First Federal Reserve Audit Reveals Trillions in Secret Bailouts

[JoeRedskin]

Originally Posted by NC_Skins

Edit: Let me clarify something. I don't mean robbery as in they stole the money like some bank robber. I realize they are loans, but they were US government agency that doled out 16 trillion in loans and yet the public is unaware. Then we have have the bank failings (even after these secret loans) and yet more bailouts from the American taxpayers.

Let's think about this. People in the government handing out loans to corporations (bank institutions), who used to be in some of the very firms they were giving out loans to, and who probably had a financial stake in those very organizations.

Using government funds to benefit (or profit) from is the same as robbery. You can call it a "conflict of interest" all you want, but that's a rich person's way of saying robbery.

They should do a audit on each individual in the Federal Reserve and their stocks and compare it to the organizations they were giving the funds (loans) to.

By definition, benefitting from "conflicts of interests" involving government money is not robbery. Rather, it is simple corruption. Get your allegations of criminal behaviour right please.

While I am certain I don't share your conspirational conviction that the entire process was corrupt and done for the intentional profit of a few, I do agree that it stinks, that some corruption took place (some of which was intentional - done purely for personal profit - and some not - individuals making loans intended to benefit the economy as a whole that happened to benefit them as well).

Yes. An audit should be done of who got what, what the processes used to decide were, who took part in the decisions and what interests did they have (past & present) in the companies who received monies. If it appears from this that corruption occurred, criminal charges should be brought if possible. If not possible, laws should be changed to make such conflicts of interests illegal.