Pulling Back the Curtain on the Wall Street Money Machine by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
Dec. 7, 2011

Capitalism Kills

Image by Dandelion Salad via Flickr

On November 27, Bloomberg News reported the results of its successful case to force the Fed to reveal the lending details of its 2008-09 bank bailout. In 29,000 pages of documents, the Fed revealed that by March 2009, it had committed $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached.

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