6 Shocking Revelations About Wall
Street's "Secret Government"
Top officials willfully concealed the true extent of the 2008-'09 bailouts from Congress and the public.
We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a
freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed
transactions that were deliberately hidden, and for good reason. (See
This has been stated several times already about the secret 7.77 billion bailout of Wall Street banks between 2007-2009, and how they made an
additional undisclosed 13 billion profit from those secret bailouts, but that is just the tip of the iceberg!
Some of the OTHER juicy tidbits from this Wall Street - Government connection are:
While Henry Paulson (Bush’s Secretary of the Treasury) was informing Congress and the public that only minor reforms were needed to protect
Fannie and Freddie from collapse, he met secretly with leading Wall Street hedge fund managers -- among them his former colleagues at Goldman Sachs --
to alert them that he was about to nationalize the giant mortgage companies – a move that would eradicate nearly all the stock value of the
companies. This information was enormously valuable because it allowed these hedge funds to short Fannie and Freddie and thereby make a
While Timothy Geithner was head of the NY Federal Reserve, he argued against legislative efforts by Senator Ted Kaufman, D-Delaware, to limit the
size of banks because the issue was “too complex for Congress and that people who know the markets should handle these decisions,” Kaufman
recalls. Meanwhile, Geithner was fully aware of the enormous secret loans while Senator Kaufman was kept in the dark. Barney Frank, who was authoring
key bank reform legislation was also not informed of the secret loans. No one in Congress was told.
The article concludes with two valuable observations, which I'll paraphrase here:
1. That the banks and hedge funds were in a great deal more trouble than ever acknowledged - AND required COLLUSION on the part of the government to
secretly fund these banks WHILE covering it up not only to the public but to most of Congress.
2. "Wall Street's secret government made sure the largest banks would grow even larger, aided by the secret funding."
Case in point - when PNC bought out one of the nation's oldest banks, Cleveland based National City Bank - Congressman Dennis Kucinich demanded
answers as to how and why PNC, which received bailout funds, could suddenly snap up a larger bank - which DIDN'T receive bailout funds and which
appeared to PURPOSELY be denied bailout funds. Does this prove that there was a secret agreement between Wall Street banks and their 'secret
government' aiders and abetters?
I know this topic has already been discussed here at ATS, but I don't think it has seen nearly enough exposure, and it goes way beyond the 7.77
trillion secret bailout, it shows a clear collusion between the government and these banks to ROB the American taxpayers and engage in monopolistic
This should be the number one issue in America right now.
You cannot possibly hope to see any investigation of this matter so long as the two parties in charge remain in charge. They are BOTH involved. There
are still some
American politicians out there who are trying to root this out - Ron Paul, Dennis Kucinich, Bernie Sanders, Tom Coburn - (and
what did Chris Dodd and Barney Frank know when they passed their banking reform bill?)
So America, want to know why you're 15 trillion in debt - well, here is half the reason, thanks to Wall Street's "Secret Government".
(PS: This is precisely what #OWS is fighting to expose. Don't let those distractors and disinfo agents tell you otherwise!)