Posted on 09/03/2012 6:14:52 AM PDT by opentalk
Here’s the actual GAO report.
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144
After having seized every bit of their assets to pay this down.
When the hell are we going to wake up and hold them accountable?
The only way out of this is through a global collapse.
I personally would like to get through the tough times now so I can have a chance at seeing a brighter future in my old age.
$16 trillion does not seem possible. Somebody (lots of somebodies) have nice Swiss account by now and/or huge slush funds.
What it looks like to me is that these loans were actually IOUs given on the promise that generations of Americans will pay them off.
If that is even remotely true, our taxes can never ever go down because we’ll be forever paying off a debt that was created for no other reason than to create profit.
I recall being just a bit pi$$ed off back in '08 when, if I recall correctly, Bernanke received money with no questions asked to be used however he deemed fit without having to answer to anyone as to how is would be used.
We ALL knew what this would lead to and that it wouldn't fix a damn thing back then!
These people are outright criminals. This report should result in Congressional hearings and a decision to end the Federal Reserve. However, I am not holding my breath. There will crickets heard in Congress and nary a mention in the press. It’s only 16 trillion dollars secretly guaranteed by the US tax payer. That’s not important. What’s really important is that Rush Limbaugh said we should not have to pay for Sandra Fluke’s whoopie time-related health care expenses.
The list of institutions that received the most money from the Federal Reserve can be found on page 131of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
Not possible without ZIRP, which itself has us on a path to capital dislocation.
the optometrist office that my doctor retired from and a new philipino doctor took over received $20 million dollars because a minority physician tookover the business, American doctors need not apply.
VAN SUSTEREN, FOX News: People think of him as hawkish on the budget, on expenses, but he voted for TARP. He voted for the auto bailout, voted for two stimulus in ‘08, voted against the ‘09 — February ‘09 President Obama stimulus. How does — I mean, how does he explain those, or I mean, how does — politically, how does he sell that?
BOEHNER: I mean, I think that he's a practical conservative. He's got a very conservative voting record, but he's not a knuckle-dragger, all right? He understood that TARP, while none of us wanted to do it, if we were going to save — save our economy, save the world economy, it had to happen. I wish we didn't have to do it, either, but he understood that.
____________________________________________________________
We have gone from ‘compassionate conservatives’ to ‘practical conservatives’ I cannot wait to see what they have in store for US next.
I don’t see USAA on that list.
I didn’t expect to see it there.
The Fedtards that troll blogs to counter the 16 T theft claim that they were just overnight loans that were made over the course of a few years and that were paid back the next day, but apparently that is not the case. You have to hypothecate a lot of American lives, property and labor to pay off a credit card like that.
I say that because I want a better world for my unborn grandchildren.
” I place economy among the first and most important virtues and public debt as the great danger to be feared. To preserve our independence, we must not let our leaders load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude.” Thomas Jefferson
The report was issued in July 2011. It is not new.
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