Results of the first ever Federal Reserve audit

[joec]

Here are several source so I don't accused of cherry picking on this.

http://www.washingtonpost.com/busin...-of-interest/2011/07/21/gIQAJbbnSI_story.html

http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts

http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-trillion-in-emergency-loans/

These are just 3 I picked at random for Google but there are many more from all kinds of sources.

 

[tiredretired]

High treason. We all know what should happen to traitors.

 

[joec]

Now that might be true, however here is your real class warfare. These are very rich bankers, "the job makers", so where is the bailout for the working stiffs and small business in this country? Oh and their profits are no the highest in history, well I guess.

 

[Enceladus]

The only reason bankers get away with shit in my estimation is that our elected officials are sleeping with them

 

[Big Dog]

Obama is responsible for it all ............. take a look at what the CBO now says on the stimulus, like a lot of us did 3 years ago. All this class warfare and bankers hawking money was all made possible by that shit head giving money to his friends. Anyone think the democrats are supporters of the working class has their head up their ass! Democratic politicians are the elite that makes the sheep believe they're helping them. America is a land of more idiots than educated, more lazy than working class, less responsible than ethical, and more hands out than those earning their keep thanks to the liberals!

CBO: Stimulus bill will crowd out the private sector

 

[Kane]

President Bill Clinton repealed the Glass-Steagall Act which had prevented the coupling of investment banking and lending. To be exact, on November 12, 1999, President Bill Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933. One of the effects of the repeal is it allowed commercial and investment banks to consolidate and give the middle class a royal flush.

 

[joec]

President Bill Clinton repealed the Glass-Steagall Act which had prevented the coupling of investment banking and lending. To be exact, on November 12, 1999, President Bill Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933. One of the effects of the repeal is it allowed commercial and investment banks to consolidate and give the middle class a royal flush.

Yes I have to agree Clinton shouldn't have signed it however the Republican dominated congress would have probably over ridden his veto. Remember guys the republican feel government regulations are always bad even if they kept our economy steady and strong from 1933 till 1999.