I know that things are really bad when I actually agree with Texas Governor Rick Perry. Perry recently suggested that the things that Federal Reserve Chairman Ben Benanke is doing amounts to treason. Naturally, the evil and treasonous Bush Family and its bootlicking minons like Karl Rove jumped all over Rick Perry for this. Partly this is out of the fact that the Bush Family machine has bet on Mitt Romney as their best chance to sneak Jeb Bush into the White House through a cabinet appointment or even the vice-presidency. More importantly, see-no-Wall-Street evil officials like Ben Bernanke, Henry Paulson, and Timothy Geithner are just the kind souless traitors on whom the Bush Family and its corrupt, criminal associates depend on to look the other way as they commit their financial crimes.
If all Ben Bernanke had to worry about was Rick Perry, he’d have it made. But Bernanke has been trying to hide the truth of the Fed’s treason ever since he stood before the U.S Congress and refused to say which banks got bailout money (our money, by the way). You, I, and the U.S. Congress aren’t the only ones who wanted to know. Bloomberg.com, hardly a gang of anti-Wall Street agitators, wanted to know to and they got some answers. Through Freedom of Information Act requests, Bloomberg discovered the big winners of Bernanke’s Bailout Bonanza. From the Bloomberg article:
“The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion…”
As the old saying goes, we’re now talking about real money. But Bernanke’s criminal behavior doesn’t stop there. Not content with merely transferring money from the poorest of Americans to the wealthiest of Americans, the Fed also decided to funnel some of the bailout money that they conned the U.S. Congress out of over to their overseas banking cronies. Again, from the Bloomberg article:
Almost half of the Fed’s top 30 borrowers, measured by peak balances, were European firms. They included Edinburgh-based Royal Bank of Scotland Plc, which took $84.5 billion, the most of any non-U.S. lender, and Zurich-based UBS AG (UBSN), which got $77.2 billion. Germany’s Hypo Real Estate Holding AG borrowed $28.7 billion, an average of $21 million for each of its 1,366 employees.
The largest borrowers also included Dexia SA (DEXB), Belgium’s biggest bank by assets, and Societe Generale SA, based in Paris, whose bond-insurance prices have surged in the past month as investors speculated that the spreading sovereign debt crisis in Europe might increase their chances of default.
It’s hard for the ordinary person to wrap their head around these kind of numbers, so Bloomberg puts it into perspective, thus:
The balance was more than 25 times the Fed’s pre-crisis lending peak of $46 billion on Sept. 12, 2001, the day after terrorists attacked the World Trade Center in New York and the Pentagon. Denominated in $1 bills, the $1.2 trillion would fill 539 Olympic-size swimming pools.
Of course, none of this would have been possible without former Treasury Secretary Henry Paulson who saw the subprime mortgage meltdown as the perfect opportunity to commit theft against future generations of Americans (our children and grandchildren) on a scale without precedent. Paulson at a lied to the U.S. Congress and at a minimum is guilty of fraud, since one of the TARP money was actually used for what Paulson said it would be, As Michael Lewis wrote in The Big Short:
“by late September 2008, the nation’s highest financial official, U.S. Treasury Secretary Henry Paulson, persuaded the U.S. Congress that he needed $700 billion to buy subprime mortgage assets from banks…Once handed the money, Paulson abandoned his promised strategy and instead essentially began giving away billions of dollars to Citigroup, Morgan Stanley, Goldman Sachs, and a few others unnaturally selected for survival.”
So when Rick Perry say that Ben Bernanke is a traitor, he is exactly right. Perry is only wrong in singling out Ben Bernanke. At a minimum this list should include Alan Greenspan, Henry Paulson, Timothy Geithner, Larry Summers, and former Senator Phil Gramm. Has any of these men been charged with any crime, much less the treason they are guilty of?
Of course not!
Liars of the Left 