So far, it is pretty obvious that American taxpayers will pay back the first 2 trillion in debt stemming from Phase I of the FED’s 200 cents on the dollar purchase plan to reward the new Wall Street-connected World Banking Oligarchy for it’s shameless “wealth without basis” Las Vegas style derivatives escapade.

Now, even Bloomberg cynically reports upon the lack of transparancy in the Worlds biggest fleecing of an unwilling public:
Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of nearly $2 trillion of emergency loans from American taxpayers, or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

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