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How The Fed Was Born

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Reader Comments (16)

Bailed-out Bank of America has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vital, sources tell The Post.

Among those who are said to have received payouts are two former Merrill Lynch bankers, Fares Noujaim, who was recently appointed as BofA's vice chairman of investment banking, and Harry McMahon, a well-connected West Coast-based banker. Both were offered guarantees not to leave the firm.

Noujaim, a former Bear Stearns banker who joined Merrill last year, is said to have received roughly $15 million over two years.

Jun 18, 2009 at 9:38 AM | Registered CommenterDailyBail
Obama's getting hurt by his massive deficits as I wrote would happen months ago.

Jun 18, 2009 at 9:39 AM | Registered CommenterDailyBail
New financial regulations do not touch S&P and Moodys...it's business as usual.

Jun 18, 2009 at 9:40 AM | Registered CommenterDailyBail
Sheila Bair not invited to the new regulation party.

Jun 18, 2009 at 9:41 AM | Registered CommenterDailyBail
Jun 18, 2009 at 9:41 AM | Registered CommenterDailyBail
Why Obama blinked on merging regulatory agencies...politics.

Jun 18, 2009 at 9:42 AM | Registered CommenterDailyBail
Lord of the Flies or Rawls' Original Position?
Jun 18, 2009 at 1:08 PM | Unregistered CommenterTyler
If Tyler means the "veil of ignorance," by which individuals are completely in the dark as to their abilities and intelligence, then I'd say you've got the Fed in a nutshell. Total veil of ignorance. From the start. By design?
Jun 23, 2009 at 12:46 AM | Unregistered CommenterJames H
In the state of nature, it might be argued that certain persons (the strong and talented) would be able to coerce others (the weak and disabled) by virtue of the fact that the stronger and more talented would fare better in the state of nature. This coercion is sometimes thought to invalidate any contractual arrangement occurring in the state of nature. In the original position, however, representatives of citizens are placed behind a "veil of ignorance", depriving the representatives of information about the individuating characteristics of the citizens they represent. Thus, the representative parties would be unaware of the talents and abilities, ethnicity and gender, religion or belief system of the citizens they represent. As a result, they lack the information with which to threaten their fellows and thus invalidate the social contract they are attempting to agree to.

From Wikipedia
Jun 23, 2009 at 1:08 AM | Registered CommenterDailyBail
If the Federal Reserve concept has you baffled, you must read THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin. This book may be purchased from American Media, P.O. Box 4646, Westlake Village, California 91359-1646. It is a thoroughly researched and well written expose of the Federal Reserve and decribes how the Reserve is not part of government at all but is simply a group of private bankers who have managed to fool Congress and the American people into allowing them to print paper money and then charge all of us exhorbitant interest for same.
Jun 23, 2009 at 10:05 AM | Unregistered CommenterWendy L.
The FED came about as part of the WZO initiated Balfour Declaration, an accomodation by the UK, who was preparing to end WW I through a "gentleman's" surrender to Germany (read Benjamin Freeman's 1961speech on this topic at Sweet Liberty), to set aside the colonized lands belonging to Palestinians and have them transferred to the WZO Bankers cult of Gypsies - a people without loyalty to nation and a dominion heretics' disregard for the laws of men.

At the time, and just as it was before the US entered WWII, the US populace was against the UK on the side of Germany. The sayans of the WZO persuaded the UK ministries not to surrender with the promise of finance for rearmament and the entry of US blood and treasure into the fray.

To do this, the WZO's media sayans in the US delivered the necessary commentary with the false surveys of US desire. Their main sayan, Justice brandies of the US supreme court assured Woodrow Wilson would break his promise not to enter the war and his support for the usury infrastructure necessary for the WZO finance, the Federal Reserve Act, by showing Wilson a few photographs and affidavits of his "Monica" doing embarrassing unspeakable breaches of Victorian conduct with Woodrow in the hat room.

Wilson caved, WWI was extend by years, Millions of Americans died and the Federal Reserve was born. The accommodation demanded by the Balfour Declaration was codified in the first act of the UN, an act that created the abomination commonly called the State of Israel, out of thin air,on the homelands of the true descendants of Abraham and Jesus, the Palestinians.

Goes a long way in explaining why all those Zionist Madrassa's have at least one hall named after Woodrow Wilson and Justice Brandies!
Jun 23, 2009 at 4:55 PM | Unregistered CommenterCadavre
Write The Caption For This Pic Of Bush, Paulson & Bernanke

Jan 23, 2011 at 12:39 PM | Registered CommenterDailyBail
The Fed is a branch of the operations of the big central bank. Please keep your eye on the fact that regulations have not been changed nor laws enforced by the SEC and FTC (Who now have a British agent as a senior official) and a new generation of pirates (Call them the second string if you want.) is backing their cars up to Wall Street back doors and is filling their cartrunks with the honest coin of the realm and heading for the Caimans. That's recolonization bubba. Obama is one of them. Lobotomy and all.
Jun 27, 2011 at 4:50 PM | Unregistered CommenterHoward T. Lewis III
Don't worry about missing billions the FED can print more.

Maybe they can create WMDs too.

Jun 27, 2011 at 7:00 PM | Unregistered CommenterTR
Just wanted to point out regarding the Tom Heneghan response... This person openly supported an FBI Cointelpro douche named Stew Webb who spews all kinds of disinfo online and on talk radio shows. This does not bode well for any so-called intelligence Heneghan wishes to share with you. DISCERN people!
Jun 28, 2011 at 9:27 AM | Unregistered CommenterLarry Lawson

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