Is this where Holder is going to work?
Will her Mercedes explode soon?
Does this help AIG’s case?
This is great. Confirms what everyone has suspected, and this woman is very brave to have done it as her life is now worth not even one federal reserve note, ...but...absolutely nothing will come of this. A judge will not allow any of it as evidence. The status quo will be maintained...as if it never happened. High ranking people will have to be found hanging from lamp posts with piano wire before one bit of attention is paid.
Nothing really new here - Robert Rubin, Goldman Sachs, Citigroup and repeal of Glass-Steagall Act. The following quote is from link below.
“As Clinton’s two-term Secretary of the Treasury, Rubin sharply opposed any regulation of collateralized debt obligations, credit default swaps and other so-called “derivative” financial instruments which—despite having already created havoc for companies such as Procter & Gamble and Gibson Greetings, and disastrous consequences in 1994 for Orange County, California with its $1.5 billion default and subsequent bankruptcy—were nevertheless becoming the chief engine of profitability for Rubin’s former employer Goldman Sachs and other Wall Street firms.”
http://en.wikipedia.org/wiki/Robert_Rubin
Isn’t Ted Cruz’ wife an executive with Goldman Sachs?
Have no fear.
Jack Lew will step in and make things right./s
For later......
It's not just the Fed: in the 2008 during the meltdown, Deutsche Bank submitted a valuation statement regarding their mortgage backed security holdings to the SEC that grossly overstated the value of those holdings. Two or three DB employees immediately and confidentially ratted the bank out to the SEC, and were fired from DB a few days later.
From a lawsuit several months ago we now found out that the SEC official reviewing DB's statements was none other than DB's compliance lawyer.
Regulatory capture by the big banks is 100% total. So much so in fact that most people don't know that they are not banks at all, but humongous trading companies-- 2/3 of JP Morgan Chase's assets are trading investments, only 1/3 are banking related.
Can someone please remind me why the Fed (and the Treasury) are on the hook so that these guys can bet in the Wall Street and London casinos?
Well there are rumors on the web right now that China is about to revalue gold and silver very soon (next 2 weeks), which will place the BRICS Alliance in control of the Worlds monetary system.
Some people may ask what is the BRICS Alliance.
http://en.wikipedia.org/wiki/BRICS
I will wait to make judgment until I hear from Capt. Louis Rennault.
Hey Mon, no problems, we have the FRANK-DODD super regulators and regulations to insure that there are NO MORE “TOO BIG TO FAIL” banks. Barney and Chris said so themselves in proposing and getting it passed! So, all is good!
Bookmark
Interesting. Thanks for the post; ping.
DISMANTLE the FED.
bkmk