February 11, 2007
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
10 comments:
Fed Governor Susan Bies to resign in March and NOT attend the March meeting. Her tenure was to run through January of 2012. She was considered THE expert in banking and risk management. It makes you wonder if she sees the implications of falling house of cards on the horizon.
Also of note was the last paragraph of the article, which I am sure won't draw much attention from the MSM, but should:
"Her departure comes amid an unusual amount of turnover at the central bank. The Atlanta Federal Reserve Bank announced a new president on Thursday and the heads of both the Chicago Fed and Boston Fed have announced they will step down this year."
Um, why are all the employees Black? That place needs to be sued for discrimination!
I'm callin' the ACLU......where's Jesse Jackson, or the Rev. Al?
All the employees aren't Black! some are Jamaican,Cuban,Puerto Rican,Bahamian.etc There are plenty of white folks that work there. They are are in the back filing paperwork, making copies, and answering the phone. The rest took the day off for a golf outing.
You are just too used to seeing too many caucasians on TV. Just focus on housing and not on race because David Lereah and Alan Greenspan don't care what color you are as long as your money is green and continue to beleive in the NAR.
Trust me Suzanne reserched this!
RayNLA
Your taxes will be bailing this "bank" or whatever it is. If they have a mortgage, they won't riot is the reasoning, I guess.
Susan Bies suddenly quitting?
I wonder if she sees the entire Fed Board under Congressional subpoena and potential criminal indictment in 2009......
I wonder if, like Rumsfeld's offices, the shredders are working overtime?
Looking at the turmoil at the Fed, I wonder if one has to consider the potential probability of the Mother Of All Accounting Frauds.
I'm not one of of those goldbug nuts who screams "fiat currency evil" at the mention of the Fed, but one must consider the possibility of some insider "hacking" or mismanagement or manipulation, like with Fannie Mae.
Now being really really tinfoily....... I wonder if NSA hacking was discovered in the Fed's computer system, enabling creation of money for untracable "black ops" funding without Congressional appropriation. Easier than dealing drugs, no?
Remember that the ultimate right to create money comes from banks' deposits with the Fed reserve. If some bank mysteriously happens to get some more money.
Jimmy cracked corn......and i don't care!
mo money, mo money, mo money...
Hey! Where 'da white whimin at?
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