$16 trillion secretly gifted to banks.
To further guarantee long-term if not permanent high unemployment, $16 trillion was gifted to all of the wealthiest banks in the world.
Since July of 2007, over 14 million unemployed Americans have been held in economic hostage by 537 millionaires who can?t balance a checkbook, can?t control federal financial fraud and abuse and blatantly refuses to end tax evasion and money laundering schemes in the tax code. Congress helps keep Americans unemployed with unfair free trade agreements. To further guarantee long-term if not permanent high unemployment, $16 trillion was gifted to all of the wealthiest banks in the world.
Starting December 2010, along with the publicized bailout funds provided to the deregulated financial sector, the Federal Reserve gifted $16 Trillion in secret bailouts; this is the equivalency of about $55,000 per person with personal income of less than $250,000 per year. 290 million Americans could have done more with that $55,000 than any financial institution could have.
We, the majority, have been coerced into debt by ex-patriot U.S. based AND foreign financial institutions. How much of this money was used to lobby Congress, pay multi-million dollar bonuses to CEOs, other senior executives, dishonest sales reps while Americans are struggling to get mortgage payments to these financial institutions.
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)
Why isn?t Congress demanding this money back with interest?
We demand that these illegal gifts be returned in full, with interest, to the people of the United States immediately.
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
http://www.gao.gov/products/GAO-11-696
http://www.gao.gov/new.items/d11696.pdf
Starting December 2010, along with the publicized bailout funds provided to the deregulated financial sector, the Federal Reserve gifted $16 Trillion in secret bailouts; this is the equivalency of about $55,000 per person with personal income of less than $250,000 per year. 290 million Americans could have done more with that $55,000 than any financial institution could have.
We, the majority, have been coerced into debt by ex-patriot U.S. based AND foreign financial institutions. How much of this money was used to lobby Congress, pay multi-million dollar bonuses to CEOs, other senior executives, dishonest sales reps while Americans are struggling to get mortgage payments to these financial institutions.
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)
Why isn?t Congress demanding this money back with interest?
We demand that these illegal gifts be returned in full, with interest, to the people of the United States immediately.
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
http://www.gao.gov/products/GAO-11-696
http://www.gao.gov/new.items/d11696.pdf
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