Is Bernanke Hiding A Smoking Gun?

Is Bernanke Hiding A Smoking Gun?

A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents provide "troubling details" of Bernanke's role in the AIG bailout.

Sen. Jim Bunning (R-Ky.), a Bernanke critic, said on CNBC that he has seen documents showing that Bernanke overruled such a recommendation. If that's the case, it raises questions about whether bailing out AIG was actually necessary, and what Bernanke's motives were. A letter Bunning sent Monday to Banking Committee Chairman Chris Dodd (D-Conn.) also refers to an "[e]mail exchange regarding restructuring of assistance to AIG, initiated by Treasury Secretary Timothy Geithner" in March 2009.

www.huffingtonpost.com...

The heat is on Bernanke...and his companion in crime...Timothy Geithner. There were plenty of threads talking about this very topic, with AIG, months ago. It's finally coming out to the forefront.

Bernanke's fate is up in the air

Federal Reserve Chairman Ben S. Bernanke's confirmation to a second four-year term, seemingly a slam dunk just a few weeks ago, now has become a true battle royal. Although Democratic Sens. Dianne Feinstein of California and Max Baucus of Montana voiced support for Bernanke on Monday, a Wall Street Journal tally showed that the Fed chief still was 20 votes shy of the 60 needed to overcome a filibuster that could block his confirmation. A total of 43 senators have said they are undecided or haven't officially commented.

Some senators may want to see whether Bernanke's image takes another hit at a House hearing Wednesday on the Fed's 2008 bailout of American International Group Inc. The hearing will focus in part on whether the Fed tried to hide details of the bailout.

Some senators may want to see whether Bernanke's image takes another hit at a House hearing Wednesday on the Fed's 2008 bailout of American International Group Inc. The hearing will focus in part on whether the Fed tried to hide details of the bailout.

www.latimes.com...

Get Bernanke OUT!!!! This man should be in prison for what he has done to our economy. After reading this article...if he is not confirmed in time...he loses his chairmanship but still will remain with the Federal Reserve. This is BS!





[edit on 26-1-2010 by David9176]

I think he is holding the smoking gun, he's done he's not getting another term. The rats are leaving the ship and while they leave they are squeaking.

Nothing will come of this. A few weeks ago, geithner got cought hding stuff from the public. article is here on ats. corporattions have the government in the little fold of thier lined wallets...end of story sad to say. ide like to see bernenke fired, and IF obama is any man of his words, ALL documents of bernenke and the FED to be made public* and without thick black line out paragraphs...