Federal Reserve Bailout
December 20, 2010 10:43pm CST
FOREIGN BANKS: - $1.5 trillion (almost £1trillion) to British banks - European Central Bank - Central Bank of England - Central Bank of Australia - Central Bank of Denmark - Central Bank of Japan - Central Bank of Mexico - Central Bank of Norway - Central Bank of South Korea - Central Bank of Sweden - Central Bank of Switzerland - $290 billion to Deutsche Bank - $287 billion to Credit Suisse - $165 billion to UBS (Swiss) - $92 billion to Royal Bank of Scotland (RBS) - $41.8 billion to BNP Paribas - $38 billion to Barclay's - $14.9 billion to Commerzbank AG FOREIGN GOVERNMENTS: - Republic of Korea - The Free State of Bavaria DOMESTIC BANKS: - $2.2 trillion to Citigroup - $2.1 trillion to Merrill Lynch - $2 trillion to Morgan Stanley. - $960 billion to Bear Stearns - $887 billion to Bank of America - $615 billion to Goldman Sachs - $178 billion to JP Morgan Chase - $154 billion to Wells Fargo - $60.2 billion to AIG - $7.5 billion to SunTrust DOMESTIC CORPORATIONS: - $16 billion to General Electric - $15.8 billion to Ford Motor Company - $13.5 billion to GMAC - $2.3 billion to Harley-Davidson - $1.48 billion to Verizon - $733 million to Caterpillar - $203.5 million to McDonald's (REALLY?!?) This is where your money went. Aren't you so happy look at all the Great Companies you helped out. Some of the aren't even in this country. So what do you think of the Federal Reserve? Do you think we need to get rid of it? Have the Government take it over so that we the people can control it?