March 3, 2009 Senate Budget Committee Sanders (I-VT) Bernanke Chairman Federal Reserve In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who usually votes with the Democrats, said he found it "unacceptable" that the central bank risked taxpayer money without detailing where the funds went. "My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?" Sanders asked, referring to the size of the Fed's balance sheet. Bernanke responded that the Fed explains the various lending programs on its website, and details the terms and collateral requirements. When Sanders pressed on whether he would name the firms that borrowed from the Fed, the central bank chairman replied, "No," and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank. "Isn't that too bad," Sanders interrupted, cutting off Bernanke's answer. "They took the money but they don't want to be public about the fact that they received it." He said businesses in his state were in trouble and needed loans, but were not permitted to borrow from the Fed. "Do you have to be a large, greedy, reckless financial institution to apply for this money?" he asked. Bernanke said the Fed's lending programs were not gifts or subsidies but rather over-collateralized loans. He said the law restricted the types of firms to which the central bank can lend. "We have never ...
Tags: American, Bernanke, Dollars, lent, People, Tell, their, Trillion, whom
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Not several men and women consider the identical way while you. That contains me.. sorry .)
This douchebag just sabotaged Ron Paul's effort to audit the Fed. He scratched provisions which expose the Open Market Committee and deals with foreign countries.
Video:
"Senate Sellout Threatens Ron Paul's Audit the Fed Bill"
We're probably bailing-out Socialist Greece (its private investors, actually), but thanks to Sanders we might never know how much.
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Bernie Is a sellout.... he changed the audit the fed bill.... major poser
When will the fucking American sheeps wake up and realize that 2 trillion of their dollars have just vanished into thin air?? The Federal Reseve chairman said that he can't "reveal the identities" of the borrower, what a fucking JOKE. Anybody who believes what this criminal is saying really needs to get their head examined. The Feds are stealing us blindly and in plain sight, and there's not even a public outcry WTF????!!!!
It's just the biggest game in town now. It's the OLIGARCHS against the MORONS and IDIOTS. And so far, the OLIGARCHS are winning $100,000 to one. Once the real fighting begins, a civil revolution, the OLIGARCHS will watch from their high perch, and the MORONS and IDIOTS will be fighting it out. When the fighting is over, the cycle begins again.
Do you believe in allowing your government to steal wealth from your grandchildren? It may, or may not, surprise you to find out that your Constitution contains a license for Congress to do exactly that. It is the 2nd clause, Section 8, Article I, the power of Congress to borrow money on the credit of the United States. This is where all of the peoples problems lie, and this power must be abolished if we are to really be a free people in this country. It must be done by Article V.
look into Empron
wicked world
swastikas in the back ........
bla..bla...bla...bla...
Bernanke, he knows where the moey went
To central banks? Yes. To oter peoples pockets? Yes. To the Rothschilds pockets? Yes.
Check out the swastika's right behind the guy at the very start of this vid........it just about says it all really doesnt it?
2.2 trillion, actually.
I am sickened as an American and as a democrat that this SOB Obama is doing ABSOLUTELY NOTHING HE PROMISED. Pissed. Just beyond pissed.
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Either that or a liar.
OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won't be able to satisfy physical gold and silver delivery
They will use an escape clause called a "Force Majeure" to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209%. (source: Jesse's Cafe Americaine)
Sorry folk but We all got screwed, been had, peed on, scammed and lied to,
your labor devalued to Zero. Time to walk away from CC card debt,
get your money out of your bank, if any, sell your fiat stocks, bonds etc.
Load up on silver bullion, shop local mom and pop. Starve the Beast!
What a bunch of BooolShit! 2009 = The Biggest Bankster Bonus Year in the History of America.
What a bunch of Booolshit, plain and simple.
Pardon my french, it is what it is.......
Happy New Year!
Obama just passed a law granting MORE powers to the "Federal" Reserve. Wow....he's more of a puppet president than Bush.
It's what they were after all the time. They used their "starve the beast" tactic to destroy our budget with the ultimate goal of destroying entitlements. Bush tried to give Social Security to Wall Street. These guys are criminal! It's time we start electing people who will treat them that way!
Look it up over at Huffington Post (or even a simple Google news with the words "Bernanke" & "Social Security").
Read how he has no problem with handing over trillions to Wall Street (and who knows how many foreign entities) with no questions asked, and wants to gut Social Security so that the filthy rich will get to have that too.
Truly sickening!
Do you have a source for that? I'd be interested in seeing that. It would confirm that Bernanke is part of the Wall Street conspiracy to destroy entitlements. It would be nice to get older voters mobilized against Bernanke and the Fed.
Bernanke just spoke in public about wanting to slash Social Security! He even quoted a notorious criminal by saying "That's where the money is." as a rationale.
Billions to Wall Street with no questions asked, and now he wants to starve the poor to pay for even MORE money to Wall Street???
I think I'm going to be sick.
I like it.
@ PaulLayton
Very perceptive of you. I have it on good authority that THAT VERY STANCHION was liberated from Nazi Germany by relatives of Bernie Sanders as they stormed Hitler's mansion fortress, and he keeps it to this day in remembrance of their heroic assault. If you look close enough, you can even see "Hitler+Bush forever" carved into the lower arm of the symbol.
He's more diabolical than even I gave him credit for! For the love of God, hide your children!
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