Wednesday, February 27, 2013
Elizabeth Warren ~ Taxpayers subsidize big Banks handing out $85 Bln annually
Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chairman Ben Bernanke about the risks of having banks that are too big to fail on Tuesday. According to a recent Bloomberg study, some of the biggest banks are receiving $83 billion in subsidies each year. Bernanke appeared before the Senate Banking Committee and was forced to answer whether or not these financial institutions should be forced to reimburse taxpayers for the bailouts. Anthony Randazzo, director of economic research with the Reason Foundation, breaks down the numbers.
"Usury, once in control, will wreck any nation.
Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."
- William Lyon Mackenzie King
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
- Lord Acton
Elizabeth Warren....Isn't she that lying, phoney Indian Chief that is the laughingstock of Massachusetts ???...(She puts the "ass" in M-ASS-achusetts.. and will never have another credible day in her lifetime).
ReplyDeleteWe should be aware of this issue that The working class individuals are not aware that billions of dollars are being lost to sweetheart deals for banks. Taxpayers are paying huge personal loans to pay banks.
ReplyDelete.