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| Preliminary audit of the Fed show's $16T to banks and corps http://www.sabresjunkie.com/forum/viewtopic.php?f=12&t=7256 |
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| Author: | Crosscheck [ Fri Sep 07, 2012 5:49 pm ] |
| Post subject: | Preliminary audit of the Fed show's $16T to banks and corps |
http://beforeitsnews.com/economy/2012/0 ... 49770.html I'm actually felling a little ill after reading this. Quote: From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments.
. . . 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) |
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| Author: | YankeeInRaleigh [ Fri Sep 07, 2012 6:17 pm ] |
| Post subject: | Re: Preliminary audit of the Fed show's $16T to banks and co |
Jesus biscuit pants, wtf. At last something we can all agree on (probably), that it's mega-fucked that we gave out trillions of made up dollars to foreign banks. I'd hope this would signal the end to the lawless Fed, and at least get it regulated with some sort of transparency. |
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