Hannity Covers Bloomberg Report On Secret Fed Reserve Loans
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Uploaded by SaveOurSovereignty3 on Nov 28, 2011
Airing Date Nov.28, 2011
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn't mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed's below-market rates, Bloomberg Markets magazine reports in its January issue.
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
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http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-cong...
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Top Comments
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Ron Paul is the only real american left. The rest are "New World Order" sale outs.
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it's his once a year schpill of truth, you gotta catch it quick cause it doens't last long.
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Great video, thanks for posting.
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Hannity buys into the ''get bernanke out and we'll be fine'', what a fucking idiot/tool...
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WHAT A FUCKING SOCK PUPPET HANNITY IS..
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"come and ask me the same stupid question" keep on asking that asshole haha
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SURVEY FOX NEWS
By Eric Boehlert
The release this week of yet another survey indicating the more you watch Fox News the less they know, has once again shone a spotlight on one of the unique features that defines Rupert Murdoch's cable news outlet - it is very, very good at misinforming people. And it's very bad at reporting the news. In other words: Propaganda? Yes. News? Not so much
What's stunning is how many different areas of the news and public policy Fox viewers are misinformed
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Hey Romney (and Peter Schiff)... do all Massachusetts Morons mispronounce Bernanke as "Bernacky?"
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I can picture cain trying to seduce those women, i got something big & bold, and its 9, 9 9,......
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I guess Ron Paul was right....yet again.
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