Much of the tens of trillions in bailout money and “easy” money from quantitative easing went to foreign banks (and see this, this and this).
Indeed, Ron Paul noted recently that one-third of all fed bailout loans – and essentially 100% of loans from the New York Fed – went to foreign banks.
The New York Fed is the most important Fed bank. As Bloomberg pointed out in 2009:
The New York Fed is one of 12 regional Federal Reserve banks and the one charged with monitoring capital markets. It is also managing $1.7 trillion [now up to at least $1.9 trillion] of emergency lending programs [and accepting collateral from the banks in return].
However, the country’s most powerful “agency” – the Federal Reserve – is actually no more federal than Federal Express. The Fed itself admitted (via Bloomberg):
While the Fed’s Washington-based Board of Governors is a federal agency subject to the Freedom of Information Act and other government rules, the New York Fed and other regional banks maintain they are separate institutions, owned by their member banks, and not subject to federal restrictions.
Read more at WashingtonsBlog.com
We Cordially Invite You To Join an Exciting Celebration
Governor Scott Walker
Monday, July 13, 2015
The Milwaukee Marriott West
W231 N1600 Corporate Court
7:00pm – Silver, Gold & Platinum
Host Reception & Photo Opportunity
8:00pm – General Reception
Co-Chairs (Raise $27,000)
Platinum Hosts ($5,400)
Gold Hosts ($2,700) ~ Silver Hosts ($1,000)
Bronze Hosts ($500)
*All levels are on a per couple basis
General Attendees $250 per couple
For questions or to RSVP, please contact Laura Gralton at Laura@Graltonconsulting.com or 414-881-1005
or Madison Wiberg at Madison@Graltonconsulting.com or 262-613-0577
The good doctor Hunter S. Thompson once observed that “it never got weird enough” for him.
The late author of “Fear and Loathing in Las Vegas” and his own twisted existence may have changed his tune had he covered Wisconsin’s political John Doe investigation.
The Wall Street Journal is reporting that Kevin Kennedy, the director of Wisconsin’s speech regulator integrally tied to the probe into dozens of conservative organizations, is a longtime “professional friend” of former IRS tax-exempt director Lois Lerner.
Lerner led the Obama administration’s IRS division accused of targeting conservative groups seeking 501(c)(4) nonprofit status. The Senate Finance Committee is looking into more than 6,000 emails from Lerner once thought to be lost.
Read more by M.D. Kittle at Wisconsin Watchdog.org
because we value our Independence FROM Government NOT Dependence on the government.” -Governor Scott Walker