Haven't seen this here and not sure why its not getting talked about more than what I have been able to find.
July 21, 2011 the GAO released its findings and recommendations on the Federal Reserve as part of the Dodd-Frank legislation.
Most of what I have seen reported is a little convoluted, but if there was ever any doubt to the level of improprieties the fed has been accused of this report removed most's doubt.
This article reports $16T to foreign banks between Dec. 2007 and July 2010 as part of an unsanctioned bailout through various means...
Read for yourselves. Would like to hear opinions from all sides.
266 pages = weekend reading. Thanks for the post!
The Fed is going to have a hard time explaining this to the public. $16 trillion?!?! holy shit
Also why is the federal reserve bailing out foreign banks.....obvious political favors
jk, needs as much publicity as possible.
The Fed doesn't just make it rain, they make it hail.
They still need to be as far apart from the government and away from regulation as possible though.
Helicopter Ben is going to get off scot-free just like all the other stuff he's done. Everyone knows that's what the Fed policy was. He'll do his usual means of escape: Be on both sides of the argument so he can't lose. I cannot stand this guy.
Ron Paul is definitely rubbing one out to this.
Probably timed during the dbt ceiling debate for a reason...
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