Article by Kevin DeAnna.
What a surprise! It has been revealed that the Federal Reserve, which has been fighting to conceal the beneficiaries of its billion dollar bailouts, gave most of the money to banks overseas, including a company part owned by the Central Bank of Libya.
Vincent Reinhart, the Fed’s director of monetary affairs from 2001 to 2007, stated,
The caricature of the Fed is that it was shoveling money to big New York banks and a bunch of foreigners, and that is not conducive to its long-run reputation.
Unfortunately, as would be expected, the caricature is true.
America Last — in finance as well as foreign policy.