WHY PEOPLE ARE PISSED AT THE BAILOUTS AND THE UNFAIR REDESTRIBUTION OF WEALTH

With a government like ours, the top 1% will continue to get rewarded for their mistakes.

If you don’t believe this then you ought to take a look at the businesses that got money from our government…our taxes at work and nothing for us. And they are still bitching that they are not making enough profits while trying to muzzle any protests with pepper spray, beatings and jail.

It is not surprising that we have a deficit and that the top 1% wants even more…you give them an inch…

Federal Reserve Bank Secretly Lent 16 Trillion to US & Foreign Banks

“The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out foreign, as well as American banks since 2008. The audit of the Federal Reserve was carried out in the past few months largely due to the bipartisan efforts of libertarian Texas Republican Congressman Ron Paul and socialist Vermont Senator Bernie Sanders.”

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

Among the investigation's key findings is that the Fed unilaterally provided $16,000,000,000,000 dollars in financial assistance to foreign banks and corporations from South Korea to France and Scotland, according to the GAO report. From the period between December 2007 and June 2010, the Federal Reserve secretly bailed out these institutions, referring to them as loans, but virtually none of the money has been returned - it was loaned out at 0% interest.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

What did you and I receive? $000,000,000,000

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Thanks to http://tullyspage.blogspot.com/ for providing us with this important information.