Article

2009-12-07 Europe

Three Strikes on Ben Bernanke: AIG, Goldman Sachs & BAC/TARP

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Posted by tipper 2009-12-07 11:31|| || Front Page|| [5 views ] Top

#1 From the article: the Fed is not only allowing insolvent zombie banks to repay TARP funds before the worst of the credit crisis is past, but the independent central bank is engaged in a massive act of accounting fraud to prop up prices for illiquid securities and thereby help banks avoid another round of year-end write downs, the banks the Fed supposedly regulates.

Posted by Anguper Hupomosing9418 2009-12-07 15:43|| 2009-12-07 15:43|| Front Page Top

#2 Whatever happened to the "mark to market" rules of Basal II?

That along with the CRA was one of the major triggers of the crash of real estate prices, along with the take over by Soros and friends of the risk rating process.

Posted by AlanC">AlanC 2009-12-07 20:23|| 2009-12-07 20:23|| Front Page Top

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