Chris Whalen: "The Fed let the real economy go to hell"

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Uploaded by on Dec 5, 2010

Financial analyst Chris Whalen, who monitors risk in the U.S. financial system, was on MSNBC's Dylan Ratigan show yesterday, commenting on the Federal Reserve's release of where they spent the trillions of dollars to save the financial system. Much of the money went to financial institutions who give no thanks to the U.S. taxpayer now.

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This video is a response to Question to Peter Schiff who got bailed out
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  • what kills me is that the drug cartels get the worst wrap in the nation as of now these banking cartels are killing us worse than the cartels ever could 40,000 killied try 300,000,000 killed in a little over three years but i hear no one declaring that and thats the truth pal when was the last time you saw anyone happy they've starved us out not by accident belive me.

  • Fed is really a banking cartel. Just like an oil cartel. It's the bankers protecting themselves nobody else. They don't care about the real economy they only care about the cartel. Simple as that.

  • I heard Whalen on KingWorldNews. He is no fan of the Fed!

  • the fed always supports speculators, who does their easy money go to first?

    the fed was created before the great depression and caused it.

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