Federal Reserve audit fraud and the embezzlement of $16 trillion

[billyji]

Federal Reserve audit exposes major securities fraud and the embezzlement of $16 trillion.

links
http://auditthefedphonebomb.com/bail...16-trillion-2/

http://presscore.ca/2011/?p=3279

September 21, 2011 by Audit The Fed Phone Bomb

An audit of the Federal Reserve has revealed that the privately owned Federal Reserve secretly doled out more than $16 trillion in zero interest loans to some of the largest financial institutions and corporations in the United States and throughout the world. The non-partisan, investigative arm of Congress also determined that the Fed acted illegally. In fact, according to the report, the Fed provided conflict of interest waivers to its employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans. The report is evidence that reveals major securities fraud in the embezzlement of $16 trillion by the Federal Reserve.

$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on. The Federal Reserve was only authorized by Congress to use $1.487 trillion in federal tax dollars in bailouts. The Federal Reserve embezzled another $14.5 trillion.

The Congressional report determined that the Fed secretly hide most of the embezzled money into their own banks. The rest the Fed unilaterally transfered trillions of dollars to foreign banks and corporations from South Korea to Scotland. Foreign banks and corporations which the Federal Reserve bankers had a personal financial interest or stake in.

The report reveals that the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in federal money from the Fed – conflict of interest. Moreover, JP Morgan Chase served as one of the clearing banks (money laundering banks) for the Fed’s emergency loans programs (aka – embezzlement schemes).

In another disturbing finding, the Government Accountability Office said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given federal funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it would have exposed the Fed’s conflict of interest and major securities fraud in the embezzlement of $16 trillion.

The investigation also revealed that the Fed outsourced most of its embezzling to private contractors, many of which were rewarded with extremely low-interest and then-secret loans.

http://presscore.ca/2011/?p=3279 [continued]

[ktlight]

billyji :

$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on

This is how the banks take interest. They are 'allowed' to lend 10 times more than their total funds. I don't know how it is for banks to lend funds to itself.

[Lord Sidious]

Posted by ktlight (here)
billyji :

$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on

This is how the banks take interest. They are 'allowed' to lend 10 times more than their total funds. I don't know how it is for banks to lend funds to itself.

That number varies from place to place.
In Australia it is 14 and in America it is 72.

[billyji]

Posted by Lord Sidious (here)

Posted by ktlight (here)
billyji :

$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on

This is how the banks take interest. They are 'allowed' to lend 10 times more than their total funds. I don't know how it is for banks to lend funds to itself.

That number varies from place to place.
In Australia it is 14 and in America it is 72.

I lost count after One Ma Lord

[Snowbird]

Bye Bye Fed!

Greenspan will be photographed in a wheel chair and feign senility. Bernake will quit the Fed in order to spend time with his family. No one will be brought to justice over this because there isn't any justice.

[sidh25]

http://www.businessinsider.com/feds-...of-life-2011-7
Dated 25th july 2011

Looks like this is what they were doing when the whole world was busy looking at the debt ceiling.

[Aryslan]

At least it was finally done. I thought Ron Paul would be the one to do it; I'm glad he got his chance. Here's to hoping a dismantling is next.

[sygh]

Just watched a show on the History Channel asking to have Fort Knox opened. They covered quite a bit of the alternative views people have concerning the Federal Reserve, and a faultering faith Americans have in the dollar, plus the above.

[conk]

Start holding your breath......now!