We found out this week that the Federal Reserve Bank’s secret lending to the blue chip banks of Wall Street in 2008 added up to $1.2 trillion. Not million. Not billion. That’s trillion.
Just in case you’re numb from hearing numbers such as this all the time lately, let’s put that into perspective. In 2008, the federal government brought in $2.5 trillion in all forms of revenue. So the government did the equivalent of handing out nearly half of every penny it collected from us and handed it to Wall Street banks.
The story told by the advocates of this financial insanity is that their actions “saved the economy” when the crisis hit, but what’s their evidence? The things they keep predicting don’t happen. The things they prescribe as solutions don’t solve the problems. So why do governments keep listening to these voodoo masters?
What will you do when ‘electing the right people’ doesn’t change things?
Petty politics as usual just might be Chris Christie’s bridge to obscurity
Time to face facts: Most people don’t really want individual liberty
A year after first seeing doctor about cancer, how much have I learned?
Suicide’s what happens when you can’t find reasons to keep living
What makes someone want you enough to make you a priority?
Here’s proof (if you need more) that people want something for nothing
Self-disclosure of flaws is how I stop myself from deceiving you