The fed has suspected inject $7.77 trillion to the big Banks

Although there are many different places, but "tea party" movement and the "occupation of Wall Street" movement but have one thing in common: they are all transfer public to the financial crisis and the U.S. government during the big Banks have done very upset. However, brave express anger demonstrators and other americans, even including Congressman, and didn't know the fed a still bigger secrets to the big bank transfers $7.77 trillion. "Suspected" $7.77 trillion loan change XiangChao hair money according to the bloomberg markets magazine, from August 2007 to April 2010, in no legislature and supervision, the fed to the United States for large Banks secret history of the largest capital injection. Documents show, calculate the loan guarantee and loans, the fed by March 2009 to the financial system of injecting $7.77 trillion, more than the United States that year half of GDP.new era hats wholesale This ZhangJinRong crisis of the latest sketch, according to the United States based on the information freedom law of disclosure between 2007 and 2009 the fed 29000 pages of documents and more than 21000 pen central bank transaction records. Bloomberg news of the membership in the United States Supreme Court bloomberg company with the federal reserve and the big Banks on behalf of the American interests of the liquidation of the association of the exchange, winning cases, force the federal reserve to public assistance bank details. After the outbreak of the financial crisis, the fed already has two implement quantitative loose monetary policy. The disclosure of the news that the federal reserve super hair money than their published amount. "Misrepresentation of a" secret deal on big Banks from lawmakers capital injection of news, the fed the hide, did not inform legislature. This will deprive the American legislature's right to know, because lawmakers to congress concerned, the fed's capital injection behavior, originally was drafting help city plan of the need to refer to the important information. For example, congress in 2010 through the Wall Street reform and consumer protection act and the Treasury $700 billion "bad assets relief plan, they don't know the fed for the banking industry has massive help city action. Some drafting legislation to deal with the financial crisis of the lawmakers are completely was kept in the dark. "We don't know the detail," Massachusetts democrat barney frank, the former house financial services committee chairman and 2010 years of regulatory reforms common makers said. The fed the explanation is, if disclosure rescue details, investors and counterparts to the recipient Banks will be heading for the hills, the recipient Banks in the next crisis will be difficult to borrow to loans. And the fed officials reiterated that secret plan to make a capital injection of greater economic crisis proud avoid, and all the assistance loans already pay in position. The bank also details of loans to keep secret. The fed documents show, only in the loan demand the most pressing December 5, 2008, the fed a days added $1.2 trillion to the bank. November 26, 2008, when the bank of America chief executive Kenneth? Lewis told shareholders, his leadership of the bank is "the world's most powerful and most stable one of the big Banks. He didn't say, the bank that owe $86 billion the fed. "Generosity" indulgence bank "to big to fall" as the fed save the biggest beneficiaries of the plan, the big Banks on the one hand we can help investors to build confidence, on the other hand, we can use the loans borrowed from the fed lobbied congress MPS, designed to prevent the next against the reform of the economic recession. Because a loan interest rate is extremely low, the fed secret plan to help the United States by the big Banks bigger and bigger, because they use taxpayer money paid for little. During the financial crisis, the fed emergency lending rates low to beyond imagination, in December of 2008 to 0.01%. The fed into a huge amount of money, that financial institutions don't need to sell assets to pay of shareholders' money demand, but deal with depositors take mention cash requirements. Assets in bank accounts lie quietly, for Banks earn interest income. According to the 190 companies has been the financial institutions of data, bloomberg, according to the federal reserve loans and private market spreads over the between loans, of providing about $13 billion in profits bank grab. In fact, the federal reserve the secret to big bank capital injection "generosity", help the U.S. major financial institutions bigger and bigger, so that these institutions to continue to pay high salary employees. According to the federal reserve data, so far this year on September 30,, the United States first six big bank total assets increased 39% to $9.5 trillion, the Numbers were on the same day the three years ago for $6.8 trillion. Labor bureau data show,wholesale nfl jerseys 6 big bank employee salary is in 2010 the United States all the working class two times of the average. Former democratic senator ted kaufman was jointly sponsored a proposal, calls for limits the scale of financial institutions, in order to avoid the "big can't afford to fall" impact of institutions the financial system. The proposal in congress finally ran aground. There is no doubt that the federal reserve and other central Banks should enjoy independent status, they were allowed to implement monetary policies without political interference and when the effect of public pressure. But, in order to avoid loss to taxpayers, this independence should have transparency and accountability. Since the 2008 years since the outbreak of the financial tsunami, the fed as regulators image has not as good as before.

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