First ever GAO audit of the Fed

[midnight rambler]

http://nesaranews.blogspot.com/2011/09/first-ever-gao-audit-of-federal-reserve.html

[Libertytree]

Sorry MR, this is old news really. Most people really don't understand the gravity of it, let alone the snooze outlets. Look at all the foreign banks that got $$$ from the American tax payers via the Fed, this should have caused an outrage...but nothing.

[iOWNme]

Audit = DISTRACTION

Why are we auditing an Unconstitutional, Unlawful, Immoral and Unjust entity?

Let me guess, an audit will lead to an abolishment. But guess what comes after that? You dont think they are ready for this?

Look, the FED STEALS YOUR MONEY. If you cant figure this out, or you know but it doesnt bother you, then what is auditing it going to do?

[osoab]

Link to the actual audit. (http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3)


Lib was right the actually audit came out July 21 according to the site linked above.

The mr posted was from yesterday. That dude is a little late on the ball.

The list again for the banks that got 16 trillion.

Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)I did like the last paragraph from mr's link.


HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENT'S ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM
Cloward–Piven strategy (http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy)



The Cloward–Piven strategy is a political strategy outlined in 1966 by American (http://en.wikipedia.org/wiki/United_States) sociologists and political activists Richard Cloward (http://en.wikipedia.org/wiki/Richard_Cloward) (1926–2001) and Frances Fox Piven (http://en.wikipedia.org/wiki/Frances_Fox_Piven) (b. 1932) that called for overloading the U.S. public welfare system (http://en.wikipedia.org/wiki/United_States_welfare_state) in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty". Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work (http://en.wikipedia.org/wiki/Columbia_University_School_of_Social_Work). The strategy was formulated in a May 1966 article in left-wing[1] (http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy#cite_note-0) magazine The Nation (http://en.wikipedia.org/wiki/The_Nation) entitled "The Weight of the Poor: A Strategy to End Poverty".[2] (http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy#cite_note-the_weight-1)

[midnight rambler]

Cloward–Piven strategy (http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy)

And it appears to have worked like gangbusters.

[iOWNme]

Cloward and Piven?

The Romans figured this trick out 2000 years ago. Gimmie a break.