Feds' Secret Disbursements to Bankers: $19.9 Trillion & Counting

CORPORATE WELFARE. FED Handouts to MOTU at $19.9 Trillion & Counting.

By: Robert Alexander Dumas Wednesday August 24, 2011



Keep these two numbers in mind ......total GDP (gross domestic product) for the U.S.A. is approximately $14 trillion annually. Global GDP hovers around $65 trillion.

The most recent disclosures of secret disbursements by the Federal Reserve since August of 2007 bring the known totals to nearly $20 trillion dollars. That amount, all coming from the U.S. Federal Reserve is beyond disturbing all by itself. But you must also bear in mind that the U.S. Fed is not the only central bank that has been engaged in administering WELFARE to these “FREE MARKET” ne’re do wells. Add in the central banks and governments of the Eurozone and we are approaching totals of between $40 and $50 trillion dollars. Let’s call it $45 trillion. There is no way to know, because it’s secret. SSSHHHHH. Now take a deep breath and compare that number to either of the GDP numbers I asked you to retain above.

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David DeGraw:

"Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now.

Once again, people tend to get confused and dismiss all of this as mere loans without understanding the huge advantage these select banks and corporations get from having this secret lifeline that others outside of the financial aristocracy don’t get."

snip

http://my.firedoglake.com/tucsonrobert1/2011/08/24/corporate-welfare-fed-handouts-to-motu-at-19-9-trillion-counting/

Don't ask questions.

Go shopping

Spend more.

Invade more countries.

Burn more oil.



Ingnorance is Strength!

So many criminals in that documentary. And not a single one in jail.

Quite a few people come out looking a lot better than they should have.

And with Matt Taibbi telling us that the emails of various people involved in various manipulations have all been deleted erased and paper records shredded, I guess we will never ever know exactly what crooked deal Stinker Tim Geithner cut for his buddies on Wall Street.

One film that doesn't gloss anything over: "The Shock Doctrine."

Truly terrifying, escpecially because it portrays what will be this nation's future.

some publication of his...totally smarmy....as they all were....but agree: they were generally worse than they were depicted

What cannot continue, will not continue, but, how long, O Lord?

...how come we know about them?

http://sanders.senate.gov/newsroom/news/?id=c4a45b70-1837-4f76-8606-1f7faf1932d2

Otherwise, they'd be secret.

the info out to us peons. I habitually get nervous when they spoon feed me something. :shrug:

The guy was the government's chief investigator of the S&L criminality. From 2009, he explains the affects of deregulation on our current dilemma like no one else:

The Best Way to Rob a Bank Is to Own One.

Agree regarding FixedNoiseNutworks, Honey Bee. We have a big reason to be suspicious when Corporate McPravda informs rather than shapes.

Well worth watching. Now we know where those 500 FBI agents went who were watching the banks! Terror!

Check your PM and I'll send you a link to what they have been up to.

As reported - "Add in the central banks and governments of the Eurozone and we are approaching totals of between $40 and $50 trillion dollars. Let’s call it $45 trillion."

Wow! Lets just round off the idiot lie at $1200,000 Trillion!

business day. If it did not happen, the entire world economy would collapse.

It has come to this - a single voice of reason is an anomaly on a Dem website.

Isn't this what the article is trying to convey, no interest. That is not the way things usually operate, correct?

http://latimesblogs.latimes.com/money_co/2011/01/federal-reserve-2010-record-profit-financial-crisis-intervention.html

The more we loan - the more we make!

with TARP? Seems that if the Fed made 125 billion they would trumpet it all over the news for political granduer?

Please explain. It has already been shown the $16 trillion has to do with short term loans.

TIA.

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they involved several different repayment periods

Just finished watching "Inside Job" again (about the 2008 financial crisis) and it makes my blood boil. Bernie Sanders is a hero of mine. If you missed his 8 hour+ speech about economics from the Senate floor - watch it on C-Span - or - Amazon has his book "The Speech" for sale in print and Kindle editions. Profits go to charity.

Or, $20 million million sawbucks. You need it... you need it. No big deal, right?

Schwartzennegger asks Head of US Treasury Tim Geithner for a loan, a friggin' 20 Billion loan (And after all the money the thirty seven million people in this state have spent Bailing Out Geithner's good buddies on Wall Street.)

And Geithner glibly and sadistically turns him away, saying that such a loan would add to the nation's deficit.

Now every other shop on the main streets of the two major towns in my county are boarded and for sale. I stand in line at the grocery and three out of four people in front of me are using food stamps.

I hope there is a special palce in hell for that miserable turd of humanity. A man who when in his role as head of Treasury addresses the Congress thus: " 'Your government' does not have the mechanisms..." Your government. The guy didn't even grow up here in the USA, and doesn't think of himself as an American but as a member of the Uber Elite.

And how a guy in the WH can appoint scum-sucking pond scum like him and then claim to be a Democrat, all I know is somewhere in the bowels of New York, FDR is spinning wildly in his grave.

For all I know that spinning is triggering earthquakes and hurricanes and maybe coming to get "Little Timmy." At least I hope something will get that man.

number for Fed loans - $1.2 trillion.

Jeez - some people believe this shit.

"Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now."

http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-trillion-in-emergency-loans/

A thousand billion. Twenty of them. Wall Street Banksters got $20 Trillion, courtesy of the US taxpayers.

Working stiffs going bankrupt and losing their homes got zip.

What a country.