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

State Representatives Attack Declaration of Independence on Louis... (Breitbart) - Democrat Louisiana state representatives launched an attack against the phrase “all men are created equal” in the Declaration of Ind...
Ed Rendell: Dems Short About $10 Million for Philadelphia Convent... (Newsmax) - The Democratic Party is about $10 million short for hosting the Democratic National Convention in Philadelphia in July — and host commit...
State Chief Justice Sues Over Constitutional Violations Alabama's Roy Moore seeks damages for complaint process that deprived him of due process (AL.com) - The legal group representing Roy Moore followin...
Congress Must Censure President Obama Over Hiroshima Speech (Breitbart) - President Barack Obama told the world on Friday in Hiroshima that the American decision to drop nuclear bombs on Japan in 1945 arose fro...
Slate: Trump Is ‘Aryan Warrior Come to Save “Whiteness” Its... (Slate) - In recent years, white supremacists have tended to avoid taking part in national politics in the belief that both parties have been conquere...
Special Operations Troops Assaulted Downtown Tampa (Washington Post) - On Wednesday, Special Operations troops from more than a dozen countries jumped out of helicopters, rappelled from buildings and ...

Comments


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