The Fed Audit bill by Dr Ron Paul was scratched & pawed down to legally forcing the Fed to divulge their recent list of loans by the Fed to troubled (troubling) banks & related institutions (like wives & related kin) foreign & domestic.
Their list totaled $16 Trillion.
Our annual US economy is only $15 Trillion.
Our US National Debt supposedly owed to the Fed is $15 Trillion. Did the Fed really have $16 Trillion lying around idle? Rather than spirit away $16 Trillion pretend loans (out-of-then-air) under a stealth cloak of invisibility, they could have been forthright, & admit they are no better than 2 bit thieves. They could have their pet, Iris lock them away for a millennium for tax evasion.
[Victrola is at a complete loss.]
Euro Crisis Makes Fed Lender of Only Resort! No reserve. No resort. Mark Twain 09/29/2011
Big Bank Theory: $250 Trillion Teater Totter. JPM BoA GS MS HSBC* Bang! Mark Twain 09/25/2011
Twist and Shout Should Be the Fed’s Next Maneuver Mark Twain 09/21/2011
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
Want DP delivered to your inbox daily? Subscribe here: