The Fed did the following:

• Provided trillions of dollars to foreign banks and corporations, from South Korea to Scotland

• Had members of the board that received money from the Fed for their companies (Conflict of interest)

• Outsourced emergency lending programs to private contractors, who in turn received low-interest and secret loans.

• No-bid contract to manage the bailout of AIG

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

$16T ?? I can't even conceive of what they must have used for assets.