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Bernanke’s Sovereign Deception: Bernanke Lied And Should Be In Jail Too – Dave Kranzler

Tuesday, October 6, 2015 15:40

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RELATED STORY: Bernanke Tries to Rewrite the Financial Crisis in New Book – click here.

TND Guest Contributor: Dave Kranzler

I love how these ex-Fed Chairmen admit the truth several years after the fact. Recall that Greenspan gave a famous speech about the not being able to see financial bubbles until after they occur just before the internet/tech stock bubble popped.

And Bernanke stated in the 2005-2006 timeframe that there was not a housing bubble and that the economy was fine. Of course, that was just before the housing market crashed hard and the economy dropped into the worst economic contraction since the Great Depression.

Now all of a sudden Benanke seems to have found “religion” about the criminality of bankers. I wonder if this is part of his Yom Kippur “soul cleansing.” In an interview this past weekend Bernanke stated that financial executives should have been investigated and prosecuted for perpetrating the great financial collapse: More Wall Streeters Should Be In Jail.

The obvious injustice here is that Bernanke was in a position to enforce the laws and go after the Wall Street crooks in cooperation with the Justice Department. But we know that the Justice Department is controlled by Goldman Sachs and the law firm, Covington Burling. Goldman was one of Attorney General, Eric Holder’s biggest clients and Covington Burling is Holder’s employer.

Even more stunning, Bernanke stated that:

I certainly was not eager to bail out Wall Street and I had no reason to want to bailout Wall Street itself,” he told USA Today. “But we did it because we knew that if the financial system collapsed, the economy would immediately follow.”

This is an outright blatant lie. And my good friend and colleague, John Titus of “Best Evidence,” has compiled direct proof that Bernanke spear-headed the Fed’s bail-out of Wall Street AND he lied about the dollar amount involved in front of Congress. Ben, the evidence is in the Fed transcripts from the 2009 FOMC meetings: Bernanke’s Sovereign Deception

How come when Bernanke was in a position to enforce the law he was silent? It’s because he was part of the crime syndicate.

It’s amazing how these insiders are jumping ship and trying to come clean about their tenure in power in an attempt to save their legacy. Fortunately, like all criminals, they have been careless about covering their tracks. As Titus has demonstrated, anyone who with enough motivation can pour through public documents and find the truth.

Nice try Ben, but you are tolling a bell that should be tolled for you as well.

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.