This is a video that every American must watch. In his amazing and courageous speech on the floor of the US Senate, Vermont senator Bernie Sanders plainly describes the war that is being waged against the middle class by the super-wealthy elite. And while you’re at it, read his revelation about who got the bailout money: A Real Jaw Dropper at the Federal Reserve. It’s nothing short of wholesale looting of the American people by the banking establishment. Here are some excerpts: After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed’s multi-trillion-dollar bailout of Wall Street and corporate America. We have learned that the $700 billion Wall Street bailout signed into law by President George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs, which received nearly $600 billion; Morgan Stanley, which received nearly $2 trillion; Citigroup, which received $1.8 trillion; Bear Stearns, which received nearly $1 trillion, and Merrill Lynch, which received some $1.5 trillion in short term loans from the Fed. Deutsche Bank, a German lender, sold the Fed more than $290 billion worth of mortgage securities. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds. – t.h.g. Watch the video here. Read the original article on Beyond Money.
|Thomas Greco is the author of The End of Money and the Future of Civilization.|