Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress

Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress

www.bloomberg.com

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy....

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Related AboveTopSecret.com Discussion Threads:
Wall Street Aristocracy Got $1.2T in Fed Secret Loans

I have to wonder why some were said to "need" another $5 fee per debit card transaction in order to stay 'competitive?"

I'm sure you'll remember this thread, Wall Street Aristocracy Got $1.2T in Fed Secret Loans brought to us by our member sbctinfantry ( )

It looks like the secrecy urged by Bernanke was for good reason. Yet another clear cut example of the way some people, namely the banking elite, get to completely rape the people by the powers vested in them by our governments.

This particular story may be about the United States; but I suspect with grim certainty, that these abuses are a substantial part of the rise of the supranational banking cartel from whom most political power is made manifest to us - meaning if your nation tolerates a central banking monetary policy monopoly, it's happening to you too.

The super rich will get substantially richer, and for mystical reasons we are told only economic priests can fathom, the remainder of us will see our wealth wither.

www.bloomberg.com
(visit the link for the full news article)

The federal reserve is not a government entity. It is THE consortium of international banks. The bank congromerate gave some banks a loan to itself. Books shuffling for some reason or another.

reply to post by Maxmars


The sad story is that is not even closes to 13 billions the total amount of bailouts that includes those to the EU, it runs in the trillions of dollars since the 2008 crisis and growing, but where is our outrage Max, you know that we here in ATS have been exposing all this information for years, where is the outrage, why we are not screaming for heads to roll over, for those behind the nations democratic process to be jailed for traitors, you know why? because the more we complain the more laws are passed to keep us under those in powers foot.

Then people still question why we got people protesting in Wall Street. at least some knows what is going on in this nation.