Kucinich the Federal Reserve is paying banks NOT to make loans ” One Fraud after Another”

Friday, 1 January 2010, 8:20 | Loans | 25 Comments | 21 Views
by admin


This is one fraud after another on the American people. FIGHT THE FED CampaignforLiberty.com Feel free? What does Liberty mean to you? http Tuesday, 21 July 2009 US Congressman Dennis Kucinich (D-Ohio, 10th District) questions Neil M. Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), testifying before the House Committee on Oversight and Government Reform, about interest payments made to banks that keep their TARP funds and other government (taxpayer) bailout money with the Federal Reserve, instead of making loans to struggling Americans (the original intent of the TARP, remember?) The Fed makes generous interest payments to the banks for “parking” their “excess reserves” at the Fed. And guess who will end up paying for this “interest” given to the banks, and everything else? That’s right, you and me, John and Jane Q. Suckers!! The dumb, fat sheep! By the way, Neil M. Barofsky is a good guy here — don’t beat up on him. He’s in immediate danger of losing his job (if not his life) becauses he’s revealing too many of the Temple’s dark secrets. Barofsky deserves our full support. You can download Special Inspector General for the Troubled Asset Relief Program (SIGTARP) reports,testimonies and audits at sigtarp.gov. The July 20th, 2009 report, “SIGTARP Survey Demonstrates That Banks Can Provide Meaningful Information On Their Use Of TARP Funds,” is esecially interesting and can be downloaded at sigtarp.gov

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25 responses to "Kucinich the Federal Reserve is paying banks NOT to make loans ” One Fraud after Another”"

  1. jmjfanss says:

    Thisn is why I’m voting for ron paul in 2012.

  2. ApocalypticMetalHead says:

    I couldn’t agree with you more.

  3. Dannyboy8155 says:

    Revision – The only people who own fire arms “that would be affected by such legislation”….

  4. Dannyboy8155 says:

    Seriously. The only people who own fire arms and particularly handguns are the ones who go through the proper channels (partly because you cannot own one with a record). Criminals obtain their fire arms illegally so they will not trace back to them when they use them for something criminal. It seems like a no-brainer that enacting gun legislation will not solve what the liberals see as a problem. They see inner-city shootings, or what have you. These are committed by unlicensed firearms.

  5. ApocalypticMetalHead says:

    One of the very few things I don’t like about Dennis is the one of my biggest concerns, the fact he is currently drafting legislation that includes a ban on the purchase, sale, transfer, or possession of handguns by civilians. This is as anti-freedom as one can be.

    If he is so smart, why on earth would he create legislation that hurt law-abiding Americans and helps the criminals? The liberals need to get away from the anti-gun reputation.

  6. JohnKillrory says:

    Time for us all to start to rob banks and take all the money we want.we shall overcome

  7. zetsway5000 says:

    Hes against the 2nd amendment and want to redistribute wealth.

  8. SgtTravisBickle says:

    Whenever Dennis speaks, I can almost see the spirits of our founding fathers on his shoulders… and they look pissed off!

  9. hume12345 says:

    dennis always reads the fine print. i hope he runs in 2012

  10. wolfgangfaust says:

    message taken-look

  11. wolfgangfaust says:

    “Shocking Hypocrisy Audio Found Obama didn’t like it when Bush Rushed Through Legislation”

    radio interview with Randi Rhodes in 2004.
    now barry demands laws are passed without reading the bill. the pens need to be removed from the corrupt bastards hands in congress before they continue signing our countrys’ death warrant

  12. Dollarisdead09 says:

    wolfgangfaust i agreed with your comment on obama supporting passing laws without reading the bill but it went downhill when i saw you wrote “monkey’s hands”…. IT KILLS YOUR WHOLE ARGUMENT, DONT BE RACIST, PEOPLE WONT LISTEN TO YOU

  13. RodneyHampton says:

    Thank God for Neil M. Barofsky and Dennis K.

  14. mrbhave says:

    In our audit? Did HR 1207 pass last night?

  15. TABOOVSKNOWLEDGE says:

    Dennis is just scratching the surface

  16. joppman845 says:

    How many of the FEDS are members of the Bilderburg Group?????????

  17. steeleye65 says:

    Wow! The recent bank earnings that skyrocketed bank stocks could be interest on bailout money paid to them by the FED. When is it going to be time to burn the FED to the ground? Geitner and his pet thieves need to go down.

  18. EMPIRE0FLIES says:

    Fed getting away with murder…..again

  19. sevenfights says:

    How is there any question about banning the FED REV?
    GO BACK TO THE GOLD STANDARD, GIVE US OUR WEALTH BACK. THE FED JUST KEEPS THE AVG GUY’S HEAD UNDERWATER, WE ALL CAN’T BE RICH, SOMEONE HAS TO KEEP THE POOR AROUND, SOMEONE TO BEG FOR GOVERNMENT ASSISTANCE. WITHOUT THE FED, THE GOVERNMENT COULDN’T OUT SPEND AND OVER POWER THE STATES!

  20. Ishpeck says:

    “One fraud after another…”

    Amen.

  21. mejesus says:

    Barry isn’t chairman? yay!

  22. maggoli67 says:

    How much longer before such questioning is shut down? Keep up the fight!

  23. dweber66 says:

    simple solution – END the CORRUPT federal reserve bank NOW

  24. dweber66 says:

    kucinich is a true patriot and cares about we the people

  25. yadranko says:

    Ron Paul’s HR 1207: Audit the Federal Reserve!

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