Have You Heard About the $16 Trillion Secret Bailout by Fed Reserve Bank?

Thanks to Ron Paul's amendment to the Dodd-Frank bill passed last year, for the first time in 100 years, the Federal Reserve Bank got audited.

Until now, it had been accountable to no one. The audit was done July 21 of this year—and what a bombshell! 

A series of secret loans at 0 percent interest were passed out to banks, corporations and foreign banks. Taxpayers should be furious that Congress and the Senate were not informed of this at all. None of the money has been paid back. But all these companies and banks are handing out big bonuses to their CEOs at our expense.

Honestly, have you heard anyone talking about this on the news or read about it in the newspaper? I thought not. They are so embarrassed, they don't want us to know.

That's $16,000,000,000,000.00. Just think about it.

Right now, Congress is quibling over a budget deficit of a measily $1.5 trillion! In 200 years, the U.S. government has had a total debt of only $14.5 trillion. The whole budget right now is $3.5 trillion, and they're not sure where it's going to come from.

Meanwhile, we just printed up $16 trillion and gave it away as if it was nothing. This has nothing to do with the TARP Bailout bill that was passed in 2008 and loans of $800 billion were given to failing banks and companies.

This is how it broke down:

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 
• Morgan Stanley: $2.04 trillion
• Merrill Lynch: $1.949 trillion
• Bank of America: $1.344 trillion 
• Barclays PLC (United Kingdom): $868 billion 
• Bear Sterns: $853 billion 
• Goldman Sachs: $814 billion
• Royal Bank of Scotland (UK): $541 billion 
• JP Morgan Chase: $391 billion
• Deutsche Bank (Germany): $354 billion 
• UBS (Switzerland): $287 billion 
• Credit Suisse (Switzerland): $262 billion 
• Lehman Brothers: $183 billion 
• Bank of Scotland (United Kingdom)
• BNP Paribas (France): $175 billion 
• and many many more including banks in Belgium of all places

What? None to poor Greece?????

View the 266-page GAO audit of the Federal Reserve here: http://www.scribd.com/doc/60553686/GAO- ... estigation

"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)

Senator Sander’s Article: http://sanders.senate.gov/newsroom/news ... 060dcbb3c3

Just think, with so many Americans out of work, losing their homes and talks of cuts to Medicare and Social Security, how dare they pass out money as if it were a game of Monopoly.

Stimulus package? Yeah, they could give each legal citizen of this country a million dollars, and still have money left over to balance the budget. I want my million now.

www.unelected.org

http://www.silverbearcafe.com/private/1 ... audit.html