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Breaking - GAO Audit Finds Fed Loaned Trillions Secretly to Banks And Companies

 
Lonerangersilver
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08/03/2011 03:15 AM
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Breaking - GAO Audit Finds Fed Loaned Trillions Secretly to Banks And Companies
An audit on the Federal Reserve conducted by the Government Accountability Office (GAO) found secret loans made to large banks and companies around the world and conflicts of interest within the central banking system.

The GAO report says the Federal Reserve issued $16 trillion worth of loans to large private institutions such as JP Morgan Chase, Wells Fargo, and General Electric during the financial crisis.
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