Must-See: Jon Stewart on Secret Federal Reserve Bailout of Big Banks

Posted on December 2, 2011
by WashingtonsBlog

Not a Laughing Matter: Fed Throws Trillions at U.S. and Foreign Banks in Secret … Hides from Congress

Video: http://www.thedailyshow.com/watch/thu-d ... tarp-model

The actual number is somewhere between $16 trillion http://www.scribd.com/doc/60553686/GAO- ... r_page_144 and $23 trillion http://www.youtube.com/watch?v=bP362CWj ... r_embedded (and see this). http://www.washingtonsblog.com/2011/10/ ... payer.html Plus there’s trillions more in back-stopping the big banks’ derivatives, another new bailout of foreign banks http://www.washingtonsblog.com/2011/11/ ... ation.html (in addition to all of the old ones), http://www.washingtonsblog.com/2011/10/ ... erica.html and all sorts of other types of secret bailouts. http://www.washingtonsblog.com/2011/01/ ... banks.html

But hey, we should just support the status quo of the Fed doing its thing … shouldn’t we? After all, this is all too complicated for anyone but economists to understand, and economists say it’s necessary, right?

No, they don’t. http://www.washingtonsblog.com/2011/10/ ... e-fed.html

Video: http://www.youtube.com/watch?v=oUpXDZFt ... r_embedded

And see this. http://tinyurl.com/d6t38qr

http://www.washingtonsblog.com/2011/12/ ... banks.html