REVEALED: Recipients of $16 Trillion in Fed’s secret Bailouts

Image: Salvatore Vuono / *

$16,000,000,000,000.00 “secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. (…) virtually none of the money has been returned and it was loaned out at 0% interest.”

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)  Continue reading

Ron Paul: Audit the Fed, Before It’s Too Late!

Audit the Fed, Before It’s Too Late!
by Ron Paul – Daily Paul
March 5, 2012

“While the Fed has recently released an unprecedented amount of information on its activities, there is still much that remains unknown. Predictably, every push towards transparency has been fought tooth and nail. It took disclosure requirements enacted within the Dodd-Frank Act to get the Fed to provide data on its emergency lending facilities. It took lawsuits filed by Bloomberg and Fox News to provide data on discount window lending during the worst parts of the financial crisis. And it will take further concerted action on the part of Congress, the media, and the public to keep up pressure on the Fed to become and remain transparent.” Continue reading