The Ice Blog

by Ice

Do You Get What You Pay (Vote) For??

A recent article at BlackListedNews alerts “taxpayers” that they are paying for a lot more than the latest $700 billion bailout passed by Congress.  The article states that Paulson and Bernanke have handed out $2 Trillion to unnamed recipients.

In the past couple of months Bernanke has loaned out $2 trillion to unnamed companies under eleven different programs and all but three of them were slapped together in the past fifteen months of financial crisis.

Would it surprise you to learn that Bernanke has the legal authority to pass out these monies without Congressional authorization or explanation? Gee, how is it that this could happen? Where is all the transparency they speak about? And how did this unbridled authority to burden the “taxpayers” come about?

See the article in its entirety HERE.

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November 18, 2008 - Posted by | Credit, Economy, End of America, Fraud, Law, Politics

3 Comments »

  1. […] Professional Finance Article Site: On this site, you can find all the related finance articles. You … wrote an interesting post today onHere’s a quick excerpt A recent article at BlackListedNews alerts “taxpayers” that they are paying for a lot more than the latest $700 billion bailout passed by Congress.  The article states that Paulson and Bernanke have handed out $2 Trillion to unnamed recipients. […]

    Pingback by Credit Crunch » Do You Get What You Pay (Vote) For?? | November 18, 2008 | Reply

  2. As argued in http://euandus3.wordpress.com/2009/12/04/the-federal-reserve-we-screwed-up-but-should-be-given-more-authority/ , Bernanke admits that the Fed screwed up in the housing bubble and should be given even more authority to protect us from systemic risk. You try connecting the dots.

    Comment by euandus2 | December 4, 2009 | Reply

    • It’s time to “End the Fed.”

      Let’s get back to a real economy based upon real substance.

      Comment by Ice | December 5, 2009 | Reply


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