Fed audit tells the awful truth: It's socialism for the rich, and dog-eat-dog for all the rest of us

[Donnachaidh]

http://www.opednews.com/Quicklink/Fed-audit-tells-the-awful-in-General_News-110722-196.html

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the US 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.The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.'

More at the link --

[MichiganVote]

1. We're all being had. We pay them to rob from the US!

[Octafish]

2. ''Washington, we have a problem.''

"And you're it."

[Hubert Flottz]

5. Bush's "Ownership Society"

The super bankers and the big corporations own and operate Washington.

[xchrom]

3. 'Shared Sacrifice!!!' Nt

[Hubert Flottz]

4. Did you ever hear of the Warburgs?

Paul Warburg

http://en.wikipedia.org/wiki/Paul_Warburg

The Warburg Brothers

http://modernhistoryproject.org/mhp?Article=FinalWarning&C=2.2

The Warburgs, by Ron Chernow

http://www.commentarymagazine.com/article/the-warburgs-by-ron-chernow/

Enron Releases Details of UBS Warburg Agreement

http://www.enron.com/index.php?option=com_content&task=view&id=70&Itemid=34

UBS Warburg Stock and Securities Fraud

http://www.stockfraudnewswire.com/ubswarburg/index.html

As Obama Golfs with UBS CEO Days After Firm Avoids Criminal Prosecution, UBS Whistleblower Given 40-Month Jail Term

http://www.democracynow.org/2009/8/27/as_obama_golfs_with_ubs_exec

[girl gone mad]

6. k & r

[woo me with science]

7. K&R nt