Fraud at the Fed…

Lord Monckton discussed the  fraud back  in July,  after Rep. Michelle  Bachman grilled  Federal Reserve Chairman Ben Bernanke.   It was hard to dispute that Treasury has  already exceeded  the debt limit,  but the latest report that it ran a $98 billion deficit in July but the debt  remains exactly  the same makes it quite clear.

 

TARP just a ruse?

I’ve always believed the excuse for forcing relatively healthy banks to take  TARP money was flimsy.    Now that Bloomberg is reporting  Treasury will allow 10 banks to repay TARP money,   I’m thinking about it again,  and wondering if the authors of “Bailout Nation” were right all along.

One of them, Barry Ritholtz,  blogs on the question here, as Stephen Spruiell notes at The Corner .