1 vote

Hanky-Panky at the Fed: Grand Theft Benny

"So, now we have irrefutable proof that the Fed was simply handing out money to the banks. More importantly, the report shows that this was not just a few isolated incidents, but a pattern of abuse that increased as the needs of the banks became more pressing. In other words, giving away money became policy. Is it any wonder why the Fed has fought so ferociously to prevent an audit of its books?"

http://www.counterpunch.org/whitney04292011.html