“This time Max Keiser and co-host, Stacy Herbert, discuss intergenerational debt for IMF poster children; radical plans for EU banks; and an artist’s incendiary painting as bank statement. In the second half of the show Max talks to Isa Blumi about the role of micro-finance and oil traders in unrest in Yemen.”
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June 22, 2011
By Rep. Ron Paul – The Washington Times
Among the facts that the Federal Reserve would rather you didn’t know is that at the height of the financial turmoil in 2008, when average Americans were just beginning to suffer, the institution was passing out sweetheart deals to protect the powerful and well-connected. Among the beneficiaries were foreign banks, Wall Street giants and even the company that then owned MSNBC.
Recently, my House subcommittee on domestic monetary policy held a hearing to examine information disclosed by the Federal Reserve about its bailout lending during the 2008 financial crisis – disclosure that was required by the Dodd-Frank Act and the Freedom of Information Act. [Read more…]