Bernanke Admits USDOJ should regulate banksters
Mort Zuckerman
Durlan...@yale.edu, Aa...@columbia.edu, gary_w...@nymc.edu,
scientifi...@ostp.gov, pkru...@princeton.edu,
Stanle...@fiu.edu, emcsw...@niaid.nih.gov, afa...@niaid.nih.gov,
Spin...@yahoogroups.com, kshe...@calea.org, fit...@gmail.com,
patrick.f...@usdoj.gov, model...@sbcglobal.net,
jdr...@nejm.org, let...@courant.com, Jgerb...@cdc.gov,
michae...@po.state.ct.us, con...@po.state.ct.us, executive-
edi...@nytimes.com, managin...@nytimes.com, news-
ti...@nytimes.com, biz...@nytimes.com, for...@nytimes.com,
nati...@nytimes.com, dv...@cdc.gov, brigidc...@optonline.net,
tr...@hotmail.com, illino...@aol.com, jle...@courant.com,
tinaj...@yahoo.com, jhorn...@fff.org, thomas...@usdoj.gov,
thoma...@po.state.ct.us, kur...@washpost.com,
georg...@washpost.com, p...@allegorypress.com,
commissi...@po.state.ct.us, brans...@comcast.net,
vts...@comcast.net, o...@po.state.ct.us, freet...@charter.net,
scott....@po.state.ct.us, govern...@po.state.ct.us,
attorney...@po.state.ct.us, randall...@usdoj.gov,
Robert....@yale.edu, edi...@greenwich-post.com,
harol...@yale.edu, sedm...@nswbc.org, rrmcg...@aol.com,
fr...@nytimes.com, dpr...@stmartin.edu
Cc: fra...@ucia.gov, dr-ahma...@president.ir,
eugener...@washpost.com, afa...@niaid.nih.gov,
bmi...@newstimes.com, tr...@hotmail.com, rast...@aol.com,
billc...@gmail.com, amcg...@rms-law.com, rjmu...@aol.com,
paulcrai...@yahoo.com, sidney_b...@yahoo.com,
criminal...@usdoj.gov, karla.d...@usdoj.gov,
christophe...@usdoj.gov, richar...@yale.edu,
harol...@yale.edu, james.p...@yale.edu, inq...@aldf.com,
ly...@idsociety.org, meganm...@theatlantic.com
Subject: Bernanke Admits USDOJ should regulate banksters
Date: Jan 15, 2010 5:38 AM
ARTICLE BELOW
=======================================
Banksters admit they don't know
what rules apply to what. Unclear
as to capital/risk equations.
"I'm troubled by your inability to accept the probability or certainty
that your firm would not have made it through the storm but for the
vast array of federal assistance," Angelides said. Beyond that, "you
were securitizing and underwriting packages of mortgages, and when it
was clear the market was going bad . . . you kept moving this
product."
"I know it's become part of the narrative to some extent that people
knew what was going to happen," Blankfein replied. "We did not know at
any minute what would happen next."
That's why they pay him $68 million a year.
=================================
Maybe we could get some whiz-kid with
an abacus. And maybe some physicist who
could explain E = mc (squared):
No Energy, No Product.
No Product, No Value.
No Value, No Profit to Skim.
And that, to the extent that there
are "financial services," that would
be "hold our money for us," and "exchange
these Canadian dollars, please."
The truth is that since even before
1989 (CIA created Al Quaeda to distract
Russia), these same characters were after
control of Middle East/Caspian reserves.
The truth is that the banksters
knew they/we were in trouble since before
Nixon detached the dollar from the Gold
Standard.
The truth is that Bush Senior intended
to do what Junior intended to do-
plop an IMF HQ in Baghdad for the
New World Order or Total Energy Control
of Earth. Senior was stopped from going
to Baghdad because of the bioweapons that
we sold Saddam that Saddam was deploying and
threatening to deploy against the Operation
Desert Storm soldiers.
Bush Senior's Air of Failure was followed
by his Heir of Failure.
Through Dick Cheney, through the years,
we/they had an alliance with the Israelis
(Perle, Jack Abramoff, Ledeen, etc) to stir
up trouble - funding and supplying the
"terrorists," and this same gang made money
selling weapons to the Saudi kings... in
exchange for maintaining the PetroDollar
Exchange. [Fahrenheit 911]
I would like to know how the Fed has
earned any right to be in control
of anyone's money, actually, after all
these failed and transparent skits and
stunts, like 911, and the obvious fake
crusade to bring Bush style (NAZI) "freedom"
to the Middle East:
http://www.actionlyme.org/DURHAM_BUSH_CRIME.htm
Ever since 1971 this fake Fed money, the
Petrodollar, has been nothing but trouble.
The present global commerce/economic situation,
on its face - on the surface - says "The USA
has *nothing* but Hysteria and Guns."
And the world has had to put up with wave after
wave after wave of CIA/bankster stunts and hysteria,
... for what?
So Turkey can make their pipelines deals with
Russia. Iran with China and India...
What *MERIT* does the Fed earn, such they they
should be given back the reigns on printing
and loaning "the US Government" its petrodollars...
and the never-ending skits and ridiculous stunts
and scandals... that follow the never-ending debt?
I am pretty sure the FBI would be happy if
the CIA/Banksters went away:
http://www.actionlyme.org/DURHAM_BUSH_CRIME.htm
KMDickson
http://www.actionlyme.org
=================================
http://rawstory.com/news/afp/Bernanke_says_Fed_should_keep_role__01142010.html
Bernanke says Fed should keep role as bank regulator
AFP
Published: Thursday January 14, 2010
Federal Reserve chairman Ben Bernanke said Thursday the US central
bank should keep its role as a regulator of the banking system as a
way to promote financial market stability.
In a letter to lawmakers, Bernanke argued that stripping the Fed of
its supervisory role could end up doing more harm than good.
"Elimination of the Federal Reserve's role in supervision would
severely undermine the Federal Reserve's ability to obtain in a timely
way and to evaluate the information it needs to conduct its central
banking functions effectively," he said in a paper accompanying the
letter.
Bernanke said the Fed has the "supervisory expertise" to keep this
function.
"Active involvement in supervision ensures that the Federal Reserve
will have experts on its staff with significant knowledge of banking
practices and financial instruments gained from the hands-on review of
banking organizations," he said.
"This expertise is critical to making effective use of information
about financial firms and cannot be quickly created when needed."
Some lawmakers have argued that the financial crisis highlighted the
need for stronger oversight of the financial system and that the Fed
should focus on monetary policy and interest rates while leaving
regulation to a different entity.
Bernanke added that the Fed "cannot and should not" be responsible for
regulating the entire financial system, which including nonbanking
firms such as hedge funds and others in the so-called "shadow banking
system."
But he said the Federal Reserve "is well suited to contribute
significantly to an overall scheme of systemic regulation,
particularly in the areas of consolidated supervision and
macroprudential supervision."
"[Real] scientists are *fiercely* independent. That's the good
news."-- NIH's Top Fool, Anthony Fauci