The recent, first ever audit of the Federal Reserve gave us a small glimpse into the the monstrous deceit cloaking our predatory capitalist economy. Some of the same people calling for austerity for the masses, have been funneling unthinkable amounts of money into their own pockets. Some of the “bail out” money supposed to stimulate the US economy actually went to foreign banks and businesses. There is not reason to trust any politician of either party who will not call for full transparency, and then actually deliver it when they get in office.
“The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.””
(Thanks to Yvette Shelton for finding the quote above.)