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The Water Cooler
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TRUE Cost Of The Wall Street Bailout - 12.8 Trillion Dollars
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<blockquote data-quote="Hobbes" data-source="post: 1569418" data-attributes="member: 3371"><p>There seems to be some misunderstanding about the nature of what the 12.8 Trillion is.</p><p></p><p>Most of that 12.8 Trillion is not spending by the federal government. It is obligations created out of thin air by the federal reserve.</p><p>It wasn't voted on by our legislators and you won't find it written into any bill or budget in congress.</p><p>And we don't even know who that money went to or how much.</p><p>That's why I'm looking forward to this reaching the SCOTUS and the federal reserve being forced to disclose who benefited from this chicanery.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 1569418, member: 3371"] There seems to be some misunderstanding about the nature of what the 12.8 Trillion is. Most of that 12.8 Trillion is not spending by the federal government. It is obligations created out of thin air by the federal reserve. It wasn't voted on by our legislators and you won't find it written into any bill or budget in congress. And we don't even know who that money went to or how much. That's why I'm looking forward to this reaching the SCOTUS and the federal reserve being forced to disclose who benefited from this chicanery. [/QUOTE]
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TRUE Cost Of The Wall Street Bailout - 12.8 Trillion Dollars
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