Karl Denninger makes a great point here.
The Federal Reserve will continue to lie to us and steal from us until the American people say enough.
jg – October 20, 2009
Monday, October 19, 2009
More Fed Perjury?
“Does The Federal Reserve try to manipulate the stock market?”
“No Sir, not that I’m aware of.”
Oh really Mr. Lawyer?
Oct. 19 (Bloomberg) — Bank of America Corp. signed off on its government-assisted purchase of Merrill Lynch & Co. after U.S. regulators assured the deal should boost the shares, e- mails from two bank finance executives showed. Instead, the shares collapsed.
“The chairman of the Federal Reserve indicated it would be structured in a manner such that BAC stock should go up when announced,” Chief Financial Officer Joe Price said in a Dec. 29 e-mail to top executives of the Charlotte, North Carolina-based bank, including Chief Executive Officer Kenneth D. Lewis.
The shares instead collapsed, but that’s not the point.
The question was whether The Fed has ever attempted to manipulate the stock market, and this email clearly says that indeed, they have done exactly that.
What is the penalty for perjury in front of Congress?