Wednesday, Nov 26th
Last update02:05:35 AM GMT
We knew the last bailout from the Federal Reserve was pretty big, but not until now did we have statistics on the actually tally. If you thought that the $700 billion bailout for TARP was big, get a load of this.
Just exactly how big was the Federal Reserve’s bailout of the banks between the years of 2008 and 2010? Thanks to a Federal Request of Information Act gone fulfilled, America now knows the truth behind a colossal cover-up: almost $8 trillion.
The Western mainstream media falsifies the news resorting to euphemisms, half-truths and lies in the best (worst) style of George Orwell’s novel 1984. We all live in the unreal world of “Newspeak” used by the Global Power Elite to control our minds.
The solution is simple. Every country should tell the bankers to take a hike and crash and burn and new currencies should immediately be proffered, based on whatever it is people want to collectively consider valuable. The hoarded excesses of the manipulative and psychopathic overlords, should be wiped out in the interest of returning balance. Iceland should be the guidon and standard behind which all following nations should march. If you don't do it you are basically saying, “Go ahead and destroy me, I deserve it.”
Despite strict rules set by international regulatory bodies that require banks to "know their customer," make inquiries about the source of large deposits of cash and report suspicious activity, they have failed to do so in a number of high-profile cases and instead have allowed billions in dirty money to be laundered.
Here’s the choice: Strict enforcement of immigration laws or the life of a little girl. So far, the U.S. Department of State has chosen enforcement, but, maybe, that will change.
"We’re sure that, once the government has all the facts, it will recognize the seriousness of the situation," says Marian Habib, a lawyer for the American Friends Service Committee in Newark.
Democratic Governor Andrew Cuomo recently responded to the contentious hydrofracking issue by acknowledging that "the temperature is high. We have a process. Let's get the facts.
Let the science and the facts make the determination, not emotion and not politics." But what about money? With $3.2 million spent by industry lobbyists in Albany last year so far dwarfing the $800K spent by environmental groups, it would appear that the gas companies are controlling the temperature. Who needs Indian Point, anyway?
On billboards, on buses and in the halls of parliament, a battle is raging over the nature of Israel, raising ever more urgent questions over its future as a democracy.
Radicalized religious activists and conservative lawmakers see themselves as bulwarks against assaults on faith and country by rivals within multifaceted Israel and by the outside world.
While nearly all Americans head to family and friends to celebrate Thanksgiving, the Senate is gearing up for a vote on Monday or Tuesday that goes to the very heart of who we are as Americans. The Senate will be voting on a bill that will direct American military resources not at an enemy shooting at our military in a war zone, but at American citizens and other civilians far from any battlefield — even people in the United States itself.
The worldwide indefinite detention without charge or trial provision is in S. 1867, the National Defense Authorization Act bill, which will be on the Senate floor on Monday. The bill was drafted in secret by Sens. Carl Levin (D-Mich.) and John McCain (R-Ariz.) and passed in a closed-door committee meeting, without even a single hearing.
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
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