1.0 link 146571 http://www.huffingtonpost.com/saskia-sassen/a-turning-point-but-where_b_146571.html The Fed has lent $1.5 trillion in taxpayers' money to banks, including Citigroup and Goldman Sachs. This does not include the $700 billion bailout authorized by Congress. As collateral, the Fed is accepting a bunch of securities -- but it is not telling us what these securities are.

And these $1.5 trillion are only the tip of the iceberg. Right now, Bloomberg's best estimate is that $7.7 trillion of taxpayers' money has been committed to the banking and...

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