Bernanke threatens economic crash if Congress audits Fed
The following 7-minute video
is one of the best I've ever seen in economics. It begins with Federal Reserve Chair Ben Bernanke threatening an economic
crash if Congress audits the Fed, moves to revealing headlines of financial corporate profits after taxpayers socialized
their gambling losses, then closes with Secretary of the Treasury Tim Geithner telling Congress that TARP is really a
pertetual line of $700 billion credit for him to do with as he pleases as long as Bernanke agrees. That means, if Treasury
can sell the troubled assets, that money returns to Geithner's private reserve to buy more assets. As you may know,
Harvard's Elizabeth Warren, the chair for the Oversight Panel, reported to the Senate that Treasury is over-paying corporations by about 50%. That's a gift from us, the taxpayers, to the gambling-addicted plutocrats of $82 Billion.