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June 13, 2012

Report: Firms of 18 Fed Directors Received $4 Trillion in Bailout Money 
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A new report shows 18 former and current directors of the Federal
Reserve worked for financial companies that collectively received more
than $4 trillion dollars in the Fed-overseen Wall Street bailout. In a
statement, independent Senator Bernie Sanders, whose office released the
report, said*: "At a time when small businesses could not get affordable
loans to create jobs, the Fed was providing trillions in secret loans to
some of the largest banks and corporations in America that were well
represented on the boards of the Federal Reserve Banks. These conflicts
must end."

 

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