The law that created the Federal Reserve (private banking cartel that sets price of money via interest rate) is allowed to purchase debt that is backed by the full faith and credit of the US government. The Fed is not authorized to purchase corporate debt nor corporate securities.
The Fed recently admitted to buying corporate securities "to aid Bear Stearns’s takeover by JPMorgan Chase & Co.".
Where are the prosecutors who should be filing charges against Ben Bernanke and the Fed?
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