Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

Jul 21, 2011 Full story: www.unelected.org 241

The first ever GAO audit of the Federal Reserve, today, revealed that the Fed secretly bailed out banks and corporations to the tune of $16,000,000,000,000. Banks from France to Scotland were bailed out and Citigroup received upwards of $2.5 Trillion.

Full Story
First Prev
of 13
Next Last
LOL

Tampa, FL

#1 Jul 21, 2011
Not a surprise....

everyone on the planet knows the Fed is as crooked and corrupt as o-bomb-a.......

Since: Feb 07

Whitman,Ma

#3 Jul 21, 2011
Ron Paul was right on this one. He says the Federal reserve should be investigated and then dis-banded.
Cranky Old Man

United States

#4 Jul 21, 2011
The President had to have known about this. If true, such a scandal could sink the country. The boy should not have any more money. He will lose it, give it away to his friends, or just throw it away. He probably wipes his butt with hundred dollar bills.
owen

Richmond, KY

#5 Jul 21, 2011
Why these S.O.B.s are not in protective custody is behond me. These crooked BASTARDS need to strung up, by the neck, until dead. I'm so mad that I can't comment for fear of being arrested. Any body need a bullet.

“WTF?”

Since: May 08

Leftists ruined my oatmeal!

#6 Jul 21, 2011
Yes! Let's destroy the fed and go back to the gold standard, like the oligarchs want. That will be so much fun!!

You guys are about to get a preview of what happens when the fed defaults on USA bonds - that should be fun, as it is my experience that the very folks who don't care if the government defaults are usually the same whom want to abolish the fed.

Which is to say they don't know what the hell they are talking about, both would be a disaster.
LOL

Tampa, FL

#7 Jul 21, 2011
owen wrote:
Why these S.O.B.s are not in protective custody is behond me. These crooked BASTARDS need to strung up, by the neck, until dead. I'm so mad that I can't comment for fear of being arrested. Any body need a bullet.
Thats the reason your government leadership lies and keeps so many things from citizens....

if all the truth of what has been going on with government for the past 40 years was known to the public......

even fat lazy azzed wussy americans would turn on their government....
Paul Revere

Ormond Beach, FL

#8 Jul 21, 2011
I always felt that the Fed was contemptuous but not to this level. This is unfathomable, outraged, livid, I'm beyond that. American citizens should demand that all Federal Reserve activities be closely scrutinized until legal actions are taken against those responsible. This is absolute BS.
Repugnorants

Decatur, GA

#10 Jul 21, 2011
Call me crazy, but I do my own research when I see interesting stories like this one put out by a website that wants to end the Federal Reserve System.

There is no such report on on the official GAO site.

But people will believe anything and make comments on this stories like they are true.

Oh how gullible the masses are.

...anyone wonder why this "story" is only here? Naah, of course you don't.

Run with it. if it's on a website it has to be true!! lol
Repugnorants

Decatur, GA

#11 Jul 21, 2011
First I visited the site linked to by this story, unelected.org .

The story has the title...
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
Posted by qu4nt|_|m w0rm on July 21st, 2011

...posted by who? "qu4nt|_|m w0rm"?

Yeah, thats gotta be credible.

Oh yeah, and follow the link to the report....tell me where it takes you. LOL

http://www.scribd.com/doc/60553686/GAO-Fed-In...

Oh wait, it doesn't take you to the actual report on the GAO.gov site?

Oh wait, it doesn't even take you to ANY report?

Oh my.

Stop being so damn gullible sheep. You'd believe a turd if it said what you want to hear. SEE PALIN
Repugnorants

Decatur, GA

#12 Jul 21, 2011
Paul Revere wrote:
I always felt that the Fed was contemptuous but not to this level. This is unfathomable, outraged, livid, I'm beyond that. American citizens should demand that all Federal Reserve activities be closely scrutinized until legal actions are taken against those responsible. This is absolute BS.
Stop believing everything you hear. Do SOME research. Thats not asking much.

Follow any link on that website dedicated to ending the Fed Reserve...see if the link to the "report" takes you anywhere that shows the report.

Sheep.

Now back to your rant, without getting any confirmation.
Repugnorants

Decatur, GA

#13 Jul 21, 2011
You idiots should be ashamed of yourselves. THINK FOR YOURSELVES...DO SOME RESEARCH!

DNF

“Judge more and you love less”

Since: Apr 07

Newark OH-Baltimore MD-S.Fla

#14 Jul 21, 2011
Repugnorants wrote:
Call me crazy, but I do my own research when I see interesting stories like this one put out by a website that wants to end the Federal Reserve System.
There is no such report on on the official GAO site.
But people will believe anything and make comments on this stories like they are true.
Oh how gullible the masses are.
...anyone wonder why this "story" is only here? Naah, of course you don't.
Run with it. if it's on a website it has to be true!! lol
OOPS!
July 21, 2011

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."
http://sanders.senate.gov/newsroom/news/...

see also:
http://www.ask.com/web...

“JESUS WOULD IMPEACH THE GOP!!!”

Since: May 09

Lake Success, N.Y.

#16 Jul 21, 2011
Repugnorants wrote:
You idiots should be ashamed of yourselves. THINK FOR YOURSELVES...DO SOME RESEARCH!
You're correct. I found nothing relating to this story on the links provided. More BS from who knows???????
SimplyCrazy

Decatur, GA

#17 Jul 21, 2011
DNF wrote:
<quoted text>OOPS!
July 21, 2011
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."
http://sanders.senate.gov/newsroom/news/...
see also:
http://www.ask.com/web...
Again...no links to the report. Let me know when you find it.
Repugnorants

Decatur, GA

#18 Jul 21, 2011
How does the federal reserve has loaned out out 16 trillion in secret loans when that represents more than five times the total assets of the federal reserve?

Since: Oct 08

.

#19 Jul 21, 2011
So now that we know we got an addition 16 trillion on the books what is the big deal about another debt limit raise of 2.6 trillion for odumbo to piss away like the 4 trillion he has pissed away since he became presidunce. If he knew this was going on he should be impeached.
Repugnorants

Decatur, GA

#20 Jul 21, 2011
Ok, I just did some more research. The loans are not secret. And they were reported, as the law requires.

A) These are loans, almost all of which get paid back.
B) This is not a secret. Just because something goes on you didn't know about, doesn't mean it was a secret. It just means you where ignorant.
C) This benefits the US. The US MADE money from this.

As I asked the question above, the only way the fed can loan out 5 times the total assets of the fed is that the loans have to be paid back almost immediately, and the U.S. would have had to make money to do so continue lending.

So the word "bailout" is not like the Bush bailout, where it was money given out with no requirement to pay back.

This "bailout" sound more like the Obama "bailout", a LOAN with interest and expected to be paid back.

Thank God.

“FEED THE DEAD FETUS”

Since: Jan 11

Location hidden

#21 Jul 21, 2011
Figures

“Operation GTFO Advocate”

Since: Jul 11

Kenyan-Bound Commie Blubber

#22 Jul 21, 2011
Repugnorants wrote:
Ok, I just did some more research. The loans are not secret. And they were reported, as the law requires.
A) These are loans, almost all of which get paid back.
B) This is not a secret. Just because something goes on you didn't know about, doesn't mean it was a secret. It just means you where ignorant.
C) This benefits the US. The US MADE money from this.
As I asked the question above, the only way the fed can loan out 5 times the total assets of the fed is that the loans have to be paid back almost immediately, and the U.S. would have had to make money to do so continue lending.
So the word "bailout" is not like the Bush bailout, where it was money given out with no requirement to pay back.
This "bailout" sound more like the Obama "bailout", a LOAN with interest and expected to be paid back.
Thank God.
Could you show the links to your "research" please. Andw hy didn't you already do so?

“Operation GTFO Advocate”

Since: Jul 11

Kenyan-Bound Commie Blubber

#23 Jul 21, 2011
DNF wrote:
<quoted text>OOPS!
July 21, 2011
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."
http://sanders.senate.gov/newsroom/news/...
see also:
http://www.ask.com/web...
And Bernie is THE biggest avowed DSA socialist of the 70 self-avowed socialist DSA democrats.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 13
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Red Discussions

Title Updated Last By Comments
New film puts Brian Mulroney back at centre stage (Oct '10) Nov '14 Tanya Kim 2
Biker with violent past starts Lynchburg motorc... (Aug '11) Oct '14 Tim 3
Miley VS. Katy VS. Gaga (Nov '13) Dec '13 t fuller 6
Texas search firm seeks $100K from Casey Anthony (Jun '13) Jul '13 North Texas 2
Identifying Meth Lab Red Flags / Alissa Ponchione (Apr '13) Apr '13 Sheik Yerbouti 1
Bruce Willis: Don't infringe on Second Amendment (Feb '13) Feb '13 nICK 9
The Public Pulse, Sept. 5 (Sep '12) Sep '12 Romney N Ryan 3
More from around the web