Former United States Treasury Secretary Henry Paulson and current Federal Reserve Chairman Ben Bernanke are under investigation by New York Attorney General Andrew Cuomo for threatening to remove Ken Lewis, President of the Bank of America (BOA) and the entire Board of Directors if they refused to purchase Merrill Lynch late last year.
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Do you understand what I am saying? These two told a private company that they had to buy another private company or they would lose their jobs. But that is the tip of the iceberg. I don’t know about Bernanke, but Paulson knew that when they were forcing BOA to buy Merrill Lynch, that Merrill Lynch had unreported losses of around $15 billion dollars. Ask yourself this…Is that not securities fraud? Why aren’t these guys in jail right now? Also ask yourself this:
Paulson, Bernanke Indictment?
– By Jonas Clark, TheVoiceMagazine.com
Does the government have power to force corporations to buy failed companies? In an account released by New York Attorney General Andrew Cuomo the former United States Treasury Secretary Henry Paulson and the Federal Reserve Chairman Ben Bernanke threatened to remove Ken Lewis, president of the Bank of America and the entire board of directors if they refused to purchase Merrill Lynch late last year….click here to read the rest of the story
All I can say is: ‘ain’t karma a bitch?’ Of course in my cynical mind I doubt that they will ever be charged and even if they were I would suspect that Obama would pardon them if they were ever found guilty.
I want to leave you with a video from Max Keiser on the Financial Armageddon that we are all facing:
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