Dennis Kucninch -- Bloice's Quote of the Day -- 11.30.11

Quote of the Day
November 30, 2011

'The Federal Reserve extended extraordinary support to
financial institutions that crashed the economy with
reckless speculation, and on that support many of the
firms made billions in profit and paid obscene bonuses.
The Fed asked for nothing from these firms in return
and that is because the Federal Reserve works first and
foremost for the welfare of private financial
institutions, not the American economy.

'The message that emerges from these revelations for
Americans who have lost their jobs, lost their homes,
or watched their retirement nest eggs disappear is that
we have unlimited resources available for the banks,
but nothing for the American people,'

Congressperson Dennis Kucinich (D-OH)
November 29, 2011

http://tinyurl.com/6qvqz5x

 

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