[upchuck]

This is not "new" news. Look at this search. This same article was posted on Nov 30.

From an article posted here on FR last July 29:

As Americans struggled to make ends meet in the midst of financial meltdown, the Federal Reserve was shipping trillions of dollars overseas to foreign banks. In one year, Fed officials offered indiscriminate loans of $16 trillion to a host of European banks, as well as Wall Street titans like CitiGroup, Bank of America, and Goldman Sachs. The GAO found that 65 percent of those “emergency loan” handouts went to foreign companies and banks.

I question why there hasn't been any yelling and screaming about this.

[Bellflower]

I question why there hasn't been any yelling and screaming about this.

Is it because a Republican, Bush, was just as guilty or maybe more so than Obama? Or maybe he is hardly as responsible but is made to look like it so that equal blame is spread around and Obama doesn't take the brunt of it. Or maybe both individuals were puppets of a master and both are equally culpable. Whatever happened we need to find out the breakdown of who was responsible for what and each party needs to be held accountable, whether Bush or Obama. When hands are in the pot from both parties things can get awfully hushed up in a hurry. This game has got to stop being played as it is far, far too expensive.

One can imagine the actual corruption involved and has to also wonder whose individual pockets from all of these organizations is filled with our money. Like the old song, "Where has all our money gone?".