Link: http://www.alternet.org/economy/153274/6_shocking_revelations_about_wall_street%27s_%22secret_government%22/

Snippet:

“While Henry Paulson (Bush’s Secretary of the Treasury) was informing Congress and the public that only minor reforms were needed to protect Fannie and Freddie from collapse, he met secretly with leading Wall Street hedge fund managers -- among them his former colleagues at Goldman Sachs -- to alert them that he was about to nationalize the giant mortgage companies – a move that would eradicate nearly all the stock value of the companies. This information was enormously valuable because it allowed these hedge funds to short Fannie and Freddie and thereby make a fortune.”

Question:

Isn’t this precisely why Martha Stewart was sent to jail?

Link: http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

Snippet:

“No Clue

Lawmakers knew none of this.

They had no clue that one bank, New York-based Morgan Stanley (MS), took $107 billion in Fed loans in September 2008, enough to pay off one-tenth of the country’s delinquent mortgages. The firm’s peak borrowing occurred the same day Congress rejected the proposed TARP bill, triggering the biggest point drop ever in the Dow Jones Industrial Average. (INDU) The bill later passed, and Morgan Stanley got $10 billion of TARP funds, though Paulson said only “healthy institutions” were eligible.

Mark Lake, a spokesman for Morgan Stanley, declined to comment, as did spokesmen for Citigroup and Goldman Sachs.

Had lawmakers known, it “could have changed the whole approach to reform legislation,” says Ted Kaufman, a former Democratic Senator from Delaware who, with Brown, introduced the bill to limit bank size.”

Question:

So, if the FED has this kind power (and they do, believe me), why not just have the U.S. government report directly to the FED? (Maybe they do!)

And now, over to you, Europe.

Link: http://www.spectator.co.uk/essays/all/7378428/europes-hit-squad.thtml

Snippet:

“Democracy is viewed with caution — even distaste — by the Frankfurt Group, as are the markets. Juncker’s own views on pesky voters are famous since he phrased the problem of government thus: ‘We all know what to do, but we don’t know how to get re-elected once we have done it.’

We can now see a solution to the Juncker problem. You just enstool various leaders who were not properly elected in the first place and who won’t be seeking votes again. And have them do what you like.”

Question:

When you “match” this so-called “Frankfurt Group” with the U.S. FED, what do you get?

Answer:

Whatever those two want.

Comment:

So, do they have it right?

Do they know what they are doing?

Or have they lost control?

Methinks the latter, and they are presently “flying by the seat of YOUR pants”!

Good Luck to all!