The Fed Audit: "U.S. provided whopping $16 trillion in secret loans to bail out US and foreign banks"

"Clear case of socialism for the rich, and rugged, you're-on-your-own individualism for everyone else."

As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world

Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland

The Fed Audit: "U.S. provided a whopping $16 trillion in secret loans to bail out US and foreign banks"