Federal Reserve Still Giving Away Billions

April 13, 2011 11:00 pm  

Federal Reserve Forking over $220 Million in Bailout Bucks!

(Rolling Stone) – Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs? America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that great untamed socialist menace called a unionized public-sector workforce that Republicans are always complaining about. According to popular legend, we’re broke and in so much debt that 40 years from now our granddaughters will still be hooking on weekends to pay the medical bills of this year’s retirees from the IRS, the SEC and the Department of Energy.

Why Isn’t Wall Street in Jail?

Most Americans know about that budget. What they don’t know is that there is another budget of roughly equal heft, traditionally maintained in complete secrecy. After the financial crash of 2008, it grew to monstrous dimensions, as the government attempted to unfreeze the credit markets by handing out trillions to banks and hedge funds. And thanks to a whole galaxy of obscure, acronym-laden bailout programs, it eventually rivaled the “official” budget in size

RYAN: 'Dramatically inaccurate,' 'hopelessly inadequate'...
America Must Define and Protect Freedom

Top Stories

Oops! Jill Stein Recount Exposes Fraud in Democrat Stronghold (WND) - There’s something fishy going on in Michigan, where a full one-third of precincts in Wayne County – which includes Detroit – were unable...
‘Something Crazy’ to Prevent Trump From Becoming Pres... Michael Moore: It's possible Trump won't become president (WND) - Does leftist activist and filmmaker Michael Moore know something the rest of us d...
Shock Claim: ‘Homeland Security’ Tried to Hack Georgi... (Zero Hedge) - Georgia Secretary of State Brian Kemp is anxiously wondering, as are we, why someone with a Department Of Homeland Security IP address ...
How A “Typo” Resulted In A $7 Billion Corporate Welfa... (Zero Hedge) - Throughout the 90s, Texas was frequently listed as a finalist in Site Selection magazine's annual Governor's Cup competition which serv...
Jackie Mason Slams Mitt Romney For Interest in State Job After Re... (Breitbart) - During a radio interview on Sunday, comic legend Jackie Mason blasted Mitt Romney for his reported interest in serving as Secretary of S...
Vets Worried By Rising Numbers of Drunk Pets As More Owners Leavi... (Telegraph) - It is that time of year when your guests tend to over-indulge and imbibe more than is good for them, leaving their hosts to pick up the ...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.