Forum Post: slizzo, wassup country boy? Ya still think the Fed is quasi-public?
Posted 12 years ago on Nov. 29, 2011, 6:30 p.m. EST by FrogWithWings
(1367)
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http://presscore.ca/2011/?p=3279
Private Franchise homey.
"An audit of the Federal Reserve has revealed in the Sanders Report that the privately owned Federal Reserve secretly and unlawfully doled out more than $16 trillion in zero interest loans and concealed electronic funds transfers to some of the largest financial institutions and corporations in the United States and throughout the world."
Please note that this audit started at the end of '07 and up to summer '10. We all know much more happened after summer '10 and who the heck could ever guess what took place the first 90+ years?
If I'm not mistaken the total number of subprime mortgages out there is 1.4 trillion. The fed could have bought a house for everyone with a subprime loan for 10 times less than they spent bailing out banks for all the derivative side bets on those loans