Fed Audit = Made $16 trillion secret loans

Watched Inside Job the other day... very interesting documentary, definitely worth a watch.

These people are all scumbags basically hah.
 
Originally Posted by rashi

Originally Posted by AR Guy

Originally Posted by rashi



I'm willing to bet that $16 trillion is a low ball estimate.

Still doesn't change the fact they manipulated numbers to fit their agenda. Big shocker their.

Elaborate for me a little. Sanders is a proponent of the Fed.

Per the PDF file

"...Table 8 aggregates total dollar transaction amounts by adding the total dollar amount of all loans but does not adjust these amounts to reflect differences across programs in the term over which loans were outstanding. For example, an overnight PDCF loan of $10 billion that was renewed daily at the same level for 30 business days would result in an aggregate amount borrowed of $300 billion although the institution, in effect, borrowed only $10 billion over 30 days..."


I do not why they would put these numbers in such a false manner.
 
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