Trichet Says 'No Haircuts' For Billionaire Bondholders: "The Plan For Ireland Has Already Been Approved By The World"
Words, like body language, can be subtle.
Panic kicks in at 22 seconds.
Editor's Note: Though Hank Paulson is not involved in this story, he remains guilty of crimes against humanity and taxpayers. Call it Daily Bail subliminal messaging, only less subliminal and more of a 'headline lead.' Paulson's crimes are outlined here.
It's long past time for jail sentences and orange jumpsuits.
Obama With Bill O'Reilly: "The United States Can't Dictate What Happens In Egypt" - Super Bowl Interview: Full Video
Video - Bill O'Reilly Interviews President Obama - Feb. 6, 2011
Relative to most other Presidential sit-downs, this is quite tolerable. O'Reilly is not shy about interrupting anyone, and the Deficit President is treated no differently. Broadcast yesterday afternoon before the Super Bowl. On Egypt, Mubarak, economy, jobs, taxes, healthcare and the Constitution.
Several links inside.
Editor's Note - Bernanke's lies yesterday on Fed transparency pissed me off mightily, so we're republishing another case of Federal Reserve non-transparent corruption. Wait until you read this one. Audit the Fed anyone?!!!
This is a living, breathing advertisement for the need to have absolute transparency in all future Fed rescues. Geithner is the guilty party. His criminal transgression was aiding and abetting 'concealment of toxic assets.' The FRBNY helped Lehman disguise the true nature of its massively insolvent balance sheet, accepting a bundle of Lehman's worst assets, named Freedom CLO.
These were the same assets that Citigroup called 'junk' and said were 'impossible to value,' when refusing to accept them as collateral from Lehman. That didn't stop the New York Fed from accepting these assets in exchange for cash.
The rub for Geithner is the following: he knowingly allowed the largest and most important of the twelve Federal Reserve banks to be used as a "warehouse" for junk loans, even though guidelines say only investment grade bonds may be accepted. So Geithner violated the Fed's internal restrictions in order to help make Lehman look less insolvent.
Is anyone surprised. Just another reason our Treasury Secretary belongs in jail.
Fed traders Blake Gwinn and James White in the Operations Room.
That's it. That's the room where Bernanke's magic happens. Incredibly underwhelming for money printing ground zero. Maybe next year, the Helicopter will drop some cash for new computers. Reminded me of this story...
There are quotes from the Fed's head trader Brian Sack, though there is no mention or explanation of his meetings with Goldman Sachs FX Committee, as Zero Hedge detailed recently.
Full profile from the NYT inside, and more - video, links, QE2 infographic.
MUST SEE RATIGAN BOMBSHELL: How The Federal Reserve & Wall Street Banks Are Destroying The Dollar, Ripping Off Taxpayers, Disrupting The Food Chain And Sparking GLOBAL Revolution (With Bill Fleckenstein)
Video - Dylan Ratigan with Bill Fleckenstein - Feb. 3, 2011
PLEASE watch this clip from yesterday's show. All the intricate pieces of the puzzle are laid before you.
- "We reject Ben Bernanke's rejection of the premise, and here's why..."
Why were bank bondholders made whole, while taxpayers got shafted? Bernanke has never answered publicly. Any doubts about fair play on Fed transparency will evaporate as you read the following.
Updated on Feb 3, 2011 at 9:33 PM by DailyBail
A newly transparent Federal Reserve after last month's document dump? Don't believe the hype. Bloomberg examines what the Fed still doesn't want you to know, even in violation of Dodd-Frank requirements for disclosure.