FRB audit reveals $16T in secret bailouts by CaveTroll

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FRB audit reveals $16T in secret bailouts

POSTED BY: CAVETROLL
UPDATED: Friday, October 5, 2012 08:17
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Friday, October 5, 2012 8:02 AM

The first audit of the Federal Reserve Bank reveals that between 2007 and 2010 they gave 16 Trillion in secret bailouts to US and foreign banks.

Full report on the Senate site here;
http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a75
3-62060dcbb3c3

Page 131 of the GAO report shows which banks got money. The FRB is calling these "loans" but none of the money has been paid back and they were made at 0% interest.

http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_14
4

This could effectively double the national debt. Can Weimar style inflation be far off?

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Friday, October 5, 2012 8:17 AM

M52NICKERSON

DALEK!

For one, the Fed has been audited many times before.

Second this is from last year. You seem a bit late.

Third, it can't double the national debt. Who would the money be owned to?

I do not fear God, I fear the ignorance of man.

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