“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”
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Sen. Bernie Sanders, on the report from the first-ever audit of the Federal Reserve. (via cognitivedissonance)
$16 trillion. Right now the proposed cuts from the federal budget to get the credit rating of the country free from the Republican hostage takers is 1/4 of that. Those cuts will decimate the government, the services it provides and the general economy further. For 1/4 of the money the government HANDED OUT LIKE CANDY to financial institutions and corporations.
(via drst)