Federal Reserve Bails Out Foreign Banks, McDonalds, American Express, and Others With $3.3 Trillion

[t0rnado]

Hell, even I knew that the Fed had bailed out AIG and other US Banks with TARP, but the fact that they bailed out McDonalds, Verizon, GE, Toyota, and others is shocking. They even bailed out foreign banks like UBS and Deutsche bank to the tune of billion of dollars of our hard money.

The Federal Reserve was forced by Congress to disclose over 21000 transactions made between December 2007 and July 2010, which were previously unknown to Congress and the public. These secret transactions resulted in over 3.3 trillion dollars being loaned at nearly zero percent interest to foreign banks, foreign corporations, and corporations within the United States. The 3.3 trillion dollar loans were not made at the behest of Congress, because any bill passed, or any legislative process at all for that matter. The United States public was not aware of the $165 billion dollars given to the United Bank of Switzerland(UBS) nor did the general public know about the $97 billion dollars doled out to the Deutsche Bank in Germany.

...

Agency Mortgage-Backed Securities Program

* Recipients of money: UBS, Deutsche Bank, Goldman Sachs, BNP Paribas, Barclays Capital, Nomura Securities, and more.
* View: http://sheet.zoho.com/view.do?url=http://www.federalreserve.gov/newsevents/files/mbs.xls
* Download: http://www.unelected.org/fed_docs/mbs.xls

Commercial Paper Funding

* Recipients of money: General Electric(GE), Harley-Davidson, McDonalds, American Express, Republic of Korea (South Korea), Metlife, Verizon, Prudential Financial, PNC Bank, Toyota, and more.
* View: http://sheet.zoho.com/view.do?url=http://www.federalreserve.gov/newsevents/files/cpff.cp.xls
* Download: http://www.unelected.org/fed_docs/cpff.cp.xls

www.unelected.org/2010/12/30/the-federal-reserves-3-3-trillion-dollar-bailout-of-foreign-banks-and-corporations/

[DCKit]

1. It was far more than a billion - or even a hundred billion - to the foreign banks...

If you count the money that flowed through AIG to guarantee their bets on derivatives.

[aquart]

2. How nice. Does it include bonuses?

[lonestarnot]

4. But of course.

[rhett o rick]

3. So Congress forced them to reveal this. Now what? nm

[The Northerner]

5. How despicable.

It's time to REALLY audit the heck out of that darned corrupt thing!

[Joanne98]

6. Why aren't the teabaggers complaining about this? chirp chirp