8/08/2011

Developing: Ben Bernanke Secrets

bernanke 16 trillion

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Pittsburgh, Pennsylvania – August 8 –

The cat is out of the bag. Ben Bernanke allegedly handed out $16 trillion on his own volition, without oversight, and in secret. He has chosen to risk the credit and faith of the United States government. Ben Bernanke used his position at The Federal Reserve to operate without constitutional or legal restrictions.The General Accountability Office was assigned the task of investigating Ben Bernanke’s activities. Bernie Sanders was part of the move to force the GAO to examine Ben Bernanke’s and The Federal Reserves’ handling of money from 2007-2009. Ron Paul was also involved. The House was involved.

Sanders’ website report is dated July 21, 2011. That was only a couple weeks ago, but the investigation has been going on for a year. There are links available in the Sanders link. I’m going to ask mstanley2265 to take a look.

This should be investigated by the Department of Justice. I have little or no confidence in the current DOJ. Perhaps Judicial Watch will take some action.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

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)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve(July 21st, 2011): http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

I say that The Federal Reserve and Ben Bernanke particularly, have put our country in harm’s way.