Image by CityGypsy11 via FlickrGrant Lawrence--Bodhi Thunder

So the Federal Reserve bailed out the big banks and other large corporations with Trillions of US taxpayer dollars.

That is terrible since it is the cause of our massive US debt and they ain't nobody telling you that.

But even more terrible is that the problem that caused the crash has not been fixed.

So look for the Mother of All Crashes in the coming weeks, months, or years. Nobody can say when the super big one will occur. But it is a safe bet that without a major systemic fix, it will occur..

..Just exactly how big was the Federal Reserve’s bailout of the banks between the years of 2008 and 2010? Thanks to a Federal Request of Information Act gone fulfilled, America now knows the truth behind a colossal cover-up: almost $8 trillion...

....By March of 2009, the Fed had already dished out $7.77 trillion to save the US financial system, dwarfing other assistance programs several times over. As the financial sector was on the brink of collapse, neither the Fed nor the banks involved came clean with the truth, instead lying through their teeth to keep the total facts a mystery. Until now.

While the banks kept the bailout a secret from Congress, they lobbied to the Legislative Branch to imply more lax governmental regulations on the industry, something that would haven arguably been near impossible had the truth surfaced at the time.

The website Naked Capitalism explains it pretty clearly in not so many words: “The bottom line is everybody close to the process lied like crazy.”....rt

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