Home > American Racket. Debt Deregulation, Bubbles, Bailouts and GoldplatedLies, Uncategorized > Bernie Sanders: The Fed Audit $16 Trillion In Corporate Welfare

Bernie Sanders: The Fed Audit $16 Trillion In Corporate Welfare

 Once again while other politcians talk about things we should be doing Senator Bernie Sanders gets it done. Want an audit of the Fed put in an amendment in a bill that has to pass.

From the Office of Senator Sanders –

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

To read the entire postand see the GAO report click here.

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