Tuesday, July 30, 2013

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

From: v.k.durham
Subj: portland.indymedia.org. August 4, 1993 United States General Accounting Office vs JULY 30t, 2013 Secret Bailouts

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

author: Govt. Accounting Office, V.K. Durham CEO Durham TRUST

[IF this does not tick you off; NOTHING WILL! I can't believe Americans would sit on their dead ends and be intentionally distracted by everyone pushing A RACE WAR to cover up this BLATANT, NOTORIOUS "DECEPTIVE MONEY LAUNDERING AND TERRORISM BY THE FED. R.! and COHORTS! [VKD]

by V.K. Durham, CEO Durham (Intl. Ltd;) Holding Trust. Tias 12087

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

JULY 30t, 2013 reveals what happens when the Fed denies access to
it's Financial Books since the August 4, 1993 Audit was "denied."

The audit was startling: $16,000,000,000,000.00 had been secretly
given out to US banks and corporations and foreign banks everywhere
from France to Scotland. From the period between December 2007 and
June 2010, the Federal Reserve had secretly bailed out many of the
world's banks, corporations, and governments. The Federal Reserve
likes to refer to these secret bailouts as an all-inclusive loan program,
but virtually none of the money has been returned and it was loaned out
at 0% interest. Why the Federal Reserve had never been public about
this or even informed the United States Congress about the $16 trillion
dollar bailout is obvious - the American public would have been outraged
to find out that the Federal Reserve bailed out foreign banks while
Americans were struggling to find jobs. To place $16 trillion into
perspective, remember that GDP of the United States is only $14.12
trillion. The entire national debt of the United States government
spanning its 200+ year history is "only" $14.5 trillion. The budget that is
being debated so heavily in Congress and the Senate is "only" $3.5
trillion. Take all of the outrage and debate over the $1.5 trillion deficit
into consideration, and swallow this Red pill: There was no debate
about whether $16,000,000,000,000 would be given to failing banks and
failing corporations around the world. In late 2008, the TARP Bailout bill
was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman
Sachs alone received 814 billion dollars. As is turns out, the Federal
Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley
received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank,
a German bank, split about a trillion and numerous other banks received
hefty chunks of the $16 trillion.

"This is a clear case of socialism for the rich and rugged, you're-on-your
-own individualism for everyone else." - Bernie Sanders (I-VT)

The list of institutions that received the most money from the Federal
Reserve can be found on page 131 of the GAO Audit and are as follows

Citigroup: $2.5 trillion ($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

Bank of America: $1.344 trillion ($1,344,000,000,000)

Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)

Bear Sterns: $853 billion ($853,000,000,000)

Goldman Sachs: $814 billion ($814,000,000,000)

Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

JP Morgan Chase: $391 billion ($391,000,000,000)

Deutsche Bank (Germany): $354 billion ($354,000,000,000)

UBS (Switzerland): $287 billion ($287,000,000,000)

Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

Lehman Brothers: $183 billion ($183,000,000,000)

Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

BNP Paribas (France): $175 billion ($175,000,000,000)

and many many more including banks in Belgium of all places.

View the 266-page GAO audit of the Federal Reserve(July 21st, 2011):  http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

Source:  http://www.gao.gov/products/GAO-11-696

FULL PDF on GAO server:  http://www.gao.gov/new.items/d11696.pdf
Senator Sander's Article:  http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3


United States General Accounting Office
August 4, 1993

Before the Committee on Governmental Affairs
United States Senate


First Financial Audits of IRS
Revealed Serious Problems

Statement of Charles A. Bowsher
Comptroller General of the United States

(Posted 9.2.04)


1 comment:

Dan said...

So each and every one of these Corporations needs to be seized by We The People and the money handed back to the taxpayers!
ALL Former Executives and major stock holders need to have their property seized as they received a portion of these funds!