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But, if you insist, I've created as many jobs as Obama in August.........ZERO. http://www.newsmax.com/Headline/obam...mo_code=CF77-1 |
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I have faith in action and results. Words are pretty meaningless. |
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But I was only speaking to the issue that Wayne and you raised as to "why shouldn't you take the President at his word" as to the purpose of his "inform on your neighbors" website. I was speaking to no other issue. Was I reading your post incorrectly where it seemed you were agreeing with Wayne's premise? |
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Hey Lion, You are either incredibly humble, or you just plain forgot to mention that it didn't cost you one cent of taxpayers money! :bigbow: |
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fyi/ouch/pass it on
Your money folks and our elected officials doing their thing. Subject: First (ever) Federal Reserve Audit Results of first-ever Federal Reserve Audit The first ever GAO 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. The results of the first audit in the Federal Reserve's nearly 100 year history were posted on Senator Sander's webpage July 21st. Where has it been on the internet since July? _http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dc bb3c3_ (http://sanders.senate.gov/newsroom/n...3-62060dcbb3c3) What was revealed in the audit was startling: $16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world's banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion. The budget that was being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. The list of institutions that received the most money from the Federal Reserve loans 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)* |
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