Fed Bails Out Rich Arabs in Citigroup Deal

.... Saudi Arabian prince Alwaleed bin Talal, who has a major stake in Citigroup and also invests

in the Fox News parent company, News Corporation, reportedly lives in a $100-million 317-room Riyadh palace. A nephew of Saudi King Abdullah, Alwaleed has been called the “Warren Buffet of the Gulf” and runs the Kingdom Holding Company.

Is this somebody who should be bailed out by American taxpayers?

The Citigroup bailout demonstrates, once again, that the Federal Reserve does anything it wants with our money, with no accountability to the Congress or the American people.

The Federal Reserve is so out of control that it refuses to comply with a legitimate and lawful Bloomberg News Freedom of Information Act (FOIA) request for information about nearly $2 trillion in loans extended to foreign banks and other interests during the current financial meltdown.....