Tuesday, November 18, 2008

Bernanke is a Lying Criminal - Congress Stands Down

http://www.bloomberg.com/apps/data?pid=avimage&iid=i.ZHL_Ry0S3Q

Come on Dr. Paul. Don't spend all your allotted time in lecture mode.
Although your words need saying, they only give you 5 minutes.
You got in one question, Bernanke lies and then time's up.
Hit Bernanke hard with the tough questions. Fast.
Make him answer.

Who owns the Fed and how are they profiting from this scam?
What percentage of the national debt is interest owed to the Fed for their worthless fiat money?
We want in writing the details of all transactions in this $2 trillion debacle. Now.
Will you, Mr. Bernanke, step down and see if anyone else can do better?
Chairman Bernanke, we know you are a professional criminal and liar but for once will you come clean with the American people?

The dollar is dead and so is Congress.


Ron Paul lectures and questions Bernanke

November 18, 2008 House Financial Services Committee

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By Steve Matthews and Craig Torres

Nov. 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank won't disclose details of the $2 trillion in emergency loans of taxpayer funds because doing so would stigmatize banks needing the money.

``Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,'' Bernanke said today to the House Financial Services Committee. ``We think that's counterproductive.''

Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bank rescue plan. Two months later, as the Fed lends far more than that in separate lending programs that don't require lawmakers' approval, Bernanke said too much disclosure would harm the borrowers. more

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Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke defended their shifting bailout strategy to Congress Tuesday, resisting calls to use remaining funds to aid homeowners and automakers before the Obama administration takes charge in January.

Paulson told the House Financial Services Committee that buying rotten assets -- the original intent of the $700 billion bailout effort that was scrapped last week -- would have required a "massive commitment" the government just couldn't make. The remaining $350 billion of the initial authorization "simply isn't enough firepower," he said.

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The Fed owns Congress.

As the old saying goes "Thick as Thieves"

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