Just in case you missed this one-day story which Raw Story dug out of the first and only audit of the Federal Reserve…
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.
Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion.
That’s more than $500 billion per month every month for 32 months between December 1 2007 and July 21 2010, and it’s also more than one quarter of the net wealth of the entire United States.
So how much more has the Fed loaned the banks in the year since July 21, 2010?
The same rate of $500 billion per month adds up to another $6 trillion, for a very grand total of $22 TRILLION in free money for the same “too big to fail” financial institutions which produced the Second Great Depression where almost no ordinary American citizen can get a loan for anything.
But of course it’s always possible that the Fed cut off the banks last July, and never ever loaned them another penny.
Harharharhar!!!
At least $16.1 TRILLION!
More than the GDP!
More than the national debt!
More than all the mortgages in the United States!
And all of it at less than one percent interest!
Hurrah!

Abandoned Farmhouse, US 258 South of Washington DC
Westinghouse Nuclear and the rest of the nuclear industry had a very good day in the US Senate on Tuesday, August 2, 2011, and although Senators Dick Durbin and Barbara Boxer actually mentioned Fukushima, the five NRC Commissioners agreed to do absolutely nothing about anything, unless you count “reviewing” whatever and “re-evaluating” whatever else as doing something, and then you can rejoice about plans for…
Re-evaluating earthquake and flooding hazards.
Reviewing with operators the location and operation of “hardened vents” that are supposed to get rid of any hydrogen created in an accident so that it does not cause explosions, as it did at the Japanese reactors.
Reviewing the status of extra pumps, hoses and other emergency equipment added after the terrorist attacks of Sept. 11, 2001.
And…
Making sure operators are trained in the use of that emergency equipment.
So Westinghouse Nuclear was grinning from ear to ear, and that’s all there was to it.
Obama/Plouffe/Axelrod offered Hillary Clinton a fancy title in 2008 and of course that silly cow jumped over the moon for it. Secretary of State! Wowie zowie!
And now the first page of a Google News search for “Hillary Clinton” produces…
“Gaga Gunning For Tim After He Disses Hillary’s Pantsuits!”
So Obama can sell out Social Security, Medicare, Medicaid, and millions of jobs while the Left looks around for somebody, anybody to run against that stinking con-man in the Democratic primaries, and meanwhile Hillary Rodham Clinton is promoting a rap concert with will.i.am.












