[quote=Allan from Fallbrook][quote=Arraya]Spitzer got yanked offstage with a giant hook, Vaudeville-style.
The fact that he is back fighting the Fed means something. Juxtapose that with the Feds battle with congress as well as Bloomberg’s means we have a silent coup going on.
They are hiding 2 trillion tax payer money and won’t let anybody know where it is because there could be “severe economic consequences”
In a way, they are threatening the country with financial destruction if they are forced to be transparent.
This is the biggest story of the year because it goes the heart of the economic debacle.
I bet Geithner is gone in a year, Rumsfeld-style…[/quote]
Cuomo is going on the warpath also. This has the potential to get truly ugly. Once that curtain hiding the FED gets torn back, a lot of nasty stuff is going to come out.
I’m very interested in hearing Ken Lewis’ take on how he was railroaded by Bernanke and the gubment into buying Merrill. Some of what he is saying comes perilously close to accusing Bernanke of violating disclosure laws.
If Obama gets forced into appointing a special prosecutor to investigate, the fun will really start. I don’t see it happening, but it’s fun to think about.
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I initially though Ken wasn’t kidding about being strong armed. But at this point, his statements have so many inconsistencies. For example, he said that he knew nothing about the Merill losses and bonuses…However as part of an acquisition, you’d think they’d be doing their due dilligence. Not to mention that the Ex-Merill CEO disputed that claim… It was quite interesting how that weekend went down (LEH failure(. Tt happened so quickly. If i were to guess, I’d say no on being strongarmed, yes on collusion between BAC,Fed, and MER.
I don’t think Obama would be doing any serious prosecution investigation. He’s probably as dirty as everyone else. What I’m waiting for is that someone uncovers some corruption dirt on him. Wall Street (who orginally backed him) hate him now…It’s going get really interesting what happens moving forward.
