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EducateWorthington.org

The 912 Project - Glenn Beck

912 Group of Central Ohio

Please let me know if you'd like your link added

What Does Senator Bunning Know, And, More Relevantly, What Does The Just Disclosed Fed Whistleblower Know?

First, watch the below video. Note Senator Bunning's agreement with Zero Hedge on who the proposed head of the Fed should be (i.e., John Taylor). But that's irrelevant. What is - at 5:40 Bunning says that "Geithner will be fired by the President for his inability to handle his job as Secretary of the Treasury." True. What is even more relevant, and hints at a potential smoking gun, begins at 8:00 "[Bernanke's] staff did not agree with him [on bailing out AIG]...I am talking about an email that he sent his staff, after his staff recommended that the Federal Reserve not touch AIG, just like Lehman Brothers."

Bunning Video

[Facing growing evidence of secrecy in AIG bailouts, Geithner is expected to reveal little]

Secrecy is a synonym of transparency, right?

Word is Geithner is going to take the fall while Bernanke gets another term.  Can we take Rep. Cummings' statement below to mean that Obama doesn't have control over his cabinet?

Geithner to answer critics on AIG bailout secrecy
Facing growing evidence of secrecy in AIG bailouts, Geithner is expected to reveal little

The money went to banks to buy bonds AIG had insured. The banks already had cash AIG had posted as collateral when the bonds' values declined. In exchange for the money, the banks agreed to tear up AIG's insurance obligations.
...
The lawmaker who first requested that audit said secrecy at Treasury and the Federal Reserve are undermining President Barack Obama's effort to shore up the sluggish economy.

"When people start to question whether there is transparency, it's hard for the public to be 100 percent on board," said Rep. Elijah Cummings, D-Md.

Compare coverage of Geithner to coverage of Bernanke here.  Are we really expected to believe that they operate independently?
Fed mulls exit plan as Bernanke awaits 2nd term

The entire piece is worth the read. 

Congress is on the right track and needs to reveal the truth regarding the roles of the Fed and the Treasury under the Bush and Obama administrations.

Secret Banking Cabal Emerges From AIG Shadows

The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system -- apart from the matter of AIG’s bailout -- deserves further congressional scrutiny.
...
Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the Trilateral Commission.

Yet when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.