See Clusterstock post here . Something tells us the Bernanke, Paulson, Ken Lewis conspiracy is just the tip of the iceberg.  We’ll be needing current Treasury players under oath too soon.

“Hank Paulson has recanted on what he  told Andrew Cuomo, which was that Ben Bernanke asked him to threaten to oust Ken Lewis and the Bank of America board if Lewis decided not to go forward with the Merrill deal.”

and here:

“So far, all we have is the Bank of America (BAC) CEO’s story, but if Attorney General Andrew Cuomo is actually serious about figuring out what happened, then he has to get both Ben Bernanke and Hank Paulson under oath. And if there are serious disagreements between what they say and what Lewis is saying, then someone’s committing perjury.”

As Bill Black said:

“This whole bank scandal makes Teapot Dome [of the 1920s] look like some kid’s doll set. Unless the current administration changes course pretty drastically, the scandal will destroy Barack Obama’s presidency.”

More on this topic (What's this?)
JIM GRANT SAYS THE FED KNOWS NOTHING
Is the Fed Happy with the Crappy Economy?
THE END OF KEYNESIANISM?
Read more on Federal Reserve, Bank of America at Wikinvest

2 Comments on “Time to get Bernanke under oath”

  • I couldn’t agree more.

    This one they don’t get away with.

    No more.

    If Obama doesn’t get out and directly, immediately, transparently lead a public investigation it will infect his Administration.

    Gentlemen. You integrity has been impinged and you’ve got some explaining to do.

  • Per findlaw.com:

    Aiding and Abetting/Accessory
    ——————————————————————————–
    A criminal charge of aiding and abetting or accessory can usually be brought against anyone who helps in the commission of a crime, though legal distinctions vary by state. A person charged with aiding and abetting or accessory is usually not present when the crime itself is committed, but he or she has knowledge of the crime before or after the fact, and may assist in its commission through advice, actions, or financial support. Depending on the degree of involvement, the offender’s participation in the crime may rise to the level of conspiracy.

    For example, Andy draws a floor plan of a bank, knowing of Dan’s intention to rob it. After Dan commits the robbery, Alice agrees to let him store the stolen money at her house. Both Andy and Alice can be charged with aiding and abetting, or acting as accessories to the robbery.

    Read more: Accomplices, Accessories, Aiders, and Abettors

Leave a Comment