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Forum Post: The first top-to-bottom audit of the Federal Reserve

Posted 12 years ago on Oct. 11, 2011, 6:58 p.m. EST by Quinlaw (0) from Calgary, AB
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The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."



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[-] 1 points by Chromer (124) 12 years ago

That will never happen. If I'm not mistaken, six months prior to Kennedy's assassination, Kennedy wanted to take away the federal reserves right to print money. Remember the secret society he mentioned in one of his last addresses to the nation. Look it up. It's interesting

Just a thought.