Posted: 6/24/2009 2:31:01 PM EDT
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More Bernanke, Mr. Issa, And The Media
I'd watch the CNBC video imbedded in his story. Looks like things will be getting interesting. It relates to this: June 24 (Bloomberg) –– U.S. Congressman Darrell Issa said the Federal Reserve “engaged in a cover-up” about details of Bank of America Corp.’s takeover of Merrill Lynch & Co. The Fed “deliberately hid concerns and pertinent details” of the merger from other government agencies, Issa, a Republican from California, said in an e-mailed statement.
Bloomberg |
| Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. |
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Quoted: Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS |
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For more info on this, look through today's and yesterday's Market Tickers.
It really sounds like there is rampant fraud/embezzling going on at the highest levels of banking and in the Fed, it's been going on for quite a while, and details were deliberately hidden during all the "critical" bailouts. ETA: The Market Ticker You'll have to get into the archives for yesterday's blogs. |
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Quoted: I might even agree with you, here. Both eliminating the Fed *and* keeping the Fed the way it is right now, are preferable to turning it into some sort of regulatory agency. Doing so would be...disastrous. Like, SHTF bad. Quoted: Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS |
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Quoted: Quoted: I might even agree with you, here. Both eliminating the Fed *and* keeping the Fed the way it is right now, are preferable to turning it into some sort of regulatory agency. Doing so would be...disastrous. Like, SHTF bad. Quoted: Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS As I've said before, I like a world where the money supply is controlled by bankers, who have their personal fortunes riding on the outcome, and years of experience making less money into more.... Not slimy politicians who have no skin in the game, so long as the common masses think they give a good speech, and who's only experience with money is professionally spending someone else's.... |
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I might even agree with you, here. Both eliminating the Fed *and* keeping the Fed the way it is right now, are preferable to turning it into some sort of regulatory agency. Doing so would be...disastrous. Like, SHTF bad.
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Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS As I've said before, I like a world where the money supply is controlled by bankers, who have their personal fortunes riding on the outcome, and years of experience making less money into more.... Not slimy politicians who have no skin in the game, so long as the common masses think they give a good speech, and who's only experience with money is professionally spending someone else's.... I think you may have a point. Still, it does appear that some shady stuff has been going on and I think it does need to see the light of day, so to speak. |
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but but all the foil hatters here said it was BAD that the Fed was not really Federally owned and controlled. All the extreme tax protesters are probable buying a new brand of foil right about now.
Either get rid of it or leave it as is. Never let it become truly Federal. All the foil hatters who were pissed the Fed was not Federal again are idiots. |
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Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS Where is the real Dave_A? Somebody hacked his account? |
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 Nothing will come of this...JMO.... This.. I just heard him from the hearing..............He don't remember shit. So, Bernacke has a case of CRS (Can't Remember Shit), does his job poorly and gets to keep his job. Walpin (the IG) remebers everything, does his job correctly and gets fired? Am I trackin' or zonin'? |
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Nothing will come of this...JMO....This.. I just heard him from the hearing..............He don't remember shit. So, Bernacke has a case of CRS (Can't Remember Shit), does his job poorly and gets to keep his job. Walpin (the IG) remebers everything, does his job correctly and gets fired? Am I trackin' or zonin'? You're tracking quite well atm.  I'm not so sure this is going to fade very quickly; I think Issa has something up his sleeve in all of this. But, who the heck knows for sure.
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Quoted: Quoted: Quoted: Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS Where is the real Dave_A? Somebody hacked his account? Who are you and what have you done with Dave_A!!!! Release him immediately!!  Dave, you are exactly right. The bankers need to be bankers, making sound banking decisions. The politicians need to get their hands out of the till. The arguement has been made that much of the 'housing crisis' is due to a politician meddling with Freddie/Fannie and the ripple effects from that. Imagine if they had their greedy little paws into every aspect of banking. "what do you mean my loan hasn't been approved? I'll call my congressman!" |
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Quoted: Quoted: Quoted: Quoted: Obama wants to control through the Fed;he needs his own guy to do it;Ben is being set up for a fall.As soon as Obama rearranges the regulatory system with the Fed in charge Bernanke is gone.They cannot afford to sacrifice him now;they need him so the testimony today will just be political point scoring.They would love to nail Paulsons ass however so perjury is quite active. More accurately, Obama wants to actually CONTROL the FED, which is 100% against what the FED is supposed to be... This is why the Ronulans pet bill is getting so many (D) cosponsors.... They are nutzo enough to think they may have a chance at getting rid of the FED/killing the US economy/starting SHTF.... In reality, it's about turning the FED into a puppet of the white house... Remember: The Federal Reserve is supposed to be a politically independant organization, NOT a regulatory agency in the pocket of Congress and/or the President. Obama wants this gone, so he can use the FED to do his bidding... BAD, BAD NEWS Where is the real Dave_A? Somebody hacked his account? Who are you and what have you done with Dave_A!!!! Release him immediately!! Dave, you are exactly right. The bankers need to be bankers, making sound banking decisions. The politicians need to get their hands out of the till. The arguement has been made that much of the 'housing crisis' is due to a politician meddling with Freddie/Fannie and the ripple effects from that. Imagine if they had their greedy little paws into every aspect of banking. "what do you mean my loan hasn't been approved? I'll call my congressman!" There is a reason why I point to my long-running series of posts on the Federal Reserve whenever someone calls me a 'Government Shill'..... While I'm very supportive of the government legislating morality according to the will of the people, fighting wars, enforcing the law, and so on... I have been very consistant that NOTHING GOOD ever comes from the government meddling with money, jobs & economics... That always ends badly, every time it has been tried.... Because they never do the economically correct/profitable thing - they always do the politically popular thing... |
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Scandals are un-possible within the most transparent and ethical administration in US history. Nothing to see here. Move along. Move along. Hate to say it, but I think this happened under Bush's Watch. But still, consolidated the Census Dept under the White House Now working on the Federal Reserve Then what? |
