Federal Reserve Gifts $13 Billion To Bailed Out Banks

Federal Reserve lends out $7.7 billion at 0.01% interest, buy treasuries and profit approximately $13 billion off of 3% interest. That’s ten times the size of TARP.

Can we impeach Ben Bernanke? This is egregious. Crony capitalism at its worst.

Leave a Reply

Your email address will not be published. Required fields are marked *