Sunday, January 10, 2010

Racket, Racket, They're running a Racket. RICO, RICO, not so suave

How many hundred of billions of tax payer backed thin air monetary units will the NY FED criminal racket on Wall Street and their European counter parts continue to steal before the United States Justice Department steps in and puts a stop to the biggest ongoing heist in the history of the world?

Must it get into the Trillions before someone in Government shows a backbone and starts an official investigation that can bring these thieves to justice?

The Republic that is the United States of America is hanging by mere threads.

Money printing thieves have practically bankrupted the treasury of the United States of America and left its citizens on the brink of financial ruin.

"Another 800 pound-person-of-interest in the investigation of AIG cover-up should be William Dudley, NY Fed President, and Geithner accomplice at NY Fed. Geithner argued that Friedman needed to remain chairman of the N.Y. Fed board to find a suitable replacement for Geithner as he moved on to be secretary of the Treasury. Geithner and Friedman insured that William Dudley, former Goldman Sachs executive, got Geithner's job of NY Fed President. Stephen "no conflict of interest" Friedman was chairman of the search committee, and Geithner lobbied the NY Fed to appoint Dudley-do-right-by-Goldman-Sachs as NY Fed President. Friedman chose a fellow former Goldman Sachs exec for the job.

So, the Towns and Frank Congressional Investigation into AIG cover-up has the potential to blow the lid off the wide ranging criminal activity at the NY Fed. The object here is not just to bring Geithner to justice, the object is to follow the money and crimes and bring the entire criminal enterprise of Wall Street and the Fed to justice. Here is a golden opportunity to expose the heart of the NY Fed-GoldmanSachs-Wall Street beast.

We need Racketeer Influenced and Corrupt Organizations Act (RICO) prosecutions and Shock-and Awe mass trials in style of the Maxiprocesso (Maxi Trial) of the Mafia in Sicily during the mid-1980s that resulted in hundreds of defendants convicted. We need RICO confiscations of the hundreds of billions in illegal "profits" from the criminal enterprises."

The low level stooge puppet masqueraded on TV is only the tip of the iceberg.
The real criminals do not show their heads on TV and their corporation called the Federal Reserve is never audited?


President Kennedy signs an executive order to abolish the Federal Reserve and his head is exploded within days.

The early history of our Republic is littered with the charred remains of corrupt central banking institutions under the control of criminals.

"Jan. 7 (Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee.

The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a “backdoor bailout” of financial firms.

“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information,” said Issa, a California Republican. Taxpayers “deserve full and complete disclosure under our nation’s securities laws, not the withholding of politically inconvenient information.”

Geithner Had ‘No Role’

“Secretary Geithner played no role in these decisions,” Meg Reilly, a Treasury spokeswoman, said in an e-mail."

If Geithner played no role in this US treasury backed theft, then who did?

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