Posted on December 1, 2010 by libertyForAll
RP on foreign banks (and “US” banks) receiving aid from US taxpayer: “I think it’s criminal…This is not how a free society ought to operate. This is all for special interests.”
Back in February, Bernanke lied when Paul questioned him about foreign bailouts.
Bernanke: “We have no plans, whatsoever, to be involved in any foreign bailouts or anything of that sort.” What about the foreign banks that they bailed out?
Bloomberg Sues Fed to Force Disclosure of Collateral (Update1)
Banks with headquarters outside the U.S. were among the first to begin using the facility in December 2007 and were also among its heaviest borrowers. These included the U.S. affiliates of banks such as Manama, Bahrain-based Arab Banking Corp., Madrid-based Banco Santander SA, and Paris-based Societe Generale SA. Beginning on June 18, 2009, Barclays Bank Plc had two loans totaling $23.45 billion outstanding.
Note that this fed disclosure only occurred due to the Bloomberg lawsuit. We need to use the courts to get our country back!
Filed under: Economy—US Dollar, Ron Paul | Tagged: bailouts, banks, ben bernanke, bloomberg tv, economy, financial system, foreign banks, Ron Paul | Leave a comment »
Posted on June 18, 2009 by libertyForAll
From Raw Story, Dennis Kucinich addresses Congress:
…“We are destroying our nation’s moral and fiscal integrity with this war supplemental,” Kucinich argued on the House floor Tuesday. “Instead of ending wars in Iraq, Afghanistan, and Pakistan now by appropriating only enough money to bring our troops home, Congress abdicates its constitutional authority, defers to the president, and asks for a report. That’s right, all we are asking for is a report on when the president will end the war.”
Kucinich continued, “There is also money for the IMF, presumably to bail out private European banks. Billions for the IMF so they can force low and middle income nations to cut jobs, wages, health care and retirement security, just like corporate America does to our constituents. And there’s money to incentivize the purchase of more cars, not necessarily from U.S. manufacturers because a ‘Buy America’ mandate was not allowed.”
“Another $106 billion dollars and all we get is a lousy war,” Kucinich said. “Pretty soon that is going to be about the only thing made in America – war.”
Filed under: Dennis Kucinich | Tagged: afgha, Afghanistan, anti-war, bailouts, congress, Dennis Kucinich, IMF, iraq, made in america, Pakistan, war | Leave a comment »
Posted on November 19, 2008 by fortruthandfreedom
Filed under: Economy—US Dollar, Ron Paul | Tagged: Austrian economics, bailouts, banks, Ben Bernake, depression, economy, Federal Reserve, Paulson, recession, Ron Paul | Leave a comment »
Posted on November 11, 2008 by fortruthandfreedom
Ron Paul’s appearance on Fox News 11.10.2008.
The most recent $40 billion gift to AIG is more of the same failed economic policy. I’m reminded of a picture I saw of Ron Paul in his office. On his desk he had/has a sign that says: “Don’t Steal, the Government Hates Competition”. It’s both funny and sad, but completely true.
Filed under: Economy—US Dollar, Ron Paul | Tagged: AIG, bailouts, Cavuto, depression, economic policy, economy, Federal Reserve, foreign policy, Fox News, inflation, recession, Ron Paul | Leave a comment »
Posted on November 7, 2008 by fortruthandfreedom
Filed under: Economy—US Dollar, Ron Paul | Tagged: bailouts, banks, Bretton Woods 2, credit, depression, economy, Federal Reserve, Fox News, inflation, Neil Cavuto, recession, Ron Paul, world currency, world government | 1 Comment »
Posted on September 22, 2008 by fortruthandfreedom
Ron Paul gives a good overview of the real financial problems in the U.S. and the mistakes that are the bailouts in this interview on CNN with Wolf Blitzer.
“The bailout of Wall Street is sticking it to Main Street”:
Filed under: Economy—US Dollar, Ron Paul | Tagged: bailouts, banks, Barack Obama, CNN, dollar, economy, Federal Reserve, financial crisis, housing, inflation, John McCain, loans, politics, Ron Paul | Leave a comment »