“Investment advisor Catherine Austin Fitts shared her critical reaction to the new financial regulations just signed into law. “We have a couple thousand pages of legislation from the federal government” that still doesn’t account for the $4 trillion missing from federal accounts. And the new regulations will essentially increase the amount of centralization, and give vast new powers to the Federal Reserve, she cautioned.
New Financial Regulations - Catherine Austin Fitts on Coast to coast am 07.21.2010“
[Catherine begins at 7:12]
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U.S. Rescue May Reach $23.7 Trillion
By Dawn Kopecki and Catherine Dodge
U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.
The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the U.S. financial system, including $6.8 trillion in aid offered by the Federal Reserve, Barofsky said in a report released today.
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