thealyonashow:

Banks Profit $13Bil off Secret Fed Loans

Bloomberg reported that the Federal Reserve had given out $7.7 trillion in loans to the nation’s largest banks in secret through March of 2009, banks that at the time were publicly talking about their strength and solvency, and who ended up profiting $13 billion off these loans. As former US Congressman Alan Grayson had noted, is the fed supposed to pick winners and losers? Nomi Prins, author of “Black Tuesday” discusses.

(Source: youtube.com)