Hi, Folks –
Thanks to Reader R. for forwarding this. 🙂 Here’s Benjamin Fulford in a video message to certain world leaders and the controlling cabal, recorded August 30, 2011, pursuant to the reported meeting of 57 countries.
NOTE that he makes reference to the Global Collateral Accounts, regarding which a certain amount of confusion continues to exist. For that reason, and also because as Raye has said, “It’s impossible to tell the white hats from the black hats without a program – and the program changes every day,” discernment is advised.
Econintersect: A report August 22 from Bloomberg details loans at the height of the financial crisis that the Fed used to keep banks from going under. Bloomberg reported their findings from data they obtained through Freedom of Information Act requests, months of litigation and an act of Congress. And not just American banks benefited from these loans. The list contains major European banks as well. So these loans were secret until Bloomberg jumped through legal hoops to get the data.
The following graphic from the 5 Min. Forecastshows the loans during the height of the Financial Crisis to the biggest borrowers:
The 5 Min. Forecast quotes Bloomberg. Here’s what they said:
Secret loans from the Fed to Wall Street totaled $1.2 trillion at the height of the 2008 panic.
The top 10 recipients alone account for 56% of the total. The $669 billion these 10 borrowed is, um, rather larger than the “official bailout figure” of $160 billion represented by the TARP program.
“These are all whopping numbers,” according to former Justice Department official Robert Litan, who served on a commission that looked into the savings-and-loan scandal of the 1990s.
“You’re talking about the aristocracy of American finance going down the tubes without the federal money.” To say nothing of the European banks that make up nearly half of the top 30 borrowers.
That’s the conclusion of Bloomberg after analyzing 29,346 pages of documents released by the Fed only because Bloomberg went all the way to the U.S. Supreme Court to obtain them.
An article at the end of July at GEI News covered the result of a GAO (General Accounting Office) audit of the Fed which revealed that during the crisis and follow-on, the Fed has provided $16 trillion of support to financial institutions. A perusal of the report indicated that the total was a cummulative number of repeated loans which was estimated never exceeded something of the order of $1 trillion at any time.
The Bloomberg report has fixed that number to be $1.2 trillion.
www.bloomberg.com/news/…/wall-street-aristocracy-got-1-2-trillion… – Cached
Aug 22, 2011 – $91.4 billion, according to a Bloomberg News compilation of data obtained through … Cumberland’s Eisenbeis on Fed, Wall Street, Secret Loans …. “These are all whopping numbers,” said Robert Litan, a former Justice …. Data gleaned from 29346 pages of documents obtained under the Freedom of …
Aug 26, 2011 – The Fed – the central bank of the USA – made a lot of secret loans at … and the Fed was forced to release 29346 pages of documents. Now Bloomberg News has released information on 1.2 trillion dollars in secret loans to big banks. A lot of these loans were made at 1.1% interest, one-third of the going rate. …
econintersect.com/b2evolution/blog1.php/2011/…/secret–fed–loans – Cached
Aug 23, 2011 – Global Economic Intersection – News Blog … Bloomberg reported their findings from data they obtained through … So these loans were secret until Bloomberg jumped through legal … That’s the conclusion of Bloomberg after analyzing 29346 pages of documents released by the Fed only … Some Word …
Aug 28, 2011 – In recent days, ‘Bloomberg News‘ obtained 29346 pages of documentation from the Federal Reserve about some of these secret loans, after …
The following daily news items are provided as a sampling of the crucial … With a hat tip to Bill, here are some charts of troughs to peaks that show why so … Story by Bloomberg …. Wall Street Aristocracy Got 1.2 Trillion in Secret Fed Loans … Data gleaned from 29346 pages of documents obtained under the Freedom of …
moraloutrage.wordpress.com/…/federal–reserve-audit-reveals-trillion… – Cached
4 days ago – In recent days, ‘Bloomberg News‘ obtained 29346 pages of documentation from the Federal Reserve about some of these secret loans, after …
dailyreckoning.com/is-qe3-just-around-the-corner/ – Cached
08/22/11 Baltimore, Maryland – Secret loans from the Fed to Wall Street totaled $1.2 trillion at … after analyzing 29346 pages of documents released by the Fed only … The $669 billion these 10 borrowed is, um, rather larger than the “official … that there should be some sort of accountability when banks forge paperwork to …
Aug 22, 2011 – Yesterday Bloomberg News released the report from its investigation into the … Wall Street Aristocracy Got $1.2 Trillion in Loans from Fed … last year asked the U.S. Supreme Court to keep at least some Fed borrowings secret. … Data gleaned from 29346 pages of documents obtained under the Freedom of …
Aug 23, 2011 – “These were like hot-money deposits that could flee in an instant,” … Morgan Stanley’s Fed loans — tallied in a Bloomberg News database assembled from government records of more than 21000 transactions and 29346 pages — open a …. “Definitely some major outflows of PB balances at both GS ($5 b) …