Bernie Sanders Vs. Ben Bernanke

WHICH WALL STREET BANKS GOT THE $2.2 TRILLION?

In this famous Senate scene from 2009, Bernie asks Bernanke to name the global banks that were gifted $2.2 trillion in low-interest loans from the Fed.

Comments

[DailyBail]

Libya-Owned Bank Borrowed $5 Billion From Fed

http://dailybail.com/home/libya-owned-bank-borrowed-5-billion-from-fed.html

[DailyBail]

Bernie Sanders Has Gigantic, Kryptonite Anti-Bernanke Cojones

http://dailybail.com/home/bernie-sanders-has-gigantic-kryptonite-anti-bernanke-cojones.html

[Cheyenne]

Great clip. Bernanke refuses to identify which banks got $2.2 trillion in EZ Slee-Z Fed Loans. The reason for his refusal becomes immediately apparent when you see the list. The names fall into 3 categories:

1. Foreign banks (not eligible for TARP) like UBS (#1 on the list) and Dexia (#3)
2. Domestic non-bank financial institutions (not eligible for TARP) like AIG (#2) and Hudson Castle (#4)
3. Domestic TBTF banks (got TARP funds, but they weren't enough to bail the bank out) like Citigroup (#10) and Bank of America (#14)

The list reveals a lot about the U.S. banking system. First, Citi and BofA should've been put out of their misery. They both got $45 billion in TARP and it wasn't even close to being enough.

Second, Ben Bernanke flat out, no-2-ways-about-it lied to Congress to get the TARP bailout passed. He should be in prison. The case against Bernanke is made (by me) in irrefutable detail here:

http://www.youtube.com/watch?v=RmPUKy-3OfY

The list of banks that Sanders asked for but didn't get at the time is contained in Table 7 of this downloadable academic paper:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1911454

[DailyBail]

I'm going to bring back that story later this week -- the one containing the Sovereign Deception clip.

[Hillary]

Note that Trump wants to dismantle Dobb Frank He is obviously on the side of banks and Wall Street.
http://www.huffingtonpost.com/entry/donald-trump-kim-jong-un_us_573b86f2e4b0aee7b8e83308

[DailyBail]

I saw that. The thing you have to remember is that Dodd-Frank legislation is that it hasn't helped. Too big to fail banks have gotten bigger . I'm for regulating Wall Street in a way that limits taxpayer liability for bailouts. Dodd-Frank hasn't done that.