Monday, October 05, 2015

Bernanke after the fact. This is YOUR AMERIKA!

Q. Should somebody have gone to jail.
Bernanke: Yeah, yeah I think so. It would have been my preference to have more investigation of individual actions as obviously everything that went wrong, or was illegal, was done by some individial not by an abstract firm.
The Chief of the murkily-owned Federal Reserve shows a level of hubris I thought I would never hear.  He knew what was going on from Hank Paulson on down the chain.    
 
In addition to Pauson blackmailing Ken Lewis, how about Senator Chris Dodd getting special gtreatment from Countrywide to buy a house in Ireland?   His mortgage rates were WAY below market mortgage rates.
 
How about Barney Frank running constant interference on anyone who pointed out FNMA was bankrupt, had no risk controls and had been turned into an overlevered MBS hedge fund run by none other than Franklin Raines?  
  Remember Frank whining on the floor of the US Senate that FNMA was solvent and even if it admitted bankruptcy it wouldn't cost taxpayers a dime?
 
Every time the crooks in Washington tried to convict a crook on Wall Street it just turned up more dirt on Congress, the Treasury, the Fed, etc....For heavens sake, Eric Holders Dept of Justice only wanted to go after S&P when they downgraded the US!!! 
 
Bernanka knows all of this.
 
Now he is just a book salesman.
 
And pure asshole.
 

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173