By Fred Burks
I subscribe to the WantToKnow.info list under two different email addresses just to make sure that the messages go through. Today, for only the second time in four years, both emails were automatically filtered to my spam box. The first time was about four months ago when I reported on the secret societies of the power elite (http://www.WantToKnow.info/secretsocietiesnewsarticles). It was a very key and important message someone may have wanted to censor.
Today’s message also happens to be one of the most important messages I’ve ever sent. It clearly reveals the blatant corruption of the big banks in the $700 trillion derivatives market.
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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.”
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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