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

Cuban: FCC Net Regs Will Spill Over, ‘TV As You Know It Is Over... (Breitbart) - Dallas Mavericks owner and investor Mark Cuban predicted that proposed FCC Internet regulations will end up impacting TV and “your TV ...
It’s Official: Government Takes Over Internet (The Blaze) - In what one Republican called a “monumental shift toward government control of the Internet,” the Federal Communications Commission ...
California Dems Push To Repeal ‘Welfare Queen’ Law (Fox News) - California Democrats are trying to reverse a decades-old state law that bars families from getting extra welfare money for having an add...
Iranian American: ‘Sharia Law Is Here in the U.S.’ (CNS News) - Iranian American Lisa Daftari, an investigative journalist and contributor to Fox News, said on Friday that Sharia law is being followe...
Hoyer: During DHS ‘Shut Down,’ 200,000 of 230,000 DHS... (CNS News) - House Minority Whip Steny Hoyer said on the House floor on Tuesday that if Congress did not pass a Department of Homeland Security fundin...
Soros, Ford Shovel $196 Million to ‘Net Neutrality’ G... "The biggest money in this debate is from the liberal foundations that lavish millions on self-styled grassroots groups pushing for more and more regu...

Comments


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