Vote!

Hartzman’s Whistleblower Filing, Part Two of One: The Federal Reserve

"At the height of the financial crisis, the Federal Reserveallowed the world’s largest banks to turn more than $118 billion in junk bonds, defaulted debt, securities of unknown ratings and stocks into cash. The U.S. central bank allowed borrowersto use $929 million in market-valued debt that had gone into default, rated D,as collateral..."BloombergDid the Federal Reserveexpose taxpayers to hundreds of billions of dollars of potential losseswithout congressional approval, when it allowed some financial institutions to exchange low quality securities for AAA Treasuries?Did the Federal Reserve allow many foreign financial institutionsto...

read more...

Published By: Hartzman's Inquisition - Tuesday, 12 June, 2012