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mello
06-09-2009, 06:53 PM
http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/

He Who Pawns
06-09-2009, 07:02 PM
New York Attorney-General Andrew Cuomo has claimed that, in 2008, then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke strong-armed BofA into buying Merrill -- a move that, if true, could expose Paulson and Bernanke to prosecution.

Last week, news services reported that the House had asked Bank of America CEO Kenneth Lewis to testify before the House Committee on Oversight and Government Reform. That hearing takes place on Thursday (June 11).

This is what Peter Schiff has been saying for months! He believes that Paulson and Bernanke may have blackmailed the CEO of Bank of America into buying Merrill, by threatening him with an IRS audit or something like that.

mello
06-09-2009, 07:18 PM
This is what Peter Schiff has been saying for months! He believes that Paulson and Bernanke may have blackmailed the CEO of Bank of America into buying Merrill, by threatening him with an IRS audit or something like that.

Didn't Judge Napolitano bring that up on an episode of Freedom Watch? He was at some
dinner & was seated with some bank CEO who spilled his guts to him.

eduardo89
06-09-2009, 07:23 PM
Didn't Judge Napolitano bring that up on an episode of Freedom Watch? He was at some
dinner & was seated with some bank CEO who spilled his guts to him.

Yeah they talked about it extensively on an episode of Freedom Watch a while back. I'm pretty sure that's what happened, it wouldn't be surprising.

Texan4Life
06-09-2009, 09:12 PM
Yeah they talked about it extensively on an episode of Freedom Watch a while back. I'm pretty sure that's what happened, it wouldn't be surprising.

anyone know what episode of FW it was? I must have missed it.

FindLiberty
06-09-2009, 09:44 PM
Oh goodie, now the federal gubermint will have to take over the federal reserve in order to "fix" it...

There, all better now! [WRONG!]

DFF
06-09-2009, 09:53 PM
Why would Bernanke and Paulson strong arm BofA? They were the most powerful bank on the planet prior to the recession. And the Fed is, essentially, a banking cartel.

HOLLYWOOD
06-09-2009, 09:56 PM
I covered this on some information I recieved hours after Kucinich sent paperwork to the criminals. It states if they are not co-operative... the hammer will fall on them... and today it swung down! The links at the very bottom have the Scanned documents sent to Bernake and Giethner.

Here's the Thread:

[/URL]http://www.ronpaulforums.com/showthread.php?t=189955 (http://www.ronpaulforums.com/showthread.php?t=189955)

************************************************** *******************

Dennis Kucinich has the GEARS engaged!

...launches the people's other plan on the FEDERAL RESERVE & US TREASURY

READ THIS:
http://www.congress.org/congressorg/webreturn/?url=http://oversight.house.gov (http://www.congress.org/congressorg/webreturn/?url=http://oversight.house.gov)


Scanned from Official 111th Congress Official Documents

FILED
Thursday, April 23, 2009
Open Government (http://oversight.house.gov/investigations.asp?ID=246), Waste, Fraud, and Abuse (http://oversight.house.gov/investigations.asp?ID=250)Congressional Committees Demand Documents from Treasury and the Fed

Congressman Dennis Kucinich (D-OH), Chairman of the Domestic Policy Subcommittee, and Congressman Edolphus Towns, Chairman of the Oversight and Government Reform Committee, today sent a letter to Fed Chairman Ben Bernanke and Treasury Secretary Timothy Geithner. The letter cites a Wall Street Journal article published this morning that reports that Bank of America (BofA) CEO Ken Lewis, was pressured to withhold details pertaining to the BofA acquisition of Merrill Lynch from investors.
The full text of the letter to Chairman Bernanke follows:

April 23, 2009
Mr. Ben S. Bernanke
Chairman
Board of Governors of the Federal Reserve System
Twentieth St. and Constitution Ave. N.W.
Washington, D.C. 20551

Dear Mr. Bernanke:
As you know, on March 30, 2009 the Domestic Policy Subcommittee sent the Federal Reserve (“Fed”) a request for documents pertaining to discussions between the Fed, Treasury and Bank of America (“BOA”) that concerned BOA’s acquisition of Merrill Lynch & Co. Unfortunately, the Fed and Treasury have allowed the deadline to pass without producing the requested documents or informing the Committee about a date of compliance.
Today, The Wall Street Journal’s article on Ken Lewis’s statement under oath with the New York State Attorney General strongly implies that you and Secretary Paulson instructed Bank of America to file fraudulent reporting documents with the Securities and Exchange Commission (“SEC”). As you know, Mr. Kucinich asked SEC for an investigation into whether BOA made material omissions in filings with SEC, and SEC has confirmed that such an investigation is underway. If Mr. Lewis’s statement, as reported by the Journal, of discussions that occurred between you, Mr. Paulson and himself is accurate, then federal officials were potentially involved in knowingly denying BOA investors material information.

The implications of Mr. Lewis’ testimony, if accurate, are extremely serious. Under these circumstances failure to comply with the Subcommittee’s request raises the prospect that we will be forced to consider compulsory means to achieve compliance with our request. However, we would prefer your voluntary compliance. Therefore, we repeat the earlier request, and expand it to include “all documents prepared for internal use related to discussions with Bank of America and/or Treasury about compensation packages, bonuses, annual losses at Merrill Lynch, and federal guarantees against losses on Merrill Lynch assets, for the period August 1, 2008 through January 19, 2009.” We emphasize that the original and this expanded request also covers discussions relating to public disclosure of information about compensation packages, bonuses, and annual losses at Merrill Lynch, for the period referenced above. This request, we also emphasize, covers any federal loans or guarantees against potential losses at Merrill/BOA and public disclosure of those loans or guarantees. We further request that you provide a written response specifically to the implication that you suborned the filing of misleading information by BOA with SEC.

The Oversight and Government Reform Committee is the principal oversight committee in the House of Representatives and has broad oversight jurisdiction as set forth in House Rule X. An attachment to this letter provides information on how to respond to the Subcommittee’s request. In recognition of the fact that we are expanding the original request, but that a substantial portion of it reiterates a previous request, we ask that you provide all of these documents and the written response as soon as possible, but in no case later than 5:00 p.m. on Monday, May 4, 2008.

Dennis J. KucinichEd Towns
Chairman

Chairman Domestic Policy SubcommitteeOversight and Government Reform Committee

cc: Jim Jordan
Ranking Minority Member
Domestic Policy Subcommittee
Darrell Issa
Ranking Minority Member
Oversight and Government Reform Committee
1. Letter from Mary Schapiro, Chairman, Securities and Exchange Commission, to Congressman Dennis J. Kucinich (Apr. 13, 2009).
###
Documents and Links


http://domesticpolicy.oversight.house.gov/documents/pdf.gif (http://domesticpolicy.oversight.house.gov/documents/20090423194951.pdf) Letter to Chairman Bernanke (http://domesticpolicy.oversight.house.gov/documents/20090423194951.pdf) (408 KB) [URL]http://domesticpolicy.oversight.house.gov/documents/20090423194951.pdf <=== OPEN THIS RPF members... WooHoo THE FED!
http://domesticpolicy.oversight.house.gov/documents/pdf.gif (http://domesticpolicy.oversight.house.gov/documents/20090423195040.pdf) Letter to Secretary Geithner (http://domesticpolicy.oversight.house.gov/documents/20090423195040.pdf) (407 KB) http://domesticpolicy.oversight.house.gov/documents/20090423195040.pdf <=== Turbo Tax Timmy's: Demand for all documentation/communications

rockandrollsouls
06-09-2009, 09:58 PM
Stop posting kucinich spam. please.

PaulaGem
06-09-2009, 10:10 PM
Stop posting kucinich spam. please.

Hey, if you think Ron Paul has to carry the load all by himself then we're all screwed.

The post is relevant and it's important, and it supports Ron Paul's Constitutional agenda.

HOLLYWOOD
06-09-2009, 10:15 PM
Sure, whatever you say :rolleyes:


Stop posting kucinich spam. please.

carlangaslangas
06-09-2009, 11:44 PM
Hey, if you think Ron Paul has to carry the load all by himself then we're all screwed.

The post is relevant and it's important, and it supports Ron Paul's Constitutional agenda.

I agree. This is good news. I would also like to know what happened with Washington Mutual. That was another shady deal.

rockandrollsouls
06-10-2009, 12:15 AM
Hey, if you think Ron Paul has to carry the load all by himself then we're all screwed.

The post is relevant and it's important, and it supports Ron Paul's Constitutional agenda.

Kucinich introduced a separate bill to undermine Paul's. Furthermore, he didn't co sponsor paul's so I don't think he's all too intent on getting much done.

You seem to forget Kucinich is very, very socialist. What is he helping with again?

PaulaGem
06-10-2009, 05:24 AM
Kucinich introduced a separate bill to undermine Paul's. Furthermore, he didn't co sponsor paul's so I don't think he's all too intent on getting much done.

You seem to forget Kucinich is very, very socialist. What is he helping with again?

What's with this competition B.S.? Do you think this is a high school football game? Kucinich is a Democrat, bill came out of a separate committee. For all you know the second bill could have been an attempt to flush out some Democrats and get them to support 1207.

As for being "socialist". That's your opinion. You don't realize that the quickest, most efficient way to reform government is to build a coalition of honest, concerned legislators without regard to party or theory of government.

It took years and many dirty hands to get things as screwed up as they are now, it's going to take years and many strong, clean hands to get things put back together.

acptulsa
06-10-2009, 05:46 AM
Kucinich introduced a separate bill to undermine Paul's. Furthermore, he didn't co sponsor paul's so I don't think he's all too intent on getting much done.

You call getting the ball rolling on possible fraud charges against Bernanke and Geithner 'not getting much done'?!

Look, Bubba. We're trying to get some honest people into Washington, clean out the riff-raff, and reduce the power of government so the next batch of crooks has a long, uphill battle to get back to the same level of power (and opportunities to abuse that power) that the current batch of crooks enjoys today. You want to throw out one of the two honest people we have to help us through steps one and two because you don't know how useful he'll be during step three?

Well, I don't. If I'm panning for gold and come up with a little silver, I refuse to complain about it.

Pete
06-10-2009, 10:07 AM
What's with this competition B.S.? Do you think this is a high school football game? Kucinich is a Democrat, bill came out of a separate committee. For all you know the second bill could have been an attempt to flush out some Democrats and get them to support 1207.

I think that this is a distinct possibility. I called Kucinich's office today and asked that he and his HR 2424 co-sponsors add their support to HR 1207. The aide was very cheerful about taking my call.

nbhadja
06-10-2009, 12:02 PM
What's with this competition B.S.? Do you think this is a high school football game? Kucinich is a Democrat, bill came out of a separate committee. For all you know the second bill could have been an attempt to flush out some Democrats and get them to support 1207.

As for being "socialist". That's your opinion. You don't realize that the quickest, most efficient way to reform government is to build a coalition of honest, concerned legislators without regard to party or theory of government.

It took years and many dirty hands to get things as screwed up as they are now, it's going to take years and many strong, clean hands to get things put back together.

Because Dennis' bill could take away cosponsors from hr 1207. We don't need 2 bills to half way pass, we need one bill to PASS. The only people who benefit from voting splitting is the federal reserve.

Plus Dennis' bill SUCKS compared to Ron Paul's bill. It will not expose anything. Dennis loves federal reserve and does not want it to go away.

And no it is a FACT that Dennis is a socialist. He even supports the GM bailout. He is a freedom hater.

I used to tolerate Dennis but him trying to vote split anti federal reserve bills has pissed me off.

rockandrollsouls
06-10-2009, 12:30 PM
Because Dennis' bill could take away cosponsors from hr 1207. We don't need 2 bills to half way pass, we need one bill to PASS. The only people who benefit from voting splitting is the federal reserve.

Plus Dennis' bill SUCKS compared to Ron Paul's bill. It will not expose anything. Dennis loves federal reserve and does not want it to go away.

And no it is a FACT that Dennis is a socialist. He even supports the GM bailout. He is a freedom hater.

I used to tolerate Dennis but him trying to vote split anti federal reserve bills has pissed me off.

THANK YOU. Plus, I don't think the people here championing Kucinch's bill has actually read it. Dennis' view on the fed is MUCH different than Paul's. Kucinich likes the fed, he just wants it under government control. HR 1207 is a step to ABOLISHING the fed by reigning in its power.

And yes Dennis is a socialist. He's even stated we shouldn't let GM go bankrupt or close shop IF THEY WANTED TO. Dennis is contrary to what we are trying to get done. Stop defending the little troll.

What do you consider coming up with a little silver? A guy who votes to nationalize private industry? I don't think so. That's like digging for gold and hitting an explosive gas line. I'll avoid that.

heavenlyboy34
06-10-2009, 02:13 PM
http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/ (http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/)


yayyy!!! One small step towards dismantling the State! :cool::D