By Sen. Bernie Sanders
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. 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.”
Posted in Economy Economics
Tagged AIG, bailouts, Bank of America, banking cartel, banksters, Barclays, bernie sanders, BofA, chase, Citigroup, class war, Conflict of Interest, Fed audit, federal reserve, federal reserve audit, general electric, JPMorgan Chase, morgan stanley, secret loans, wall street
By Betsy L. Angert
Kill the Bill or be killed by the Senate Health Care Reform Bill. That is the choice Americans face. Death looms large in the United States today. Continue reading
copyright © 2009 Betsy L. Angert. BeThink.org
The adage is “Time moves on.” The assumption is all will get better. However, for the little people in the United States, those who work, pay taxes, and still cannot make ends meet, life has been a backward motion. Throughout the history of America, it was believed the people, with the assistance of elected Representatives, and well-chosen regulators would ensure that the United States was solid, strong, and fiscally viable. Currently the public is told that Federal Reserve Chairman Ben Bernanke has saved the country from certain crash. However, for the first time in generations, the population feels as though it is in free fall. Continue reading
Single payer is the most cost-effective way to cover every man, woman and child in this nation, as many other countries do. Medicare for All is the best solution to our healthcare crisis.
Senator Bernie Sanders on Single Payer
BERNIE SANDERS UNFILTERED
Dear Friends, Colleagues and Supporters:
Hi, I’m Senator Bernie Sanders of Vermont, the longest-serving independent in American history.
I’m an independent progressive for a reason. Actually, for many reasons. Here are a few: The American middle class is under threat of extinction. Wars are waged for the profits of security contractors and weapons manufacturers. The bank lobby, the insurance companies and the drug companies practically run the House and Senate. I could go on.