News Networks
Topics
Stories
People

  • My Networks
  • Popular
  • Recent
  • ABC...XYZ
  • Create New
  • Search
  • Popular
  • Recent
  • Rising Fast
  • ABC...XYZ
  • Popular Today
  • Popular Week
  • Popular Month
  • Rising Fast
  • Hot Discussions
  • My Newsmakers
  • My Followers
  • Recently Active
  • Popular
  • Find
  • Invite Friends
Connect
Sign in using facebook |
Log in |
Sign Up


Hi there. I'm Jason, one of the founders of socialmedian.
socialmedian delivers the news, filtered by your network.
We'd love to have you join in.
You can use facebook connect to sign in.
Connect
OR
Log in 
|
Sign up


Create your socialmedian account
Email
Required

Password
Required

The password must be atleast 6 characters
Username
Required

http://www.socialmedian.com/username
This is same as my twitter ID
Security check

I agree to the terms and conditions and the privacy policy.
Loading...


Already a user? Please Log In
Invalid Login!
Email

Password

Remember me:
Loading...


Forgot Password?

Email:

By
Add News Flash
User-submitted headlines for this story

Loading

101
Clips
Fed Chariman Refuses to Reveal Who Got the Money.
Submitted by Heartsmart
Mar 06, 2009


Dislike
 
0%
 
100%

Like

Summary
Federal Reserve Chairman Ben Bernanke arrogantly refuses to tell Senator Bernie Sanders which banks were in receipt of government loans and why only large greedy incompetent multinational organizations are allowed access to loans, while small and medium-sized businesses are left to rot. Read the full article

Comments (27)
Wellness360,
Mar 07, 2009
It is incomprehensible why those benefiting from taxpayers money to clean up the mess they created are not held accountable and are protected when ordinary folks are kicked out from their homes by the same banks when they are a few months in arrears...
Reply


Rden,
Mar 07, 2009
When there is no transparency, there is no trust. The fact they won't tell us where our money is going sends a message loud and clear.
Reply


Stevej5210,
Mar 08, 2009
It is about time they agreed to come clean on who is getting what - I heard some companies were buying other companies so that they would be eligable for the some of the 'hand outs'. This sounds a little sick if you ask me.
Reply


We Traveler,
Mar 08, 2009
First I must say Senator Sanders seemed angry as he was interrogating Federal Reserve Chairman Bernanke. The manner in which the senate questions people during these hearings is disrespectful, and unnecessary. Having said this, one would think guidelines for full disclosure would have been in place before this money was distributed to these financial institutions. And Mr. Bernanke should be more forthcoming considering the lack of public trust there is in how this whole economic crisis was created.
Reply


Jonclayton,
Mar 10, 2009
If congress is so outraged that Mr. Bernanke refuses to disclose the recipients, then why does congress keep going along with this scam!!!!!!!
Reply


Greggthorpe,
Mar 11, 2009
All I can say is this new regime is such a mess
Reply


Omar M Reyes,
Mar 11, 2009
Article title says it all. It wreaks of arrogance and lack of accountability. Now is not the time to be playing protectors to those over bloated corporations.
Reply


Realmlmlife,
Mar 12, 2009
"People who have nothing to hide hide nothing"--- but maybe you just have to know how to ask the questions to get the answers you're looking for?
Reply


Freeatlastjulie,
Mar 15, 2009
Well that's interesting...Being here in Australia we are well and truely starting to feel the effects of the global financial storm out there. $2.2 Trillion - the reason we are all in this mess is because no one appears to be answerable for what and to whom gets this money.
Reply


Thesearcher,
Mar 17, 2009
Big companies get money to become bigger, or what?
Well, that's not so easy to understand but giving away loans is always connected with risk. The higher the risk the higher the interest must get to compensate the higher risk involved. As small companies are too risky for banks to give them loans they simply cut it completely. 2 Trillion was given to big companies. Now, is it really so difficult to know who they were? Come on, look to the Dow Jones and you know it.
Reply


Hardhatmack88,
Mar 18, 2009
The whole thing is a shambles. The shadow banking system has been allowed to grow to epic proportions largely unchecked and unregulated. Many of these institutions are insolvent and the money they are being provided with is a drop in the bucket compared to the outstanding liabilities. Certainly transparency and accountability should be part of the deal. With the credit markets being frozen many viable small businesses are starving for funds and solutions in this area are needed to appease the situation.
Reply


Ianharper,
Mar 18, 2009
in the UK we have also had the problem of these guys getting BIG pay off's when did reward for doing good turn into reward for bad things?
Reply


Elizabeth Nichols,
Mar 25, 2009
This does fly in the face of transparency, which is supposed to be a cornerstone of the Obama Administration stimulus program. Now we have banks reporting that they were almost strong-armed into taking the money even when they don't need it, and some even trying to give it back. Not handled well at all!
Reply


Rickdavis,
Mar 26, 2009
doesn't surprise me. Banks don't want to tells us how they are using the money and the government won't tell us who they are giving the money too.
Reply


Leaderwith Dreams,
Mar 27, 2009
I am not surprised by anything our government does these days. All you have to do is look at the oval office.
Reply


Papa San,
Mar 28, 2009
Oh dear... a trillion here and a trillion there. What a pickle. Actually, what more should we expect from this shameless team of idiots? Worst yet... just wait until this monopoly money threads its way through our economic system. Inflation supremo!
Reply


Williamalston,
Mar 31, 2009
Government run amok, citizens well fed and sleepy, no one seems to be watching or even comprehending the complex nature of the whole diabolical plot
Reply


Ivan Alvarez,
Mar 31, 2009
This is an issue that truly needs to be addressed in a different manner. When taxpayers get themselves in financial trouble, due to irresponsibility, who bails them out? Its due time to let these companies fall and start putting some of these CEO's and their staff in jail. If we have to pay for our mistakes, so should they!!!!
Reply


Frank Larrabeee,
Apr 03, 2009
From What I've learned, the small banks will get little.
On 20-20, Bernanke said the banking system was sound, and would not fail on his watch. We'll see, as another trillion is printed and pumped into the system.
Reply


Rita012,
Apr 03, 2009
It's so much money, that the thought of tracking it seems overwhelming. If you think about it, one of the largest markets in the US is the pet industry at 47 Billion Dollars. Think about how difficult it would be to track that money. Now multiply that for the bank bailout, and you've really got an issue.
Reply


Sheridd,
Apr 08, 2009
I hope that soon the financial banks will stable once again and everyone who needs a loan would be able to get one.
Reply


Asearvern,
Apr 09, 2009
This kind of attitude is another reason why the Federal Reserve should not continue to exist. It is unbelievable why the American People allow the United States Congress, who is accountable for monies spent by the FedGov, to delegate this to the Federal Reserve. Congress didn't want to be accountable when the Federal Reserve was set up and they don't want to be accountable now. And now the Fed Reserve can print money for anything they want.
Reply


Williamalston,
Apr 18, 2009
Woodrow Wilson apparently went to his grave sorry that he ever signed the enabling legislation for the FED.
Reply


Buzzardian,
Apr 22, 2009
I say let 'em rot in hell. They claim to be capitalists, yet if so, how come they don't believe in letting the market level the playing field instead of some trumped up snotty scumbag called a politician trying to regulate everything they can touch. Bring on the free-market, and let the monolithic, badly managed banks tumble.
Reply


Andrew James,
Apr 29, 2009
arrogantly refuses..? I have to say, small businesses are the back bone of the economy, I think people in high places are generally needing to take a bow, we'll probably go through some painful times as a nation as the lack of ethics are purged.
Reply


Nat014,
May 06, 2009
Not surprised. If all was clear then there be no reason to hide the truth. Acting like this just makes it even more suspicious. Hopefully one day the big ones will admit what they have done and accept the responsibilities. Hiding is easier than facing the truth.
Reply


Treztark,
Jun 04, 2009
This country is being run buy collectivists, very very sad.
Reply


Add Your Comment
Please enter your Email Id to get a new password
Forgot your password?
Email:

Add something

Snip
News
Site

Instantly Clip News From Any Website
Clip it! on s|m
Or, Enter News Directly Here
Headline:

URL:
(Optional)

Description:
(Optional)

Adding a News...


Add Snip
Adding a Snip...


Now you can import your favorite sites to your socialmedian page
Loading...

Loading...


Is this you?
Stats

Mood
100% Like: kcaptk, YouAreBeautiful, buzzardian, stevedevane (show more)

0% Dislike

101 Clips

Loading...

Heartsmart
Omar M Reyes
Kcaptk
Linkbacks
Jasongoldberg
The Puck
Kaphoen
Wellness360
Rden
Maylehmann
Diannehansen
Panda88
Internetmlmnow
Stevej5210
Atomicdig
Shauncopyguy
Infodiva
Pmctosh
Davinator
We Traveler
Thomaspower

Show more
Show less
Share this story

Network
Email
Tweet
Share with the News Network
Email ID's
(multiple Email ID's separated by commas)
Message
Also post this message as a public comment
Don't worry. We won't share the name or email address of the person that you sent the story to.
Loading...

Message
119

bit.ly (short) url will be added to the message.
Link to discuss this story on socialmedian

Link to the original story

Twitter ID

Password

Save my twitter password
Tweet will be sent using   (change)
Topics

Add Topics

Comma Separated.
Belongs to News Networks

Social Networking (Users: 2488)
Stories in 24 hours: 354
Register using your Twitter ID and we'll help you easily connect
your accounts and find people you already know.

We constantly make updates and enhancements based on user feedback. Follow socialmedian on Twitter
Help us out and report a bug or suggest a new feature! Check out our blog for regular company updates, notables, and to see what we're currently working on.
Report a Bug
Suggest a Feature


 Sending...
close
socialmedian Inc. 2008 - 2009
About socialmedian    |        |    Terms of Service    |    Privacy Policy