Conflicts of interest at Federal Reserve including Obama’s job czar/GE CEO Jeffrey Immelt

ben-bernakeWhile ABC actually posted on their blog site about this story involving conflicts of interest at the Federal Reserve, do you honestly think it will make it to the evening news on ABC or any other dinosaur network? Hell no! According to the site, via a GAO report, the Federal Reserve consulted with General Electric on the creation of a commercial paper funding facility, Then the FED gave them $16 billion in financing. Of course, the CEO of General Electric is Obama’s so called Job’s Czar Jeffrey Immelt who has benefited from the various bailouts and faux green energy programs the Obama regime has tried to go going. General Electric made $14 billion in profit last year and paid ZERO in taxes. You know who else is listed in this report? A big bank who donated heavily to Obama in 2008 JP Morgan. Their CEO is heavy Obama donor Jamie Dimon.

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October 19, 2011 · Filed Under Federal Reserve

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Oh yea! Ron Paul to chair the subcommittee that oversees the Federal Reserve

End the Fed! I’m not as big of a fan of Ron Paul as a lot of libertarians are, but when it comes to overseeing the Fed, there is no one better I could think of than Ron Paul. Now he’s going to get his chance. Today, Alabama Rep. Spencer Bachus who is chairman of the House Financial Services Committee, announced that Ron Paul will chair the subcommittee that oversees the Federal Reserve!

December 9, 2010 · Filed Under Federal Reserve, Ron Paul

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Great news! Ben Bernanke might spend even more money

Because QE2 and the inflation of commodities that has resulted so far isn’t bad enough! Appearing on 60 minutes, and posted at Politico, Federal Reserve Chairman Ben Bernanke not only defended QE2 and the $600 billion that the government wasted from it, Bernanke is saying the Fed might spend even more.

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December 5, 2010 · Filed Under Ben Bernanke, Federal Reserve

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Federal Reserve lowers economic expectations for rest of year

WASHINGTON - JANUARY 17: Federal Reserve Board Chairman Ben Bernanke wipes his eyes during a hearing before the House Budget Committee January 17, 2008 on Capitol Hill in Washington, DC. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow. (Photo by Alex Wong/Getty Images)Federal Reserve officials at their June meeting weighed whether new steps would be needed to keep the economic recovery alive. According to Fox News, a new document, released Wednesday, also revealed that Fed policymakers lowered their forecasts for economic growth this year in light of Europe’s debt crisis, a volatile Wall Street, a stalled housing market and high unemployment.

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July 14, 2010 · Filed Under economy, Federal Reserve

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Federal Reserve Governor Daniel Tarullo – Europe’s crisis poses risks to US

WASHINGTON - JANUARY 17: Federal Reserve Board Chairman Ben Bernanke wipes his eyes during a hearing before the House Budget Committee January 17, 2008 on Capitol Hill in Washington, DC. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow. (Photo by Alex Wong/Getty Images)After today’s 376 point loss in the Dow, and more than 900 point loss so far for the month of May, you would think most people (at least non-progressive liberals) would realize that the problems in Europe could easily hit America if not within a few years, then a few months. Finally someone at the Fed comes out and admits it. According to the AP, Federal Reserve Governor Daniel Tarullo, in remarks to a House subcommittee, said the timing of Europe’s problems on the heels of the global financial crisis is a “potentially serious setback.” Europe’s debt crisis poses serious risks to the unfolding economic recoveries in the United States and around the globe, a Federal Reserve official said Thursday.

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May 20, 2010 · Filed Under Federal Reserve

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END THE FED! Ben Bernanke now going after banks NOT covered by TARP

WASHINGTON - JANUARY 17: Federal Reserve Board Chairman Ben Bernanke wipes his eyes during a hearing before the House Budget Committee January 17, 2008 on Capitol Hill in Washington, DC. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow. (Photo by Alex Wong/Getty Images)I’m probably in the minority on the right that thinking that the capping of salaries of executives of institutions that took TARP money should be able to be capped. You get in bed with the government, you pay the price. I also understand the other side, that with these “capped” salaries, there is no way you are going to get the best, hardest working, qualified people to work for these firms. GM not being able to find a CFO right now is a perfect example. However, anything that would go beyond these government controlled companies is off limits as far as I’m corcerned. Apparently. Federal Reserve, Chairman Ben Bernanke doesn’t see it that way as he is now looking to go after employee compensation of ALL banks, including those who never took a bailout according to the Washington Post:

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October 25, 2009 · Filed Under Ben Bernanke, Federal Reserve

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