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Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

[size=3" face="Arial, Helvetica, sans-serif]The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted onSenator Sander’s webpage


Added: Dec-6-2011 Occurred On: Dec-6-2011
By: pravdavoin
Tags: America
Views: 1656 | Comments: 18 | Votes: 1 | Favorites: 0 | Shared: 2 | Updates: 0 | Times used in channels: 2
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