In a comprehensively documented rebuttal, Bloomberg rips apart Bernanke’s apologia for bailing out TBTF banks in secret, showing how the Fed did indeed send them billions, covered it up, then lied to Congress and the public about it.
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This is from Karl Denninger. He co-founded the Tea Party specifically in opposition to the theft of taxpayer money to bail out failed companies and recently blasted its current incarnation as being about “the usual pablum. Guns, gays, God” and not about the economic crisis. The Tea Party was initiated as a political protest [...] Bank of America explains how their foreclosures are fine, just fine. Why it was just last week BofA was squawking about how error-free their foreclosure process was, no problems here, thanks for asking. Now that they’ve deigned to actually examine their foreclosures, they now say, oopsie, pesky bookkeeping errors were happening all over the [...] Pass the popcorn, this going to be fun. Hey, if this populist crap doesn’t stop, we could both be job hunting soon Bernanke Senate confirmation in peril. The vote has been delayed, always a telling signal that the votes might not be there. Geithner reportedly told Wall Street that Obama is sacrificing good policy for politics. Most illuminatingly, Treasury has twice not [...] The web of known parties guilty of fraud, coercion, or securities manipulation keeps getting bigger … I am 100% in favor of allowing Geithner to defend himself … In a court of law, for securities fraud. And as I have stated before Paulson, Bernanke, and Bank of America ex-CEO Lewis as well. So says Mish, [...] And remove him and the do-nothing Congress from power. So says this great rant, which is not from a leftie, not at all. Just someone furious at the destruction of our economy and continuing massive theft by the ultra rich from the rest of us. We’re going into a period of social and [...] Exclusive from FDL. The more the merrier, I say. From his Senate website Sen. Bernie Sanders Wednesday placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. “The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the greed of Wall Street [...] There is blood in the water… that of Ken Lewis, and the sharks are all over it. The latest to join the dismemberment party of one Bank Of America Chief Executive Officer, is New York Representative, and Chairman of the Committee on Oversight and Government Reform, Edolphus Towns. Towns just told BofA and Lewis [...] |  | ||||
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