"Revealed: How Federal Reserve paid out $1.2 TRILLION in loans..."

[WhiskeyGirl]

"Revealed: How Federal Reserve paid out $1.2 TRILLION in loans to Wall Street aristocracy and foreign banks"

How many American jobs did they create?

Almost half of the Fed’s top 30 borrowers were from Europe including Edinburgh-based Royal Bank of Scotland, which took $84.5 billion.

American taxpayers also bailed out London-based Barclays to the tun of $64.9billion and Societe General, France’s second biggest, with a loan of $17.4 billion.

How many also got AIG pass through money?  How many got paid off for GM & Chrysler?

Looting?  Who in America sold bad mortgages?  Derivatives?  Little people on Main Street?

Hmmm...Obama's been broadcasting default on the debt over $80 billions, and how many BILLIONS did foreign banks get? Why couldn't Obama pay Social Security or veterns?  What's wrong with this picture?

Ben wants another 'QE...'?

n the beginning banks had to give good collateral in exchange for the money such as bonds with the highest credit rating.

By later 2008, however, it changed the rules to take ‘junk’ bonds and even stocks, which are the first thing to lose their value when the market drops.

‘What you’re looking at is a willingness to lend against just about anything,’ Robert Eisenbeis, chief monetary economist in Atlanta for Cumberland Advisors Inc told Bloomberg.

The Fed took junk?  Generations of Americans get stuck with junk?  I what world is that EVER fair?  Obama reappoints this guy? 

He added that the Fed’s actions amounted to a free insurance policy for the world of finance - at the expense of the taxpayer.

http://www.dailymail.co.uk/news/article-2028882/Revealed-How-Fed-paid-1-2-TRILLION-loans-banks.html

What do Americans get?  Worthless money?  Debased currency?