Breakdown of the $26 Trillion the Federal Reserve Handed Out to Save Incompetent, but Rich Investors

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John Hively's Blog: News and Analysis of the War Against the Middle Class


Below is letter from US Congressman Alan Grayson. It’s a breakdown of the money the Federal Reserve gave out to save rich investors from their own incompetence. Everybody assumes the Federal Reserve was out to save the banks. That’s not true. The Fed was out to save wealthy investors. If they hadn’t, a lot of rich people would be applying for jobs at Seven-Eleven. A ton of political campaign money would have dried up. A lot of money that corrupts the political system would be gone. A ton of corruption would have died. Goldman Sachs would’ve disappeared into bankruptcy. So while saving rich investors from their own stupidity, the Fed was also ensuring the continued corruption of the corporate wing of the supreme court, congress and the presidency.

There is one other matter I disagree with Congressman Grayson about in regard to the Fed’s actions. The Fed says most of…

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