www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf
The media’s inscrutable brush-off of the
Government Accounting Office’s recently released audit of the Federal
Reserve has raised many questions about the Fed’s goings-on since the
financial crisis began in 2008.
The audit of the Fed’s emergency lending programs was scarcely
reported by mainstream media – albeit the results are undoubtedly
newsworthy. It is the first audit of the Fed in United States history
since its beginnings in 1913. The findings verify that over $16
trillion was allocated to corporations and banks internationally,
purportedly for “financial assistance” during and after the 2008 fiscal
crisis.“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president.”
The report serves as a clear testimony of the Fed’s emergency action plan to bailout foreign corporations and banks in a time of crisis, but the GAO report does not berate the Fed; rather, it provides a lucid explanation of where the money was allocated and why.
www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/#577d7a7726b0
No comments:
Post a Comment