In Fed We Trust

In Fed We Trust

Ben Bernanke's War on the Great Panic

Book - 2009/08/04
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Examines Ben Bernanke's philosophy and actions during the early stages of the "great panic" and discusses the powers of the Federal Reserve Bank.
Publisher: New York : Crown Business, 2009/08/04
Edition: 1st ed
ISBN: 9780307459688
Branch Call Number: 332.1109 WES
Characteristics: xii, 323 p. ; 24 cm


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May 17, 2014

This book is such a complete and total crock: Bernanke, prior to testifying before congress, had to call in the so-called experts to brief him on credit derivatives and securitizations, of which he was clueless. His Quantitative Easings [I, II, III and ?] simply paid the super-rich again, after they profited numerous times from those credit derivatives, now called toxic assets, but really simply junk paper! Not only did and does the Fed buy up those credit derivatives now deemed toxic, but they actually pay interest to the banksters for receiving said monies from the Fed! Whatever the truth is, it will never come from Wessel! [Important to understand that the critics of credit derivatives, like Warren Buffet, were the same forces behind their adoption: Buffet was chairman of Salomon Brothers, one of the five Wall Street firms which lobbied for their adoption and removal of legal risk [their lobbyist group was called the Derivatives Research Group]. All Bernanke did was oversee the greatest wealth theft [the media calls it wealth transfer???] in history - - should be stocked in the fiction section.


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