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

IRS Chief: Budget Cuts To Freeze Hiring, Cut Enforcement (Politico) - The IRS will freeze hiring and stop overtime as a result of the budget cuts just passed by Congress, according to an email obtained by P...
GOP Establishment’s Karl Rove: New Congress Will Be Effecti... (Newsmax) - The 114th Congress could demonstrate that bipartisanship is possible by building on Democratic support for legislation ranging from repai...
Allen West Rips Jeb Bush: ‘Last Thing We Need Is A Big Gov’t ... (Daily Surge) - Jeb Bush announced Tuesday that he is edging closer to deciding whether or not he would pursue a 2016 presidential run. Bush said he ...
Utah Demands Feds Surrender Lands by Dec. 31 Formally demanding that Washington, D.C., relinquish control over more than 30 million acres of valuable land... (New American) - With the federal ...
Obama Immigration Official to Illegals: Apply for Amnesty Without... (Breitbart) - As the Obama administration gears up to implement its controversial amnesty plan for illegal immigrants, one administration official is ...
65% of Children Live in Households on Federal Aid Programs (CNS News) - The Census Bureau reported in a study released this week that 65 percent of American children lived in households taking aid from one o...

Comments


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