Fed Chairman Bernanke Refuses To Tell Us Who Got Trillions
Really, can the swindle get any worse than this?
"In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who usually votes with the Democrats, said he found it "unacceptable" that the central bank risked taxpayer money without detailing where the funds went.
"My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?" Sanders asked, referring to the size of the Fed's balance sheet.
Bernanke responded that the Fed explains the various lending programs on its website, and details the terms and collateral requirements.
When Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank chairman replied, "No," and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
"Isn't that too bad," Sanders interrupted, cutting him off. "They took the money but they don't want to be public about the fact that they received it."
"In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who usually votes with the Democrats, said he found it "unacceptable" that the central bank risked taxpayer money without detailing where the funds went.
"My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?" Sanders asked, referring to the size of the Fed's balance sheet.
Bernanke responded that the Fed explains the various lending programs on its website, and details the terms and collateral requirements.
When Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank chairman replied, "No," and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
"Isn't that too bad," Sanders interrupted, cutting him off. "They took the money but they don't want to be public about the fact that they received it."
posted by nolocontendere at 8:47 PM
2 Comments:
The vampires and vultures behind the NWO and the WoT got it, who else? Bush and his fast-cap buddies controlled the US Empire for 8 years without any oversight, knocking down watchdogs and kicking them every chance they got.
Now they're all building high-tech castles somewhere where the American public can't find them. No doubt, much of it has already been converted to gold and other rare and valuable minerals.
They'll be fiddling and laughing while the empire falls, and probly plan on picking the bones of the dead after all the damage is done.
And we're all commie terrorists for pointing this out.
Yeah, coming back and buying up assets for pennies on the dollar is always their game but you know what nick? It ain't going to work this time because the rules are shortly going to change and their castles aren't going to be as secure as they would have liked.
Post a Comment
<< Home