A repository for Marcospinelli's comments and essays published at other websites.

Banks Repaid Fed Bailout With Other Fed Money: Government Report

Friday, March 9, 2012


One of the architects of the audit of the Federal Reserve was Alan Grayson.  He and Keith Olbermann discuss the Bloomberg report on the secret no strings, 0% interest $7.7 trillion had out to the banks that they also reaped another $13 billion in profits. As Grayson points out here, it's far worse than even the Bloomberg report.

So what did Obama have to say about this?

Apparently not a lot (he's too busy raising campaign money from those who benefitted most from this bailout).  Obama's 'most ardent admirers' rushed in to defend him against any appearance that he sides with the banks, ignoring the history of his part in the dilution of the DoddFrank regulations:

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Read the Article at HuffingtonPost

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