Summary of Dr. Ron Paul's partial Federal Reserve audit results

[row333au]

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows...

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

http://www.gao.gov/products/GAO-11-696

NB: There is still a drastic need to access all records, data and sourcing to see a real and full audit balance of the further trillions of dollars missing, unaccounted for and illegally write-off. The above summary is still partial therefore inaccurate and would more likely have higher figures.

[Feeding the Abscess]

Damn. Nice work, and welcome to the forums!

[Oddone]

Since Bank of America Bought Merrill Lynch and Countrywide they got both of their Bailouts.

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Countrywide ?
= 3.293trillion + Countrywide ? =

[Edu]

Thank you.

800 billion to a UK bank? WTF?

This should make people want to occupy wall street! Oh, wait....

[fatjohn]

banks in Belgium of all places



As a Belgian, I'm wondering why it is any stranger than bailing out french, German or Swiss banks. All the banks are intertwined. Either you bail them out or you don't. In other news the 159 Billion to dexia was not enough. It was nationalized last week. Hyperinflation bitches... it's coming.

[Diurdi]

As a Belgian, I'm wondering why it is any stranger than bailing out french, German or Swiss banks. All the banks are intertwined. Either you bail them out or you don't. In other news the 159 Billion to dexia was not enough. It was nationalized last week. Hyperinflation bitches... it's coming. Aye Dexia is just as significant as any Swiss bank. But it's funny how it has completely failed as well.

[row333au]

Cheers mate... just sharing

Suggestion, if Ron Paul's campaign group can take time to look over this lead, with more detail of Ron Paul auditing including details of federal reserve activities and above corruptions.... then make print-outs (with spamming it out to the crowd notes) so it can be use with 'OCCUPY': Wall Street, Feds and DC. This kind of information and publicity will help the movement by being a counter hijacking, as armament to use against the detractors (specially if this reach the masses being control by shills and gatekeepers) and of course would not hurt but even enhance Dr Ron Paul's election.

[sailingaway]

bump

[Okie RP fan]

So, technically, RP has helped lead a partial audit thus far?

[KramerDSP]

So, technically, RP has helped lead a partial audit thus far?

It's probably more accurate to say this is the watered down version of Ron Paul's 40-year battle against the Federal Reserve. And that they STILL found this!

[row333au]

H.R. 1207: Federal Reserve Transparency Act of 2009
111th Congress: 2009-2010

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Sponsor: Rep. Ronald Paul [R-TX14]


H.R.1207
Latest Title: Federal Reserve Transparency Act of 2009
Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009) Cosponsors (320)
Related Bills: S.604
Latest Major Action: 9/25/2009 House committee/subcommittee actions. Status: Committee Hearings Held.

This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.

In 2009, the Federal Reserve admitted to congress that it could not account for $9.3 trillion. This is not a misprint, to reiterate not $9.3 million, not $9.3 billion, and it is $9.3 trillion. (Post partial audit: no action has been taken and the bill was blocked not to become a law during 2010)

Bill Overview

Co-sponsors: Show Cosponsors (320)
Text: Summary | Full Text
Status:
Occurred: Introduced Feb 26, 2009
Occurred: Referred to Committee View Committee Assignments

Not Yet Occurred: Reported by Committee (did not occur)
Not Yet Occurred: House Vote (did not occur)
Not Yet Occurred: Senate Vote (did not occur)
Not Yet Occurred: Signed by President (did not occur)

Last Action:

Sep 25, 2009: House Committee on Financial Services: Committee Hearings Held.

Related: See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

HR 1207 - Audit the Federal Reserve
Dr Ron Paul explains the auditing the feds bill
http://www.youtube.com/watch?v=RYiHE35kCQI

9 TRILLION Dollars Missing from Federal Reserve,Fed Inspector General Can't Explain
http://www.youtube.com/watch?v=GYNVNhB-m0o&feature=related


http://thomas.gov/cgi-bin/bdquery/?&Db=d111&querybd=@FIELD%28FLD001+@4%28Accounting+and+auditi ng%29%29#
(note: number 10 item bill)

http://www.opencongress.org/bill/111-h1207/show

http://www.ronpaul.com/congress/legislation/111th-congress-200910/audit-the-federal-reserve-hr-1207/

[row333au]

Federal Reserve Documents To Reveal Recipients Of Secret Loans During Financial Crisis
http://www.huffingtonpost.com/2010/12/01/federal-reserve-documents_n_790258.html

[row333au]

@fatjohn

Ya wondered myself why Belgium of all places....must be late into the morning.... meant to be "and all other places"....Sorry didn't mean to

[RSLudlum]

Thank you.

800 billion to a UK bank? WTF?

This should make people want to occupy wall street! Oh, wait....

Ran across this while reading Garet Garrett's A Bubble That Broke The World (1932) which explained the same going on post WWI.


"While Germany's European creditors were debating the plan and higgling over what it was going to cost them, the Federal Reserve Bank in New York made a direct loan to the German Reichsbank to keep it open...American loans to Germany have enabled her to pay reparations. Out of reparations from Germany the others make their annual payments on their war debts to the American Government. Anything we have yet got back from Europe was our own money"

[row333au]

http://farm1.static.flickr.com/19/115454962_15345fe625.jpg
Federal Reserve audit exposes major securities fraud and the embezzlement of $16 trillion.

Embezzlement is the act of dishonestly appropriating or secreting assets by one or more individuals to whom such assets have been entrusted. Embezzlement is performed in a manner that is premeditated, systematic and/or methodical, with the explicit intent to conceal the activities from other individuals, usually because it is being done without their knowledge or consent. U.S. Code TITLE 18 > PART I > CHAPTER 31 – EMBEZZLEMENT AND THEFT § 644. Banker receiving unauthorized deposit of public money

http://auditthefedphonebomb.com/bailouts/federal-reserve-audit-exposes-major-securities-fraud-and-the-embezzlement-of-16-trillion-2/

http://presscore.ca/2011/?p=3279