April 24, 2009 7:50 AM
Guest post: Angie – PoliticalPosts.com
No more funny stuff. The Fed is not running this country. A group of bankers with inherent conflicts of interest cannot be allowed to flagrantly attempt to manipulate our “animal spirits” to our own personal detriment.
This is a freight train coming and ladies and gentlemen … we – you and I – had better get in front of it.
NY Attorney General’s indication of interest in the intricacies of the dealings of the Fed and the Treasury are a dad gum stop sign. Cuomo’s letter to Congress is an incendiary device. Congress, Republican and Democrats, and the Obama Administration had better be part of the solution because those who get tagged as part of the problem are going to get run over by the populous.
The damage being inflected by the banking industry’s bad boys on the general economy has to be stopped. No more stalling for time while you manipulate information, obfuscate, and strong arm people into behavior that is NOT in their personal best interest.
The paralysis that these delay tactics is killing the rest of the country. The number of companies who are hanging on by their fingernails is escalating. The rest of the economy simply can’t wait/tough it out.
This dog won’t hunt. Stop trading. Send everybody home for a brief holiday and open up under new management. Sweep the toxic assets in to a pile where we will at our leisure decide whether they have any value or not.
In the mean time the rest of us poor saps will go about getting this country going the old fashion, transparent way – by working hard.
Mr. Cuomo this is your moment to shine. Step up to the microphone and demand information. Leave no stone unturned. No one is exempt.
More on this topic
(What's this?)
Another Bernanke Market Rally
(Money Morning, 1/26/12)
Fed Chairman Bernanke Said Recession Should End This Year
(Kirk's Market Thoughts, 2/24/09)
Bernanke Takes Aim on The Dollar
(Wealth Daily, 3/20/09)
Lack of Prosecution of Bank Fraud: Conflict of Interest?
(Money Morning, 2/2/12)
