Secret Fed Loans Gave Banks $13 Billion

[Riot]

Originally Posted by dellinger63

I'm talking about the $7.7 trillion total the Fed loaned out at below market rates that was paid back. What I'd like to see is the breakdown of what loans/profits went to US owned banks as opposed to foreign owned banks.

That's what Bloomberg is trying to reveal here (although that's pretty well known already, for TARP), with their FOIA request, searching through thousands and thousands of redacted memos and trying to put two and two together.

Dell, this is $13 billion beyond TARP, before TARP, outside of TARP - multiple people lying to Congress while TARP was being approved, multiple loans to keep companies solvent and lying about it and covering it up before TARP, favors to the financial sector. We were lied to during Bush, and during Obama. Go back to the first Bloomberg article I linked. This is huge. Or should be, if the American public can rip their horror away from, "The President didn't say the word God in his internet Thanksgiving speech" for a moment. It's so easy to tell Americans what to think, to distract us, so those in power can take more away from us. "Look, a Kenyan!" Click, treat. Right now, they are trying to take away internet freedom. Are you even aware of that?

Occupy Wall Street is precisely correct: Washington is owned by Wall Street, and our democracy is over if we don't try to take it back and re-create it now.