Bank Bailout Total: A Whooping $7.7 Trillion Dollars

You want to know why there is an Occupy Wall Street movement that has expanded to many local cities?

You want to know why folks are hopping mad at our too big to fail Financial Institutions?

If So:

Then read this mind numbing revelation reported by Bloomberg News - allow me to add, Bloomberg's parent company Bloomberg LP had to fight all the way up to the US Supreme Court for the right to publicize what the banks and the Fed, lead by Benjamin Bernanke, wanted to keep secret.

It's worse than you could ever imagine...

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

$7.77 Trillion

The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year. source

WTF, are you kidding me? Seven point what... You mean this do nothing GOP lead congress can continue to dole out this type of dough to these FAT CAT Barons and yet they refuse to pass a comprehensive Job Act bill to put America back to work.

These are the same folks that cry socialism when the President tries to help the average Joe/Jane residing on Main Street, but Wall Street gets a blank check - a blank check that the American taxpayers have to make good on.

And it gets worse...

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

They don't need to close Guantanamo Bay. They need to charge a different profile of criminals with crimes against the State.