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Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
unelected.org ^ | unelected.org

Posted on 12/27/2011 6:08:43 PM PST by Iam1ru1-2

The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent socialist Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Federal Reserve Chairman, Ben Bernanke(pictured to the right), former chairman, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning (July 21, 2011).

What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 (Bush's term) and June 2010 (Obama's term), the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is "only" $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is "only" $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.

"This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else." - Bernie Sanders (I-VT)

When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability. Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and supercorporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy (as may be their intent).

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of 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

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011): http://www.scribd.com/doc/60553686/GAO-Fed-Investigation Source: http://www.gao.gov/products/GAO-11-696 FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

www.unelected.org


TOPICS: Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: audit; fed; paul
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1 posted on 12/27/2011 6:08:47 PM PST by Iam1ru1-2
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To: Iam1ru1-2

well ummm whaaa....is this to be believed? all the more unbelievable if it is.


2 posted on 12/27/2011 6:13:58 PM PST by the invisib1e hand (Ignorance is no excuse.)
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To: Iam1ru1-2
and America takes another one in the........

3 posted on 12/27/2011 6:14:19 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Iam1ru1-2
Senator Sander’s webpage earlier this morning (July 21, 2011).

What did Freepers say at the time? (I think I was on vacation)

4 posted on 12/27/2011 6:18:21 PM PST by gusopol3
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To: Chode

We Waz ROBBED!


5 posted on 12/27/2011 6:20:20 PM PST by Shady (The undeniable truth of the Obama Administration...The numbers do not lie.)
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To: Liz; STARWISE; maggief; penelopesire; onyx

Is this for real?


6 posted on 12/27/2011 6:20:30 PM PST by hoosiermama (We need more Jobs.....Steve Jobs....entrepreneurs and creators.)
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To: Iam1ru1-2
All Americans should be outraged!!! These 0% loans should be called home immediately to pay off our national debt.

Makes you wonder what a complete audit would reveal?

7 posted on 12/27/2011 6:21:54 PM PST by rawhide
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To: Iam1ru1-2

Really...
Only 16,000,000,000,000.00 American Dollars?
Hard de har har,
For that we wasted the time of the General Accounting Office.
that’s just Looney


8 posted on 12/27/2011 6:25:07 PM PST by nkycincinnatikid
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To: Iam1ru1-2

This means our money is worth nothing. What else could it mean. So everyone should just stop paying any debt they ow to any of the banks or credit card compainies because they have already been paid.


9 posted on 12/27/2011 6:28:40 PM PST by Jukeman (No Romney, No Bush, No Trump. No, No, No. Never. Final Word!)
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To: Iam1ru1-2

It is time a whole lot of people WAKE THE HELL UP!

http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1323879313&sr=8-1


10 posted on 12/27/2011 6:29:52 PM PST by GWConservative ( No PACs electstephens.org)
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To: Iam1ru1-2

Ron Paul leads the charge to stop the criminal behavior of the Federal Reserve. This is probably the tip of the iceberg of debt that the US taxpayers are accountable for via the Fed. It is hard to believe they want to bail out the European Central Bank on the backs of us citizens.


11 posted on 12/27/2011 6:31:33 PM PST by pterional
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To: rawhide

If it were that easy we would just run the printing presses and pay off the debt.


12 posted on 12/27/2011 6:32:51 PM PST by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: Shady
indubitably...
13 posted on 12/27/2011 6:38:13 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Iam1ru1-2
From:

Fed’s Once-Secret Data Compiled by Bloomberg Released to Public

$1.2 trillion -- The Fed’s actual lending to banks and financial companies at its single-day peak, Dec. 5, 2008, through the seven programs Bloomberg News studied in depth.

$16 trillion -- The “total transaction amounts” for Fed lending included in a July 21, 2011, study by the Government Accountability Office, a non-partisan investigative agency that reports to Congress. The Fed’s Dec. 6 memo said it was inaccurate to describe that amount as the total of its lending and guarantees, as some websites did.

The method the GAO used to produce that total differed from Bloomberg’s approach. Bloomberg built spreadsheets to show each borrower’s daily amounts outstanding, and then found the day on which those amounts peaked. The GAO tallied all cumulative loans to arrive at $16 trillion. Its report noted that the total didn’t reflect how loans’ terms varied under different Fed programs.

If a bank borrowed $1 billion overnight for 100 nights, Bloomberg’s analysis would show that the bank had a $1 billion balance at the Fed for 100 days; the GAO method that produced the $16 trillion total would sum up those transactions to $100 billion, even though the bank never owed more than 1 percent of that total.

14 posted on 12/27/2011 6:46:33 PM PST by Doe Eyes
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To: pterional

>>>Ron Paul leads the charge to stop the criminal behavior of the Federal Reserve.<<<

I suspect the Federal Reserve and the “Too Big Too Fail” (TBTF) banks have hired (or paid off) an army of instigators and shenanigans to smear Ron Paul in every way imaginable. Is it working? Time will tell.


15 posted on 12/27/2011 6:49:25 PM PST by PhilipFreneau
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To: hoosiermama

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html


16 posted on 12/27/2011 6:49:25 PM PST by maggief
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To: Iam1ru1-2; Liz; AT7Saluki
Obama to ask for debt limit hike: Treasury official
17 posted on 12/27/2011 6:49:50 PM PST by Libloather (The epitome of civility.)
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To: maggief

thanks maggie....I’ve REALLY missed getting ALL the news here on FR.


18 posted on 12/27/2011 6:56:21 PM PST by hoosiermama (We need more Jobs.....Steve Jobs....entrepreneurs and creators.)
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To: Shady

Just curious, but I’m wondering who would I have to blow in order to get a meazly $1 million, tax-free, interest-free, non-repayable loan/bailout (a la Solyndra).

Perhaps I need to rent a limo, buy a couple of grams of “blow” and then blow Barry, eh?

Sorry, but even though I could go along with the first 2 conditions, I’d prefer to be boiled in oil rather than comply with condition number 3.

Guess I’m going to have to keep my day job. ;-)

Ernie


19 posted on 12/27/2011 6:59:18 PM PST by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: Iam1ru1-2
This is not "new" news. Look at this search. This same article was posted on Nov 30.

From an article posted here on FR last July 29:

I question why there hasn't been any yelling and screaming about this.
20 posted on 12/27/2011 7:04:11 PM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: Iam1ru1-2; Toddsterpatriot

Waiting for the Toddster to tell us that this never happened, and even if it did, well we need banks and banking so suck it up and be thankful for it all.


21 posted on 12/27/2011 7:04:59 PM PST by AndyJackson
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To: Iam1ru1-2

The so called Federal Reserve is a non govt entity (NGE), posing as if it were a govt entity. Basically it’s a group of international bankers who look out for their own interests, while be subsidized by the American taxpayer.

It’s truly a sweet deal for the elite bankers, and investors, who are members of this elite group. You’ve probably seen some of their vacation homes on the cliffs by the ocean, or their yachts at harbor. You probably wondered, who the heck are these people? Now you know.

Course it’s not your privy to challenge their banking and investment schemes. But you will bail them out, when they make bad loans, and/or investments. And that, my FRiends, is all you need to know.

They could all be exposed. Especially if RuPaul were to get his way. But we all know that is not going to happen. Since they are “too big to fail,” as well as too big to be messed with.

I remain optimistic, that in the future, taxpaying Americans will succumb to the light, once their blinders are removed. For now, the status quo is the strongest tie which blinds.

Please don’t ZOT me for this post. It is not an endorsement for RuPaul. It’s simply he has his footprint all over this issue, which needs to be exposed.


22 posted on 12/27/2011 7:08:03 PM PST by takenoprisoner (Constitutional Conservatism is Americanism.)
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To: Iam1ru1-2

That crazy Ron Paul, the nerve of him wanting the Federal Reserve’s books exposed.

The US dollar being the world’s reserve currency does involve propping up world banks or if they fail the US banks fail, IOW if the US stands by and does nothing the entire world’s monetary system and its house of cards comes tumbling down...US taxpayer money being involved is just a minor detail.


23 posted on 12/27/2011 7:11:55 PM PST by Razzz42
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To: AndyJackson
What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out

Given out? LOL!

The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program,

Yeah, they call loans loans. Odd, isn't it?

but virtually none of the money has been returned and it was loaned out at 0% interest.

All of it was returned. It wasn't loaned at 0%.

Thanks Andy, I always enjoy pointing out the idiocy in these posts.

24 posted on 12/27/2011 7:21:14 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: GWConservative

That book is full of stupid, silly errors.


25 posted on 12/27/2011 7:23:53 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: pterional
This is probably the tip of the iceberg of debt that the US taxpayers are accountable for via the Fed.

How is money that the Fed loaned out, that has been repaid, with interest, add to the debt that taxpayers are "accountable for"?

26 posted on 12/27/2011 7:26:35 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: takenoprisoner

Contrary to some that post around here, the Federal Reserve does not have a free hand to act here or overseas, Congress has complete oversight of the Federal Reserve and the Federal Reserve answers to Congress. Any profits the Federal Reserve generates is returned to the US Treasury. I see the Federal Reserve as a GSE, Congress created it and Congress could do away with it.

In the past, Congress said the Federal Reserve didn’t have to show their books and then recently changed the law and that is why you are now seeing an audit report in greater detail than ever before. Congress can do that sort of thing when prompted.

Of course Congress, with the aid of the US Treasury, can also give its blessing for the Federal Reserve to bailout the world.


27 posted on 12/27/2011 7:27:58 PM PST by Razzz42
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To: AndyJackson

You got that one right. And Greek bonds, failed derivatives bets, mortgage backed paper, no interest loans, etc., are perfectly fine collateral, terms and conditions for the US taxpayer.


28 posted on 12/27/2011 7:34:57 PM PST by Razzz42
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To: Toddsterpatriot

Where are the receipts? How do you know the money was paid back? If it was paid back what is your source of information?


29 posted on 12/27/2011 7:49:59 PM PST by pterional
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To: Toddsterpatriot
So was there an audit done? Why would the so called audit be claiming that virtually none of the money has been returned ...... ?

What makes the god FED so 'holy' and omnipotent? Whose 'money' are they playing monopoly with in the first place? AND yes I recognize they get their gravitas and secrecy from the Congress and the executive branch. It would seem since the red destructive liberal minds took over running government in 2007 'we the people' ought to be taking more action than mere audits.

30 posted on 12/27/2011 7:52:44 PM PST by Just mythoughts (Luke 17:32 Remember Lot's wife.)
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To: pterional
Where are the receipts?

In a mayonnaise jar on Funk & Wagnalls' porch.

How do you know the money was paid back?

I can read a balance sheet.

If it was paid back what is your source of information?

Here.

Let me know if you have any questions.

31 posted on 12/27/2011 7:57:30 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Just mythoughts
So was there an audit done?

They're audited every year.

Why would the so called audit be claiming that virtually none of the money has been returned ...... ?

That's the idiotic claim of the idiot who writes for that blog. His claim has little to do with reality.

What makes the god FED so 'holy' and omnipotent?

Your imagination?

Whose 'money' are they playing monopoly with in the first place?

They can create their own, so I guess the answer is the Fed's money.

It would seem since the red destructive liberal minds took over running government in 2007 'we the people' ought to be taking more action than mere audits.

Exactly! Take Ron Paul's advice and let Congress run the Fed. LOL!

32 posted on 12/27/2011 8:02:03 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Iam1ru1-2

The only good thing about Ron Paul is that he wants to give the Federal Reserve a rectal exam.


33 posted on 12/27/2011 8:02:18 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Iam1ru1-2
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 (UK): $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 (UK): $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
34 posted on 12/27/2011 8:03:43 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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To: Jukeman
One 50 Million Mark note. Printed in 1923. It would not have purchased a loaf of bread.

35 posted on 12/27/2011 8:08:48 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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To: Toddsterpatriot
Let me know if you have any questions.

It's looks to me as all they did was refinance. When one refinances, the original loan is considered paid in full. Are you offering that none didn't refinance?

36 posted on 12/27/2011 8:13:27 PM PST by takenoprisoner (Constitutional Conservatism is Americanism.)
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To: takenoprisoner
It's looks to me as all they did was refinance.

These were mostly overnight or other very short term loans. So $1 billion borrowed and "refinanced" for a month made it look like they borrowed $30 billion when they only borrowed $1 billion at a time.

When one refinances, the original loan is considered paid in full.

You're also paid in full when you pay in full.

Are you offering that none didn't refinance?

Current Fed discount window loans are $13 million. Million with an M. It's safe to say that the $16 trillion in loans has been repaid if the outstanding balance is down to $13 million.

37 posted on 12/27/2011 8:18:56 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
In my first comment to you I initially said that the FED worshipers would consider any question of their workings to be blasphemy and cause one to get labeled a 'Paulbot'. I removed those words so I would not get accused of mind reading... HA I was so very correct, as I have never been a fan of RonPaul.

WHO audits the FED every year? REALITY is the FED did play 'god' with TAXPAYERS dollars, and IF all their so called interest free loans have indeed been repaid then why is Europe and US still in a heap of hurt?

Seems to me the Congress and the Executive branch already uses the FED as their secret bank to keep their favorite contributors flush with cash.

38 posted on 12/27/2011 8:21:06 PM PST by Just mythoughts (Luke 17:32 Remember Lot's wife.)
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To: Toddsterpatriot

I am glad you can read a spread sheet but it looks like this spread sheet covers only one year and only mentions AIG as paying their debt. What about the money that went to foreign banks?


39 posted on 12/27/2011 8:25:10 PM PST by pterional
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To: zeugma

there is no money...there are not truckloads of $100 bills being delivered to banks.....bookkeeping entries are made on a spread sheet somewhere and EUREKA everything is now O.K. I have purchased and sold many dollars worth of things in my life and have NEVER seen a dollar bill exchanged for anything . You sign here, I sign there, and I buy your ten million dollar business....you have a paper ten million dollars and I owe ten million dollars to someone....the check is in the mail!!!


40 posted on 12/27/2011 8:28:21 PM PST by terycarl (lurking, but well informed)
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To: Just mythoughts
WHO audits the FED every year?

Deloitte & Touche.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2010.pdf

REALITY is the FED did play 'god' with TAXPAYERS dollars,

They don't play with TAXPAYERS dollars.

and IF all their so called interest free loans

They were loans. They weren't interest free.

have indeed been repaid then why is Europe and US still in a heap of hurt?

Deadbeats keep defaulting, or threatening to default.

41 posted on 12/27/2011 8:30:47 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: pterional

Folks your missing the point.

This is high treason.

You cannot aid other countries to the detriment of the United States.

This must stop

Comments and suggestions?


42 posted on 12/27/2011 8:33:20 PM PST by Steve Newton
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To: pterional
I am glad you can read a spread sheet but it looks like this spread sheet covers only one year

Actually, they release their spreadsheet every week. What makes you think a spreadsheet covers a year?

What about the money that went to foreign banks?

Repaid.

43 posted on 12/27/2011 8:33:37 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Steve Newton

Detriment? What detriment?


44 posted on 12/27/2011 8:35:00 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Well no wonder this is mind boggling complicated...

So what Congress got was a copy of Deloitte&Touche audit, nothing more?

I asked IF the loans have indeed been repaid then why is Europe and US still in a heap of hurt? Your answer is...

Deadbeats keep defaulting, or threatening to default.

How is it possible to be a 'deadbeat' and keep defaulting, or threatening to default IF the loans have been repaid?

I do not believe you when you say the FED does NOT play with TAXPAYERS dollars... because the 'government' unless some hidden law has been passed is 'we the people' and they do not have one thin dime without first taking it from US.

45 posted on 12/27/2011 8:41:57 PM PST by Just mythoughts (Luke 17:32 Remember Lot's wife.)
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To: Just mythoughts

Well said


46 posted on 12/27/2011 8:45:43 PM PST by Steve Newton
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To: Just mythoughts
So what Congress got was a copy of Deloitte&Touche audit, nothing more?

No, they got an additional audit.

Deadbeats keep defaulting, or threatening to default.

How is it possible to be a 'deadbeat' and keep defaulting, or threatening to default IF the loans have been repaid?

The banks aren't the deadbeats, it's mortgage borrowers and governments like Greece.

I do not believe you when you say the FED does NOT play with TAXPAYERS dollars...

Why would the Fed need taxpayer dollars when they can create trillions of their own?

unless some hidden law has been passed is 'we the people' and they do not have one thin dime without first taking it from US.

Did the Fed ding your paycheck when they created the new money? I didn't notice a change in mine either.

47 posted on 12/27/2011 8:47:54 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: terycarl

I’m not sure what your point is. Anyone who has looked at this stuff for any length of time will know that the vast majority of large, (especially interbank) transactions effectively take place as what are essentially bookkeeping entries. What that $50M Mark note represents is the hyperinflation that can result from unrestrained printing presses, be they physical or electronic. I purchased it many years ago because I’ve seen that as a likely result of the economic policy of this country.


48 posted on 12/27/2011 9:03:44 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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To: Iam1ru1-2

Since when does a bribe/kickback get dignified by calling it a “secret bailout”?


49 posted on 12/27/2011 9:12:05 PM PST by Spok (From hope and change to change is hopeless. In just the first term.)
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To: Iam1ru1-2

Seems as if the US Federal Government is “underwater’ more than they admitted.


50 posted on 12/27/2011 9:12:32 PM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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