Thursday, March 31, 2011

Fed Released 29,000 Pages of Records

Bloomberg was recently victorious in their lawsuit against the Federal Reserve leading to today's release of formerly propriety knowledge the Fed withheld from the American public regarding its involvement in the 2008 bailout.  Immediately obvious was the over $100 trillion in discounted loans of which the largest was made to the European bank Dexia in the amount of $31.5 billion.  According to Ron Paul the largesse involved and gravity of the issue at hand is worse than he could have imagined.  Congressional hearings to be held by Rep. Paul on the Federal Reserve will take place over a month from now when a full assessment is anticipated to be complete.

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