A report by Bloomberg reveals that the Federal Reserve under Ben Bernanke and Tim Geithner (at the New York Fed) secretly loaned over seven trillions dollars to arguably insolvent banks and financial institutions to keep them afloat, while concealing the scope of the lending from Congress and even member of the Treasury Department charged with allocating TARP bailouts.
Explosive Bloomberg Report Details Fed’s Monster Bank Bailouts: $7.77 Trillion |
| By: Scarecrow Monday November 28, 2011 7:00 am |


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