Fortis Bank SA/NV was a large Dutch-Belgian banking and insurance conglomerate, the 20th largest revenue-generating company in the world in 2007. It assumed a conspicuous degree of debt-driven ‘underwater status’ during the global financial crisis – and ended up receiving billions in bailouts from various government entities, including the U.S.

Bloomberg  Nov 28, 2011 :                                                                                                    “Fortis Bank SA/NV, the banking unit of Brussels-based Fortis, was broken up after getting 7.2 billion euros ($10.3 billion) of capital from the governments of Belgium and Luxembourg in September 2008. It was later nationalized. Belgium sold a 75 percent stake in the bank to Paris-based BNP Paribas SA in an all-stock transaction that took seven months to complete. In a 2009 report, Fortis disclosed borrowing as much as 58.7 billion euros from the emergency liquidity lending facilities of the Belgian and Dutch central banks in October 2008. Data show Fortis Bank also tapped the U.S. Federal Reserve’s discount window, taking a $7 billion overnight loan on Sept. 29, 2008, and as much as $26.3 billion in February 2009 from the Commercial Paper Funding Facility and Term Auction Facility.

Peak Amount of Debt on 2/26/2009: $26.3B
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The Federal Reserve’s “secret liquidity lifeline” bailouts of U.S. and foreign banks set the stage for a gradual, long-term erosion of the U.S. Dollar.

American citizens indirectly financed those massive ‘free money’ Wall Street financial sector bailouts through a loss of U.S. Dollar purchasing power.

American families deserve nothing less than the same access to credit that U.S. and foreign banks received during the global financial crisis of 2007-2010. It is time to restore American families to economic “health.”                                      

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2022 (3916 downloads)