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World Association of International Studies

Post Federal Reserve Loans to Foreign Banks
Created by John Eipper on 06/11/16 10:12 AM

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Federal Reserve Loans to Foreign Banks (Massoud Malek, USA, 06/11/16 10:12 am)

Is Donald Trump less presidential than George W. Bush, who caused the 2008 financial crisis that cost the US economy more than $22 trillion?

According to CNN, when counting both "removals" and "returns," 12.3 million undocumented immigrants were forced to leave the country under Bill Clinton. Would Trump's administration deport more immigrants than Bill Clinton?

In 2008, the GDP of the United States was $14.72 trillion and the entire national debt of the United States government spanning its 200+ year history was $14.12 trillion.

On July 21, 2011, the results of the first audit in the Federal Reserve's nearly 100-year history were posted on Senator Bernie Sander's webpage. The audit uncovered that US provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression.

The Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. Goldman Sachs received "only" $814 billion. "A clear case of socialism for the rich and you're-on-your-own individualism for everyone else," as Sanders wrote four years before jumping into the 2016 presidential campaign.

In 2011, Sanders wrote: "No agency of the United States government should be allowed to bail out a foreign bank or corporation without the direct approval of Congress and the president."

Unilaterally, the Federal Reserve provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland. The Royal Bank of Scotland and the Deutsche Bank split about a trillion and numerous other banks received hefty chunks of the $16 trillion. Virtually none of the money has been returned, and it was loaned out at 0% interest.

Would Hillary Clinton, a staunch defender of Israel, be more merciful to Palestinians than Benjamin Netanyahu, who is planing to surround all of Israel with a wall to protect it from Palestinians and the citizens of surrounding Arab states, whom he described as "wild beasts?"

In 2004, the majority of Americans decided to re-elect a man who lied and caused the death of thousands of Iraqis. In 2016, the overwhelming majority of Americans prefer to choose between two liars as our Commander-in-Chief; a racist man and a fraudulent woman. One would build a wall to stop rapists, the other would cheer the construction of a wall to keep wild beasts out.






JE comments:  So Massoud, between Hillary and (The) Donald, who is the lesser of the two evils?

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  • "Looking Presidential"...and Potential VP Picks? (Robert Whealey, USA 06/11/16 1:25 PM)
    Which candidate "looks presidential" (Massoud Malek, 10 June) is crude propaganda. Forget Trump. G W Bush, as these statistics show, ran up a huge deficits and national debt. He wasted the taxpayers' money in unwinnable wars in Afghanistan, Iraq, Pakistan and Syria. Bush 43 was the worst president of the US. Obama's problem is that he did not have the power to expose Bush 43's record.

    Candidate Trump may not get the nomination in Cleveland. He does not seem to be able to write a memo to the State Department, DOD, TD, or the Fed. Hillary, Sanders, Sen. E. Warren, and Biden seem to be uniting in Philadelphia.

    JE comments: Is there any plausible scenario that will deny the Republican nomination to Trump?  Beyond deus ex machina, I can think of none.

    Also, after Hillary's primary victory in California, it's time to play the quadrennial WAIS game, "Guess the VP." This time there are two parties in the running.

    Who in WAISworld will send the first entry? My first thought for Trump would be that handsome Marco Rubio, but he has said he will not accept.  Hillary's "obvious" choice would be Bernie Sanders, who has not categorically ruled out accepting, if offered.

    Sarah Palin is rested up...Donald?

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