Important Stories Obscured By The Debt Default Distraction
I can’t find much, if any national, top-level media coverage on the July GAO Federal Reserve Audit that revealed, between December 2007 and June 2010, $16 trillion was doled out by the Fed in secret loans to bail out American and foreign banks and businesses without Congressional knowledge or approval. It seems that Senator Sanders (VT) is the only site, other than random low-level websites—forums & blogs—in over 8 pages of Google searches results for the terms; Fed Audit, 16 Trillion. Even after including the search terms, ABC, CBS, NBC, CNN, FOX, there were no returns to indicate any of these outlets reported on this. Why hasn’t this received more attention, or am I missing something?
GAO Audit: (PDF)
http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf
There is another story that I think was conveniently side-lined by the default distraction and that is about H.R. 1981, colloquially known at the ISP spying bill. I found this at the New York Daily News:
“A late rewrite of the bill reportedly requires ISPs to store customers’ names, phone numbers, credit card numbers, bank account numbers and temporarily assigned IP addresses for 1 year. The panel rejected an amendment clarifying that only IP addresses be retained by a 7 to 16 vote.”
House panel approves ISP snooping bill HR 1981:
So, WTH is going on?
