate to force open Ben Bernanke’s books, and as a result we now know the staggering details of the secret bailout era. We know that Citigroup received $1.6 trillion in loans, and Morgan Stanley $2 trillion, and Goldman Sachs – the same Goldman Sachs that bragged about how quickly it paid back its $10 billion TARP bailout – over $600 billion. We know that hedge fund billionaires who moved their corporate addresses to the Cayman Islands to avoid U.S. taxes were rewarded by their buddies in government with huge Fed loans; we know that the U.S. government likewise has been extending massive loans to a variety of Japanese car companies at a time when many American auto workers in Detroit have seen their wages cut in half, to $14 an hour. There’s that and there’s more on the outrage front, and we know it all because Sanders kicked and screamed and stamped his feet about Fed secrecy until just enough other members of the Senate decided to go along with him.
http://southwerk.wordpress.com/2010/12/22/federal-reserve-gave-citibank-1-6-trillion-dollars-in-loans-morgan-stanley-2-trillion-and-goldman-sachs-a-mere-600-billion/