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Fed Provided $16 Trillion To Foreign Banks, Financial Houses

The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion. Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows.

http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-tril...



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its not the way to ..

the white house.. the fed issue is not the way to the office ..I dont know how it can be ..If Ron starts off the next debate talking the fed it will not increase his chances.. Its important but not the way to election.just not enough voters are tuned to this if you could convince the middle to lower income voters yes but they do not see the issue of monetary policy as critical..to their welfare .

The media silence on this is deafening.

You have Godzilla and King Kong running loose in the streets and yet nobody seems to notice. Unbelievable.

If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one.

Get your peice of the pie (π) while it's hot! Get is fresh!

Supercomputers crack sixty-trillionth binary digit of Pi-squared
April 29, 2011

Whilst the Fed divvies up our pie ($), we go hungry.

Meanwhile, other's divvy up Pi (π). We go to wondering, will there be anything left when the baking ($) & calculating (π) is done?

Mathematically, the average (µ) taker is quite high (at least a triple entendre); the average(µ) donor is quite taken (another entendre). It is us taxpayers that are being taken. We are taken as donors for 98 years.

End the Fed: Loaning you blind, since 1913.
Paper Audit of Gold Ain't worth Paper! posted by Mark Twain, 07/08/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The Fed must be stopped

America doesn't need this brand of criminal enterprise.

Nor any other of their ilk! No trademark, patent, copyright...

Nor trade secret!

"Legal Tender," branded... goes up in smoke.

Ron Paul: Competing currencies guard against profligate government. posted by Mark Twain, 07/11/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

The details of the $16T pay-out

GAO Report:
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
Posted by qu4nt|_|m w0rm on July 21st, 2011

The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the left), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

http://www.unelected.org/audit-of-the-federal-reserve-reveal...

The Fed so called audit combed their loan payee list.

Not much of an audit. The Fed admitted they lied. Foreign banks, "Too Big to Fail" banks, Investment companies, small well connected companies...

Even housewives got loaned up befitting an empress.

Taxpayers got shafted up royally.

The Fed: Legal tendering the world as you knew it, into something you cannot believe.
Fed Inflates Itself Beyond "Alice in Wonderland" ... $2 Quadrillion Mark Twain 02/24/2011 - 10:57pm

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

If the average taxpaying American

fully understood what happened they'd burn Washington to the ground.

The average (μ; Ancient Greek μῦ) is Greek to me.

The average (μ) is one of the oldest statistics. It is one of the few remaining things older than our banking system, yet younger than the hills.

Our banking with paper notes (warehouse receipts; debt receipts) as legal tender was known to the Chinese as flying money (search for flying money in the direction the political wind blows).

Paper legal tender (flying money) was brought to Persia around the time of the emperor Cyrus. It may be he was regarded in history books as "Cyrus the Great" & his son, "Darius the Great" after the Persian Empire was run amok with paper notes (cash).

Alexander of Macedonia left on a rampage to conquer the world. He was introduced to the wonders of the Persian paper legal tender system upon conquering Persia. His troops returned home to shown how Macedonia & Greece could become empirical too! They commenced post haste, to set up their own paper legal tender system. Later the Romans & other empires gained their belief in make-believe paper systems of credit (where there was none).

Here is news of Greece & their flying money...
Billions From You to Greece, with Love - Queen Christine, IMF 07/08/2011.

I long for a real money system to be in common usage.

Ron Paul, 2012. Respectfully yours,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Fed Loans Infinity to Real Wall Street Housewives & their boyz

"Dialing for Dollars" - Central Banking becomes, Central Casting. Casting your dollars. The Hell with the mainstream. Chumming the sea. Husbanding Mr "Too Big to Fail." Hooking housewives on your debt.

Real Wall Street Housewife's: Saving wives & their men in the UN-Banking line for your billions. Not to be confused with "UN-Employment" or "UN-kept secrets."
Surprise! The Wall Street wives are throwing caution to the wind. Their party is on us.

The Fed: Loaning you blind, since 1913.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

"Dialing for Dollars" $2.5 Trillion to Citibank!

Morgan Stanley $2 Trillion
Merill Lynch $2 Trillion

The the rest is in the above post.

"Dialing for [Trillions of] Dollars" is right!

We're sorry. The number you are dialing is no longer in service.

[Phone rings.]

Operator: Should you wish to make a call, please hang up and try again. If you feel you have reached this message in despair, dial 911.

Real Housewives message $220 million.

[Dial tone.]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

insane

news you would not hear.

unbelievable.

$16Trillion... the number is bigger than the debt ceiling, $14T!

Wow, that sounds crazy. The dollar got to corrupts not so far future.

Little more information about that news.

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts by unelected

http://www.unelected.org/audit-of-the-federal-reserve-reveal...

$16 Trillion? That sounds a bit high.

I know the media is awful, but if that figure is correct, wouldn't someone else have covered it? $16,000,000,000,000 is a whole lot of money.

Nobody Covers The 644 Trillion DOLLARS They Are Holding

In an unclaimed trust. So why would silence about a mere 16 trillion surprise you?

Helll there's 14 trillion that Treasury owes the American People, nobody covers that.

The Oracle

That's Why Ron Paul Has the Audit the Fed Bill

The Fed has always operated in secrecy until we got this "little" glimpse of their activities.

Economic$ & Math.

students of the Austrian School will appreciate this edition of the Keiser Report -: Ideas for Revolution (E166)
http://www.youtube.com/watch?feature=player_embedded&v=ICOLF...

Is Gold Money ? Ron Paul questioned Ben Bernanke. More.

“We have no plans whatsoever

“We have no plans whatsoever to be involved in any foreign bailouts or anything of that sort.” - Ben Bernanke to Congress, February 24, 2010.

Every time Ben Bernanke opens his mouth....

He is lying, the dude needs a 3ftx3ft cell with only bread, and water, and he should not ever be allowed to speak to anyone again because he LIES.

A correction should be made to the title.

All $16,000,000,000,000 did not go to foreign banks.

reedr3v's picture

It all went to the TooBigs: banks & Corporates

and Special Interests with political pull.

Real Wall Street Housewives: You saved them & their Boyz

Gooogle search reports how the Real Wall Street Housewives were saved w/ your contributions, via the Fed.

A quote from Yahoo!: "We have included bailout federal wife "Morgan Stanley" Mac results - Show only bailout Fed wife...?"
Search results (probable causes & war-rants)

  • Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley ... is the wife of John Mack, the chairman of Morgan Stanley. Susan ...
    http://www.rollingstone.com/...of-wall...in-on-the-bailout-2...
  • Matt Taibbi: The Real Housewives Of Wall Street: How Morgan ... Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs? ... Charlie Rose's wife is a sister to one ...
    http://www.DailyBail.com/home/matt-taibbi-the-real-housewives-of-wall-street-how-morgan-st.html"> The Real Housewives of Wall Street
  • Taibbi on a Fed Bailout the Business Press Buried
    Taibbi on a Fed Bailout the Business Press
    ... Federal Reserve’s bailouts: The Fed lent big bucks to an investment vehicle led by Morgan Stanley CEO John Mack’s wife ...
    http://www.cjr.org/the_audit/taibbi_on_a_fed_bailout_the_bu.php
  • The Real Housewives Of Wall Street: How Morgan Stanley Wives ... Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley ... is the wife of John Mack, the chairman of Morgan Stanley. Susan ...
    http://www.blacklistednews.com/?news_id=14534

Surprise! The Wall Street wives are throwing caution to the wind. The party is on us.
------------------------------
PS: As a correction is oft cited as a negative, we may apply a seldom observed grammatical rule... A triple negative.

There was a mistake in this forum title. A correction reply was posted. You posted another correction (double)... Now I come along with a triple negative reply. We ought to be able to win any argument now!

Regards,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Just

Trying to keep it accurate :-)

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

Your accuracy is beyond repute. Your forum title is improved.

A whole lot of arguments may be dismissed with triple negatives. If I remember accurately, I learnt it as a young cub in grammar school, 1845. I learnt it as a mathematical expression:

    "-" + "-" = "+"

I was taught nothing further on the subject. I extrapolated:

    "-" + "-" + "-" = "Anybody's guess"

The Fed: "creation" + "loan" + "confession" = "Anybody's guess"

PS: For your amusement, entertainment news.
London Slaps Mr O's Motorcade & Embassy ... 45K NOTICES @ $8 M fines! 07/21/2011

BOA constrictor digests another $8.8 Billion. Such a great loss. 07/19/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

reedr3v's picture

Send this article to all of your defenders

of status quo politics & economics. Don't allow friends to easily avoid the truth.

Mind Boggling Numbers,

that is tons of money, none of it reached me :(

Sounds crazy, - why would the stingy miser distribute such large sums ?? They know awareness is increasing, the internet is buzzing with activity, with help from the Liberty movement, and Ron Paul's interviews on national / international media.
Obviously the $ystem was/is in trouble, these gimmicks are only to gain more TIME. Throwing money like that is a good way to buy out / co-opt all the competition / opposition, the usury machine stays "On", so do the wars, and liars are sustained & well-fed. But it canNot continue for long. Now that this news is out,- next time they will need bigger hand-outs, many more govts & banks will clamor for larger sums. Those with lots of cash will want to park it in commodities, metals, buying spree, leading to rising prices they call inflation,- then trouble,- for many.

!!!!!!!!! !!1!! !!!!!!!!111!! 11!! !!!11 1!!! !!!!111

AAAAAAAAAHHHHHHHHHHH!!!!! FUUUUUUUUUUUUUUUUUUUU!!!!

I'm not surprised, but I AM ANGRY!!!!!

This makes me want to stand outside a Federal Reserve building and scream at them with a megaphone. If I actually had a vehicle and actually had/could make money (thanks again for that too Federal Reserve) I would be on my way to one right now.

This better outrage the rest of America. IF this doesn't, I don't know what will.

This is insane

This proves all along that Ron Paul has been right on. When the american people hear about this, and more importantly understand it, they will support the one who all along has warned us of this evil.

"Fed officials had strongly discouraged lawmakers from ordering the audit, claiming it may serve to undermine confidence in the monetary system".

I can see why, LOL