Bernanke denies threat to fire BoA management over Merril Lynch merger

[slow_dazzle]

Dirty business if there is any truth in the allegations.

LINK

[Ming]

After listening to part of the testimony this morning - Duh there was definitely threats both by Paulson and Bernanke. 

The whole bailout who got it and who didn't, who had to merge, who have to fold was all done by strong arm bullying.

None of this is a surprise and they all should be replaced including Timmy.

[Chesyre]

After listening to part of the testimony this morning - Duh there was definitely threats both by Paulson and Bernanke. 

The whole bailout who got it and who didn't, who had to merge, who have to fold was all done by strong arm bullying.

None of this is a surprise and they all should be replaced including Timmy.

replaced with who ?
more people like that ivy league bitch who said I dunno where the 9 trillion dollars is and its not my problem to congress?

wasn't  there a quote about if you wanted the people responsible for the mess you would need to arrest and indict the top 50 people from the top 1000 firms ?

the people who thought bernie madoff was a good guy until he got convicted ?

not only are we being ruled by thieving scum there is nothing but thieving scum to replace them with it looks like to me

[MikeyPooh]

After listening to part of the testimony this morning - Duh there was definitely threats both by Paulson and Bernanke. 

The whole bailout who got it and who didn't, who had to merge, who have to fold was all done by strong arm bullying.

None of this is a surprise and they all should be replaced including Timmy.

replaced with who ?
more people like that ivy league bitch who said I dunno where the 9 trillion dollars is and its not my problem to congress?

wasn't  there a quote about if you wanted the people responsible for the mess you would need to arrest and indict the top 50 people from the top 1000 firms ?

the people who thought bernie madoff was a good guy until he got convicted ?

not only are we being ruled by thieving scum there is nothing but thieving scum to replace them with it looks like to me

That's the sickening, disheartening truth right there.  My only "fun" thought about this shit lately is this:  If we have the best and the brightest leaders, and this is what they've managed to accomplish...well hell, let's replace them with some real idiots.  I mean some semi literate buffoons.  How could they do any worse!?  And you might get some people with some good old common sense...and some people who are actually deeply honest....what a refreshing change those two qualities would be, eh? 

[Chesyre]

I'm not picking on you Ming  I am simply making whats most likely a rhetorical question anyways.  without scum in charge  of the finance system it collapses  , with scum in charge it just takes longer . 

[Ming]

It's really sad, but I completely agree with you Chesyre none of them are trustworthy.

[risquebznss]

All the elite have the trump card to play any time they are questioned.  "We had to do it or face utter financial failure."  There is almost no way to prove them wrong at this point. 

Just as Obama has repeatedly said, He doesnt "want" to run autos, banks, insurance, etc...he was "forced" to do so.   The fed "had" to take the action they did or things would have been much worse. 

They basically say "we can do whatever we want, unless you prove otherwise."

Any 10 yr old can spot these phonies but somehow, overeducated lawyers and finance guys learn the art of parsing words, misdirection, and somehow not ever seeing or acknowledging the elephant in the room.

[Arraya]

Forces are trying to get to our mullahs behind the Fed.  The pressure is on internally and internationally.  I expect a shake up by years end.

[Domscott66]

by who?

[Arraya]

by who?

That is a good question?  A different group of powerful people.  The worlds trying to get rid of the dollar right now and many countries have been vocal about the Fed, not the US, the Fed.  You couple the internal attacks, the missing 2 trillion supreme court case that the Fed won recently, Ron Paul act gaining steam and the BOA thing and you have a lot of forces against them.  The Fed is legally protected from interference from the USG.  It's just the way it was set up and it is privately controlled.  So private control + no legal oversight makes it a very peculiar entity even though it is under the umbrella of a federal organization.  However, it's not legally set up like one.  What ever private parties are behind the Fed seem to have the heat on them.  Spitzer just did a piece for slate.com bashing the NY fed. 

I could be wrong but that is what it looks like now.

[Chesyre]

so with all this high tech lie detection gadgetry supposably available , how come congress doesn't use it on these asstards when they testify ?

[Doomerific]

replaced with who ?

To further your point... I heard it will be Larry Summers. 

[Tabo]

"Get this merger done and I'll fire your ass. Umm I mean get this merger done OR I'll fire your ass, Ken."