The Great American Bailout: Many Questions, No Answers

Federal Reserve Chairman Ben Bernanke fielded questions from Senator Bernie Sanders regarding which banks received Federal loans as part of the great 2008 Bailout.

There do not appear to be any satisfactory answers from Mr. Bernanke on this issue. Interesting…

Bloomberg News’ inquiry into this same matter also yielded no plausible answers from the Federal Reserve. As a result Bloomberg has filed a lawsuit, under the Freedom of Information Act, asking for details of several Federal Reserve lending programs.

Small American Business On Their Own

It also appears that only the big, eager financial institutions are getting the bailout loans. We do know that the former Lehman Brothers and JP Morgan Chase are some of the largest borrowers of the bailout funds.

All this is going on while real American small businesses are left to fend on their own. Hardly fair!

The eventual victim of what now looks like a huge bailout scam will likely be the American taxpayers. Nothing new there.

Click on the play button, on the left, and listen for yourself.

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