Posted on 01/27/2010 11:29:29 AM PST by rxsid
What Does Senator Bunning Know, And, More Relevantly, What Does The Just Disclosed Fed Whistleblower Know?
Tyler Durden on 01/26/2010 19:59 -0500
First, watch the below video. Note Senator Bunning's agreement with Zero Hedge on who the proposed head of the Fed should be (i.e., John Taylor). But that's irrelevant. What is - at 5:40 Bunning says that "Geithner will be fired by the President for his inability to handle his job as Secretary of the Treasury." True. What is even more relevant, and hints at a potential smoking gun, begins at 8:00 "[Bernanke's] staff did not agree with him [on bailing out AIG]...I am talking about an email that he sent his staff, after his staff recommended that the Federal Reserve not touch AIG, just like Lehman Brothers."
Ok fine, so Bernanke steamrolled opposition: that's nothing new - whoever thought the Fed is any more democratic than the country it is supposed to serve, surely is naive. Here is HuffPo's Ryan Grim on the matter:
A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents provide "troubling details" of Bernanke's role in the AIG bailout.And as we type, Harry Reid has noted that he wants to get a reconfirmation vote on Bernanke on Thursday - presumably before all the rot that will soon be uncovered about yet another Bernanke fiasco is made public. Hopefully the man who owns roughly $3 million in commercial real estate and is thus a direct beneficiary of a Bernanke reconfirmation, has done his math on senatorial support. A key question however is: shouldn't the debt ceiling issue be resolved first - after all the fact that our national debt "ceiling" is nothing but a joke these days, is a direct consequence of Fed policies to pile bail out upon bail out. It also leaves the question open of what additional information has to still be presented.Sen. Jim Bunning (R-Ky.), a Bernanke critic, said on CNBC that he has seen documents showing that Bernanke overruled such a recommendation. If that's the case, it raises questions about whether bailing out AIG was actually necessary, and what Bernanke's motives were.
http://www.scribd.com/doc/25877786/ISSA-BUNNING
The take home message: the Fed has finally produced a whistleblower. Could this be the catalytic event that brings the house of cards down."
More:
http://www.zerohedge.com/article/what-does-senator-bunning-know
"What Does Senator Bunning Know, &, What Does The Just Disclosed Fed Whistleblower Know?"
Holy crap- I’m just listening to the testimony now on cspan3- there is a lot of discussion by Rep Issa about this coverup re: letting AIG go bankrupt.
I think all hell is about to break loose...
what?
Bailout? Bernanke? Scandal?
surely this couldn’t be the case...
TARP was the most disgusting betrayal of the American People I had ever seen......(I make exception for 90% of everything Obama has done or said, of course...)
HUUUMMMM...veeeerrry in-ter-est-ing.
Shot across the Dum bow?
We know where your skeletons are hiding.
over here...
It’s all simmering...
I see Bunning still remembers how to throw high and inside...
I hope so...I want people behind bars.
http://plus.cnbc.com/rssvideosearch/action/player/id/1396097185/code/cnbcplayershare
Yep- I see that.
This is amazing- and so are the comments at the article.
I sent the link to Drudge...something’s up..and Issa is on it.
Hey, thanks girl. I was all alone on that other thread!
a reply
I’m listening as well.
Biggest theft in the history of the world.
I’m listening as well.
Biggest theft in the history of the world.
Wow first the release of the Climate Research Unit data just in time to torpedo the Global Warming Summit, and now this to torpedo Bernake before his reconfirmation — not to mention of the day of Obozo’s SOTU address.
Looks like more and more factions are gathering to counter-punch Obozo and his slimy agenda ...
Isn’t this beyond belief, Bah?
Did you hear Issa earlier?
Have you seen THIS yet?
LOL! Whooops- wrong thread- I though you were on the semi-live thread of the hearings...just ignore previous post!
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