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Fed Chairman Bernanke Should Apologize to Ron Paul
Economic Policy Journal ^ | February 24, 2010 | Robert Wenzel

Posted on 02/24/2010 8:45:22 PM PST by Captain Kirk

It seems in vogue these days to apologize for wrong doings. I am not really sure why Tiger Woods apologized on worldwide television to golfers, his wife, his mother, to me, to you...to the entire world, for what appears a personal matter, but I tell you who needs to apologize publicly is Federal Reserve Chairman Ben Bernanke. He needs to apologize for his snarky, condescending attitude toward Congressman Ron Paul when Paul ,

1. asked Bernanke about allegations that the Federal Reserve was involved in funneling money to Saddam Hussein, when Hussein was a favorite of the U.S.,

and

2. asked about allegations that the Fed was involved in transferring Watergate money.

Bernanke labeled the allegations "bizarre."

Naturally, mainstream media took up on Bernanke's cue, and are reporting Paul's allegations without the back story. Here is the back story.

Fed chairman Bernanke simply doesn't know Fed history as well as Ron Paul (Or the history conveniently slipped his memory). As far as Watergate, I always thought it was pretty common knowledge that the money ended up in the burglars' hands through some pretty fishy means. Even wikipedia has part of the story:

[Watergate burglar Bernard] Barker had attempted to disguise the origin of the funds by depositing the donors' checks into bank accounts which (though controlled by him), were located in banks outside of the United States. What Barker, Liddy, and Sloan did not know was that the complete record of all such transactions are held, after the funds cleared, for roughly six months. Barker’s use of foreign banks to deposit checks and withdraw the funds via cashier’s checks and money orders in April and May 1972 guaranteed that the banks would keep the entire transaction record at least until October and November 1972.

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: balloonboy; braindeadzombiecult; federalreserve; fishlicence; icecreammandrake; morethorazineplease; paulestinians; paultards; preciousbodilyfluids; ritafromdetroit; ronpaul; rupaul; sapandimpurify; spotthelooney; watergate
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To: Captain Kirk

It is up to Paul to show them meritorious.


21 posted on 02/24/2010 9:02:08 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: HiTech RedNeck

I can - he destroyed federalism as it was originally conceived.


22 posted on 02/24/2010 9:04:04 PM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Captain Kirk
In the voice and character of your screen name.

Must. Not. Feed. Troll.

23 posted on 02/24/2010 9:04:19 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: HiTech RedNeck

The government does historical investigations all the time of past events...including World War II, atomic bomb testing, MIAs, and, as I mentioned, the Emmett Till case. Are you saying that all these inquiries were illegitimate? Even as we speak, FBI officials are opening redacted FBI files on hundreds of Americans from past decades. Do you think the government should cease all investigations of past misdeeds and unanswered questions and, if so, why?


24 posted on 02/24/2010 9:05:22 PM PST by Captain Kirk
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To: Captain Kirk

Why should I give the slightest heed to a strawman argument?


25 posted on 02/24/2010 9:06:05 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: Captain Kirk; HiTech RedNeck

I’ve used up my quota of crazy this month.
Ron Paul has exhausted all of it.
He always goes off like this, instead of sticking to the valid issue of auditing the Fed.


26 posted on 02/24/2010 9:06:11 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Captain Kirk

No, and I will not read the article. I watched Rep. Paul’s five minutes with Bernanke (it’s posted here, somewhere) . . . it was painful. The look on Bernanke’s face was priceless. You almost got the impression that Bernanke feels sorry for Paul.


27 posted on 02/24/2010 9:06:23 PM PST by 1rudeboy
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To: Drill Thrawl

Let’s try again. Do you have a fact-based argument to refute the specifics of Paul claims about Watergate? Do you have a fact-based argument on why he was wrong to raise these questions? Please enlighten the benighted with your wisdom.


28 posted on 02/24/2010 9:06:32 PM PST by Captain Kirk
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To: onyx

So....you just make wild hit and run charges about somebody character and then when asked to back up your case you run away?


29 posted on 02/24/2010 9:09:01 PM PST by Captain Kirk
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To: Drill Thrawl
Do NOT click the following link, I'm warning you!

http://www.youtube.com/watch?v=WiFwwo4iqms

30 posted on 02/24/2010 9:10:49 PM PST by 1rudeboy
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To: Captain Kirk

I made my case. Bernanke has absolutely no reason to respond to Ron Paul’s crazy requests. Paul needs to first mkae his case. Where’s the evidence?


31 posted on 02/24/2010 9:10:49 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: 1rudeboy
No, and I will not read the article

Of course you won't bother! That would be the adult thing to do. Your approach is to call people names in drive-by style and then run away when challenged. Please forgive me for confusing you with the facts.

32 posted on 02/24/2010 9:11:46 PM PST by Captain Kirk
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To: onyx; freedumb2003; SoCalPol; fieldmarshaldj

Aw, geez...not this *&*^$* again.


33 posted on 02/24/2010 9:12:34 PM PST by Allegra (It doesn't matter what this tagline says...the liberals are going to call it "racist.")
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To: Allegra; freedom2003; SoCalPol
Aw, geez...not this *&*^$* again.

Afraid so. It never stops.

Paul followers think he's the living end.

Never mind that Obama is bankrupting the nation.

Ron Paul is onto yet another "conspiracy" and cover-up.

34 posted on 02/24/2010 9:16:37 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Captain Kirk
Oh, shut up.

Ron Paul grills Bernanke: Wasn’t the Fed involved with Saddam and in Watergate? [Free Republic]

I watched the videotape.

35 posted on 02/24/2010 9:16:40 PM PST by 1rudeboy
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To: iowamark; Captain Kirk

Your post is nothing but a smear. Perhaps you would like to add the ever-popular “racist” and “sexist”?


36 posted on 02/24/2010 9:19:30 PM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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To: 1rudeboy

Now, THAT was funny. Thanks, I needed that.


37 posted on 02/24/2010 9:19:31 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: onyx

There are many, many cover-ups in Washington, but I don’t know if this is one of them. In any event, even if it is there are far fresher and more serious crimes by the Fed and other agencies that need attention.


38 posted on 02/24/2010 9:22:20 PM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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To: achilles2000

Indeed and it is imperative that cover-ups and transgressions in the present administration garner our immediate attention.


39 posted on 02/24/2010 9:27:54 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: onyx

Ditto onyx. Watching that video of Paul with Bernanke, whom I believe is a moron, reminds me of the first time I saw Lyndon LaRouche on television in the 1980’s.

What a loon was my thought even though I loved his 1984 rant that CBS let him buy for thirty minutes when he called the Mondale/Ferraro ticket “that neo-Nazi and his slum lord running mate.” Great stuff.

But, he was a looney as Ron Paul.


40 posted on 02/24/2010 9:28:23 PM PST by Fledermaus (Welcome to the USSA: United Socialist States of America: Bow to The Obama!)
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