Where’s The Money !

milliondollars Federal Reserve Chairman Ben Bernanke, My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” Bernanke replied, “No,”. When pressed on whether would name the firms that borrowed from the Fed, the central bank chairman and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.

Bernanke said the Fed’s lending programs were not gifts or subsidies but rather over-collateralized loans. “My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” Bernanke replied, “No,” You read this right, when Senate Budget Committee, Vermont Sen. Bernie Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank Bernanke replied, “No,”. And more money was just pumped tobernanke1 AIG’s pockets.

What is going on here? hint: They took the money but they don’t want to be public about the fact that they received it. Sanders wants the Fed to publish those details on its website and update them at least every 30 days. “Let me just say this, Mr. Chairman. I have a hard time understanding how you have put $2.2 trillion at risk without making those names available, those institutions public.” Sanders added. No one is questioning Obama about this action, remember CHANGE ! Well we got a change, take money, give money and don’t tell who got the money. And then you listen to all these uneducated, new to politics, bloggers talk say, “we need to pass the stimulus bill for jobs and get the economy back”. Hell! they will not tell you who got the money.

I read some of these bloggers and just shake my head at the stupidity I read. How many of you OCGAWA (Obama Can Get Away With Anything) freaks, are asking this question, Federal Reserve Chairman Ben Bernanke, “My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” their reply, “None”.

  1. Thanks for stopping by. You’re on my blogroll.

    • emptysuit
    • March 9th, 2009

    Again Pasadena, thank you, I appreciate that.

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