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Ron Paul on Bloomberg TV, 12/1/2010, discusses fed foriegn bank bailout disclosure

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!

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