Is it a real surprise, the Federal Reserve doled out sweatheart deals to foreign multinational banks and corporations at a time when federal, state and local governments were nearly insolvent. Vermont Senator Bernie Sanders who tirelessly campaigned to get the Fed to release and make public the secret bailouts and backroom deals it did last year at the height of the recession. Now its coming to light as to why the Fed and the government wanted the info to remain a secret.
One most shocking revelation from the exposed deals is a $26 billion credit to a bank owned by the Libyan Central Bank, heres the kicker: this bank along with it`s two branches in NYC hasn`t come under U.S. sanctions just recently passed. The Fed gave out so much "emergency" loans and credit at near zero percent interest and here our Treasury Department vis a vis the American people have to borrow money at higher interest rates.
Just doesn`t seem why the suits in Washington don`t care in these matters and share the same view as Sanders. Probably the suits have the globalists` hands in their pockets and this isn`t a far cry fro the truth. Whenever Congress calls upon the Fed Chairman Ben Bernanke and Treasury Secretary Geithner (a Fed patsy), they just get a light grilling for show and their off. Congress has to wake up and smell whats going on, otherwise they are going to drive this nation down the drain inevitably and kill the future.
Read the articles:
Why is the Federal Reserve Propping up the Bank of Libya? - TheNation 3/31/2011
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