It was claimed that I stated the following:
groanup: The Fed buys bonds every time they want to boost the money supply. According to nic they get the money to do that out of the general tax fund. Right nic? I don't believe we ever heard your explanation about the mechanics of that.But I did not; do you get that? Those were groanup's own words, do you get that?
He did NOT repost, then ask about, one of several rhetorical questions I posted....he lied about and fabricated a statement (the one above in red), and attributed that to me. Claiming that I stated those words in my post #12 doesn't make it factual or true. My post in #12 actually stated the following:
QUOTE:Therefore, what is CLAIMED that I said WAS, in fact, MADE UP, out of whole cloth, as follows (once again): "The Fed buys bonds every time they want to boost the money supply. According to nic they get the money to do that out of the general tax fund. Right nic? I don't believe we ever heard your explanation about the mechanics of that.
Jamie Dimon, CEO of JPM, is a sitting director of the NY FED.
Question: Why did Bear Stearns' Chief Executive, Jimmy Cayne, get $50 million?
Grassely's interview with Kudlow last night. Grassely is the head of the Senate Finance Committee and will be grilling everyone involved in the JPM/BSC deal. MUST WATCH INTERVIEW.
http://www.cnbc.com/id/15840232?video=698522214&play=1
PAULSON DENIED ANY INVOLVEMENT IN THE DEAL!!!
PAULSON NEEDS TO TAKE AN OATH THAT HE HAD NO INVOLVEMENT.
Questions to be asked:
Why would anyone directly involved in the sub-prime fiasco at BSC get any compensation at all?
Why shouldn't they have to give back their compensation?
Why are they allowed to sell any stock at all?
Why shouldn't Bear Stearns' Chief Executive Jimmy Cayne be forced to rescind his stock to US taxpayers who will be footing $29 billion?
ENDQUOTE:
To repeat:
There is NO post, where I said that anything resembling anything like that.
There is NO POST where I ever spoke to the Fed buying bonds.
There is no post to where I ever stated that the Fed buys bonds to "boost the money supply."
There is NO post where I ever stated from where the Fed "gets the money to boost the supply of money."
And there is NO post where I ever made any statement concerning "the general tax fund."Therefore, the statement attributed to me was concocted, was and is based upon words and content about which I NEVER made any actual statements, IT IS NOT MINE OWN WORDS and ideas.....BUT OTHERS. It's really not that complicated. I see it all the time, YOU PEOPLE misrepresenting what your opponents state and then continue to deny that they were your own inventions.....you are unable to say "I ADMIT I LIED" or "I THOUGHT THAT'S WHAT YOU MEANT...MY MISTAKE." And if you would, yes, then EVERYONE COULD "just moves forward after that" . . . but you don't." I really don't understand why YOU expect to be able to post LIES with impunity and then CONTINUE reposting it and defending those lies and your buddies who lie. It's as if you demand the freedom to post anything you wish, and simultaneously you insist that people are free to post all the LIES they want in response.
Face it, you post crap.