Finance

Rick Perry: I Would Fire Fed Chair Bernanke & Treasury Sec. Tim Geithner

Yesterday’s shocking report from Bloomberg Markets magazine stating that the Federal Reserve and the Treasury hid $7.7 trillion dollars in low interest loans to banks from Congress and the American people has TX Gov. and GOP presidential candidate Rick Perry frothing mad.

Perry is so upset, he wants Fed Chair Ben Bernanke to resign or be fired. He also wants Treasury chief Tim Geithner tossed out too.

Gov. Perry was on News Radio 1040′s Simon Conway show yesterday and talked about the massive hidden loans, Bernanke, and Geithner.

Conway‘s conversation with Perry also covered AZ Sheriff Joe Arpaio’s recent endorsement of the Gov. and then returned to the Bernanke/Geithner discussion:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. ABC News reports that the Fed Chair had a reason for withholding the information:

Fed Chairman Ben Bernanke had argued back in 2008 when the crisis hit that revealing borrower details would create a stigma that would have led to more banks collapsing.

Bloomberg Markets used the Freedom of Information Act and forced the government to turn over 29,000 pages of documents that detailed more than 21,000 transactions to banks.

 

Comments (106)

1 2
  • zoro51
    Posted on November 29, 2011 at 11:05am

    dont just fire those 2 obama croniess- who are too inept to run depts need to be fired s well YOU were foretold as the next us president. and IM sticking with that FIRE OBAMA 2012 SAVE THE USA NOW

    Report Post » zoro51  
  • Blight14
    Posted on November 29, 2011 at 11:01am

    “Give me control of a nation’s money and I care not who makes the laws.”
    - Mayer Amschel Rothschild

    Report Post »  
    • ProbIemSoIver
      Posted on November 29, 2011 at 11:04am

      Exactly !!!!
      You got it !!!! check my transcripts.

      Report Post » ProbIemSoIver  
    • A Doctors Labor Is Not My Right
      Posted on November 29, 2011 at 12:20pm

      @Blight14,

      Exactly, because if you can print the money, then you can buy anything at the taxpayers’ expense, since the newly created money will devalue the currency; This is how wealth gets redistributed to those who control the money, and to their friends such as banks and politicians.

      Learn Austrian Economics, America!

      See here.

      Smashing Myths and Restoring Sound Money | Thomas E. Woods, Jr.
      http://www.youtube.com/watch?v=HAzExlEsIKk

      Report Post »  
    • Neils60
      Posted on November 29, 2011 at 12:54pm

      Very poor attempt to characterize the current financial crisis on a NON-quote of a guy who’s been dead for centuries, with the same NON-quote only attributed to him some 200 years after his death, in 1935.
      Furthermore, you’re source of info, from the totally discredited Protocol of Elders of Zion, is so, so lame. And, finally, I hate to burst your bubble, but Timothy Geithner is a life-long member of the United Church of Christ.

      Report Post »  
    • A Doctors Labor Is Not My Right
      Posted on November 29, 2011 at 1:53pm

      @Neils60,

      “Very poor attempt to characterize the current financial crisis on a NON-quote of a guy who’s been dead for centuries, with the same NON-quote only attributed to him some 200 years after his death, in 1935.”

      I cannot find the original source. It looks like you’re right about the misquote. Great job.

      As for his characterization of the current financial crisis, the Austrian Economists saw this coming a mile away; And at least their sentiment is reflected in the above made up quote, such that we can say that it stands on its own merit.

      The printing of money is a way to redistribute wealth to the people who will be allowed to use the new money first, at the expense of those who will use the money later.

      See here.

      Ron Paul: “This real-estate bubble will burst, as all bubbles do” (part 3)
      http://www.youtube.com/watch?v=KONpt9a6HrI

      And here.

      Monetary Lessons from America’s Past | Thomas E. Woods, Jr.
      http://www.youtube.com/watch?v=91OIBnrjzLU

      Report Post »  
  • Welfare-Warfare State
    Posted on November 29, 2011 at 11:00am

    Rick deserves credit for advocating eliminating 3 unconstitutional departments (Dr. Paul has proposed 5), and I like the criticism of the FED. But changing the managers of the FED is like changing the management of Freddie and Fannie. They all need to be phased out.

    Dr. Ron Paul was on Judge Napolitano’s show last night, and he outlined a plan that allows for gold and silver monies to be used concurrently with Federal Reserve notes. In order to return to a real gold standard, we‘ll have to get the government’s finances in order. It was done after the Civil War quickly with no ill effects.

    My problem with all the other candidates besides Dr. Paul is that they only want to tweek the current monetary system of replace the managers. That won’t do it. The government’s monetary system is a house of cards. I’m amazed that they have kept a fiat dollar standard in place for so long. The avg. life expectancy for a fiat paper currency is 27-years.

    The entities/people that benefit from a debt-based fiat paper/central bank system are those who get the new currency first. They get is before prices rise to convey the increased currency supply. Everone else gets an inflation tax. It’s a stealth tax and transfer. The more monetary debasement the more wealth transfer.

    Who gets new currency first? Finance, govt. contractors, and subsidized areas (health care, education, etc.) Puchasing power is transferred and wealth/power is concentrated.

    Ron Paul 2012 :)

    Report Post »  
    • recoveringneocon
      Posted on November 29, 2011 at 11:59am

      Wonder how long Ricky has been concerned about the Fed?

      Report Post » recoveringneocon  
    • A Doctors Labor Is Not My Right
      Posted on November 29, 2011 at 6:22pm

      @Welfare-Warfare State,

      “The entities/people that benefit from a debt-based fiat paper/central bank system are those who get the new currency first.”

      Well said. Great job.

      Ron Paul 2012!

      Report Post »  
  • Blight14
    Posted on November 29, 2011 at 11:00am

    Folks, its all predicted in the Protocols of the Learned Elders of Zion……whats that you say, they’re a forgery, if so, they must have been written by Nostradamus…….
    “Give me control of a nation’s money and I care not who makes the laws.”
    - Mayer Amschel Rothschild

    Report Post »  
  • Detroit paperboy
    Posted on November 29, 2011 at 10:53am

    Our founders gave us the tools to right the ship, so lets do it…. We must remain positive!!!

    Report Post »  
  • Pouncing Porcupine
    Posted on November 29, 2011 at 10:44am

    Perry is irrelevant in this campaign, but thank you to TheBlaze for giving him some token publicity.

    I noticed all seems pretty quiet about Cain this morning. It‘s almost like everybody knows he’s done but out of “respect” will not kick the corpse that is his campaign.

    Gingrich will be the nominee. Come to grips with it.

    Report Post » Pouncing Porcupine  
    • GilbertAcct
      Posted on November 29, 2011 at 10:57am

      Gingrich loves FDR, supported TARP, supports the individual mandate for health insurance, supports cap and trade, shoots global warming commercials with Nancy Pelosi, and writes forwards to books written by socialists. He also got paid $1.6 million by Freddie Mac. This guy is bad news.

      Report Post »  
    • smackdown33
      Posted on November 29, 2011 at 10:58am

      Think about Cain, for just one moment. He’s had accusers, none of who have offered any proof. Now he has a woman who, in her own words, was a whore for 13 years. Now she’s whoring for another John… again with no proof… but even if true… is nothing more than an indiscretion far less sever than the numerous committed by Gingrich.

      Cain is a victim of yellow journalism, that is scheming to bring you to their conclusions. You‘re being led and don’t even know it.

      Report Post »  
    • Pouncing Porcupine
      Posted on November 29, 2011 at 11:04am

      @Gil
      Well, I see you have your DNC talking points handy. Newt Gingrich is the best candidate running. He’s not perfect. Neither are you, but, if you think you could do a better job, you should run. If you’re Republican and/or conservative, you should vot for Newt. He’s our only chance to win. A vote for ANYBODY ELSE is a vote for Bam.

      Report Post » Pouncing Porcupine  
    • Pouncing Porcupine
      Posted on November 29, 2011 at 11:11am

      @Smackdown
      I’m not hearing anything about Cain suing anybody for slander. Did you know that if someone tells a lie about you, and it causes you harm, financially or otherwise, that is called slander, and they can be held liable? Even “celebrities” and politicians can sue for slander if it harms them. Cain is out there“rejecting” all the allegations, but not taking any counter-action that would clear his name if he were innocent. I believe it‘s because he’s probably not innocent.

      Report Post » Pouncing Porcupine  
    • GilbertAcct
      Posted on November 29, 2011 at 11:33am

      PP… I’m a strict constitutionalist (if I were with the DNC I would probably be speaking very favorably of Newt). Are any of my claims against Gingrich false? I’d be happy to take a few minutes and provide you with my sources. I love Gingrich in the debates, and he has made some great points… but I try to look at the fruit he produces, not just his words. He also polls poorly when put up against Obama.

      I agree with you on Cain. Did you see that his mistress showed her phone bill with over 60 calls/texts from Cain in the last few months? The reporters called the number for verification and Cain himself answered.

      Report Post »  
    • TexasHunter
      Posted on November 29, 2011 at 1:05pm

      ENCINOM, I am not a PaulBot- that term is like you are speaking like at a first graders maturity level. What I do like about Ron Paul is that he will follow the constitution of the USA!! I know you would just hate that. That is what we need in America! We have to get back to our core that we were founded on. Stop the immigration, Eliminate the FED! Take care of our own back yard and not everyone else! We are close to being on the brink of a second world country and then third world if this continues. Wake up!!

      Report Post » TexasHunter  
    • Vechorik
      Posted on November 29, 2011 at 3:47pm

      No Tea Party person on earth would vote for Newt. Gingrich wrote the forward for a book “Creating a New Civilization” by Alvin and Heidi Tofler, who are “ex” Marxists and “futurists” that Newt calls friends. “The Constitution of the United States needs to be reconsidered and altered…..The system that served us so well must, in its turn, die and be replaced. ”

      Sure sounds like UN Agenda 21 to me! Learn about it before you vote! Glenn has warned about it for years! Why doesn’t everyone know already?

      Report Post »  
    • Vechorik
      Posted on November 29, 2011 at 3:50pm

      **

      No Tea Party person on earth would vote for Newt. Gingrich wrote the forward for a book “Creating a New Civilization” by Alvin and Heidi Tofler, who are “ex” Marxists and “futurists” that Newt calls friends. “The Constitution of the United States needs to be reconsidered and altered…..The system that served us so well must, in its turn, die and be replaced. ”

      Sure sounds like UN Agenda 21 to me! Learn about it before you vote! Glenn has warned about it for years! Why doesn’t everyone know already?

      **

      Report Post »  
  • Baikonur
    Posted on November 29, 2011 at 10:42am

    LOL, Rick Perry–everything single silly thing you say now will be filtered forever through the image of you flubbing questions over and over and over during the debates.

    Report Post » Baikonur  
    • ProbIemSoIver
      Posted on November 29, 2011 at 10:56am

      The United States Federal Government has
      been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
      Public Law 89-719; declared by President Roosevelt, being bankrupt and
      insolvent. H.J.R. 192, 73rd Congress, June 5, 1933 – Joint
      Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
      dissolved the Sovereign Authority of the United States and the official
      capacities of all United States Governmental Offices, Officers, and
      Departments and is further evidence that the United States Federal
      Government exists today in name only.

      The receivers of the United States Bankruptcy are the International
      Bankers, via the United Nations, the World Bank and the International
      Monetary Fund. All United States Offices, Officials, and Departments are now
      operating within a de facto status in name only under Emergency War Powers.
      With the Constitutional Republican form of Government now dissolved, the
      receivers of the Bankruptcy have adopted a new form of government for the
      United States. This new form of government is known as a Democracy, being an
      established Socialist/Communist order under a new governor for America. This
      act was instituted and established by transferring and/or placing the Office
      of the Secretary of Treasury to that of the Governor of the International Monetary Fund.

      Public Law 94-564, page 8, Section H.R. 13955 reads in part:
      “The U.S. Secretary of Treasury receives NO COMPENSATION for representing
      the U.S.A. !!!

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 10:58am

      That means Perry is a global elite minion and criminal, or he really is a moron with an I.Q. of about 50.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 11:02am

      You CAN’T fire a global elite appointed manager of the bankruptcy of 1933. All the people can do is pressure the “government”, and the Federal Reserve/IMF/UN would make him “step-down” to bring avoid stirring up the masses and bringing any attention to who is behind the curtain.
      PERRY is a Pathetic Ignoramus !!!!!

      Report Post » ProbIemSoIver  
    • encinom
      Posted on November 29, 2011 at 11:04am

      @ProbIemSoIver

      Another Paulbot off his meds. Let me guess you got all of your infor from the Austin shock jock Alex Jones, another con-man selling you fear.

      Report Post »  
    • AvengerK
      Posted on November 29, 2011 at 11:11am

      BAIKONUR…only a few weeks ago you admitted you’re a resident of Europe and a happy socialist. Please…tell us again why your heckling interjections should be taken seriously as we watch Europe self- immolate……again?

      Report Post »  
    • ProbIemSoIver
      Posted on November 29, 2011 at 12:01pm

      @Encinom
      lol.. You truly are pathetic.
      Thank you for allowing me to edify a moron, such as yourself.
      As a matter of fact. I do extensive research every waking hour that I am not WORKING for a living.
      ( you ought to try it some time, It build’s character )
      I have been, as of late, learning law. Studying Black’s Law Dictionary – 1st and 2nd editions.
      That’s right. In addition to all the “conspiracies” I have confirmed and substantiated through intensive
      research ( not http://www.Infowars.com, which is an excellent and reputable source of the truths you don’t find here due to clandestine agendas ), the articles just lead me into the right direction, to further research and come to conjecture amongst intellectual peers.
      No meds here, troll. Just truths.
      I am learning law to understand the intricacies and details of the Global elite‘s crime on America and It’s people.
      I understand that if I attempted to become an attorney to beat the progressive/socialist law system put in place, or fought their system for an extended period of time, or disclosed the
      1933 BANKRUPTCY, I would be blackballed and lose the license to practice law.
      therefor I do extensive damage to the Global Elite Agenda, learning more and exposing more, everyday.
      I understand they would pull my license

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 12:12pm

      That’s for getting me going troll.

      The United States exists in two forms: The original United States that was in operation until 1860; a collection of sovereign Republics in the union. Under the original Constitution the States controlled the Federal Government; the Federal Government did not control the States and had very little authority.

      The original United States has been usurped by a separate and different UNITED STATES formed in 1871, which only controls the District of Columbia and it’s territories, and which is actually a corporation (the UNITED STATES CORPORATION) that acts as our current government. The United States Corporation operates under Corporate/Commercial/Public Law rather than Common/Private Law.

      The original Constitution was never removed; it has simply been dormant since 1871. It is still intact to this day. This fact was made clear by Supreme Court Justice Marshall Harlan (Downes v. Bidwell, 182, U.S. 244 1901) by giving the following dissenting opinion: “Two national governments exist; one to be maintained under the Constitution, with all its restrictions; the other to be maintained by Congress outside and Independently of that Instrument.”

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 12:15pm

      The Restore America Plan reclaimed the De Jure institutions of government of the 50 State Republics in order to restore Common Law that represents the voice of the people and ends Corporate Law that ignores the voice of the people while operating under Maritime/Admiralty/International Law. This occurred when warrants were delivered to all 50 Governors on March 30, 2010.

      The rewritten Constitution of the UNITED STATES CORPORATION bypasses the original Constitution for the United States of America, which explains why our Congressmen and Senators don’t abide by it, and the President can write Executive Orders to do whatever he/she wants. They are following corporate laws that completely strip sovereigns of their God given unalienable rights. Corporate/Commercial/Public Law is not sovereign (private), as it is an agreement between two or more parties under contract. Common Law (which sovereigns operate under) is not Commercial Law; it is personal and private.

      Who is running America? Have you ever asked that question?
      Under the doctrine of Parens Patriae, “Government As Parent”, as a result of the manipulated bankruptcy of the United States of America in 1930, ALL the assets of the American people, their person, and of our country itself are held by the Depository Trust Corporation at 55 Water Street, NY, NY, secured by UCC Commercial Liens, which are then monetized as “debt money” by the Federal Reserve.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 12:22pm

      Federal Reserve Notes (FRNs) are unsigned checks written on a closed
      account. FRNs are an inflatable paper system designed to create debt through
      inflation (devaluation of currency). when ever there is an increase of the
      supply of a money substitute in the economy without a corresponding increase
      in the gold and silver backing, inflation occurs.

      Prior to 1913, most Americans owned clear, allodial title to property, free
      and clear of any liens or mortgages until the Federal Reserve Act (1913)
      “Hypothecated” all property within the federal United States to the Board of
      Governors of the Federal Reserve, -in which the Trustees (stockholders) held
      legal title. The U.S. citizen (tenant, franchisee) was registered as a
      “beneficiary” of the trust via his/her birth certificate. In 1933, the
      federal United States hypothecated all of the present and future properties,
      assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to
      the Federal Reserve System.

      This has been going on for over eighty years without the “informed
      knowledge” of the American people, without a voice protesting loud enough.
      Now it’s easy to grasp why America is fundamentally bankrupt.

      http://www.youtube.com/watch?v=IlCs7u1ihws

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 12:34pm

      It is so obvious you can’t stand a leg vs. me ENCINOM. Please don’t ever attempt another odious retort, promulgating to the masses, your complete lack of ratiocination and knowledge.
      You more than likely will resort to the intellectually inept “paulbot” or “tin-foil hat” remarks, that are bereft of any substantive logic or facts.
      You are seriously pathetic. lol.

      Report Post » ProbIemSoIver  
    • MetalPatriot
      Posted on November 29, 2011 at 12:37pm

      To: Problem Solver

      Thanks for the valuable information. Can you direct me how to learn/research like you’ve obviously done. I‘ve noticed you don’t promote a candidate, as one blogger suggests, but rather purvey information. I, for one, would like to learn & do what I can to help our country for my wife, daughter, family that’s served militarily, all those that have served & died to defend our Republic. Just want to be a REAL patriot akin to what the Founders & Framers envisioned.

      Anyway, just seems like you have tons of info & I’d appreciate some direction.

      Yes, changing the bad guys doesn’t work. It’s time for an engine overhaul.

      A lot of us think G. Soros is behind much of this, but there has to be a lot of others on board…are they all “unethical/immoral/pocketliners?”

      ericnnnghm@msn.com

      Report Post » MetalPatriot  
    • ProbIemSoIver
      Posted on November 29, 2011 at 2:01pm

      @METALPATRIOT
      It is my pleasure to collect and distribute this information to assist in destroying the global elite agenda.
      Simply copy and paste some of my statements, google will lead you to sources.
      AVOID wikipedia. They are of the same ilk as the indoctrinating, revisionist history books we were mandated to use in the Public school system.

      here are some sources:

      dev.republicoftheunitedstates.org

      http://www.barefootsworld.net/usfraud.html

      Usually, when you get to an official law sight you will run into this:
      **[CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL THAT HAS BEEN OMITTED
      AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED
      MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
      RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

      That is because,
      “TRUST ME”
      “I’m Here To Help You.”
      “I Have The Governments Permission To Practice Law.”
      “I’m A Member of the Bar.”
      The attorney is there for one reason. That reason is to make sure the bankruptcy scam (established by the corporate public policy of the corporate Federal Government) is upheld. The lawyer’s will cite no cases for you that will go against the bankruptcy in corporate public policy. The lawyers have to support the bankruptcy and public policy even at your expense. The lawyers can’t go against the corporate Federal Government statutes implementing, protecting and administrating the bankruptcy.

      Report Post » ProbIemSoIver  
    • ProbIemSoIver
      Posted on November 29, 2011 at 3:08pm

      Do I believe they are all bad ?

      5% – 10% – Aware, and there to restore America to pre-1871 Rule.
      5% – 10% – Aware and responsible for destroying America ( Global Elite )
      5% – 10% – Completely oblivious to it.
      5% – 10% – Have heard of this but don’t believe a word of it.
      15% – 20% – Found out through association, and are ecstatic that they are part of the “club”
      15% – 20% – Found out through association, want to expose it, but understand the legal and illegal ramifications.
      15% – 20% – Ex – Attorneys that know all about it and take no issue with it.
      15% – 20% – Ex – Attorneys that know all about and want to expose it, but understand the legal and illegal ramifications. ( JFK assassinated 5 months after signing executive order #11110, granting authority to the Treasury to Print AMERICAN currency, based on a silver standard. This would have devalued the federal reserves notes, based on speculators, ( A private Bank, no more federal than federal express ) to oblivion.

      Report Post » ProbIemSoIver  
  • DesertRose1960
    Posted on November 29, 2011 at 10:41am

    Really, Perry is trying to prove how smart he is by showing how little he knows of the Government? The President can nominate a Fed Chair, the Senate confirms them, but after that, they get to serve their term, immune from firing, and their six year terms usually mean that the President who appointed them will not be the one to re-appoint him. It makes the position of the Fed less political. Also, Geitner has been confirmed by the Senate but he serves at the discretion of the President. When Obama wants him gone, he will go, and if Obama isn’t re-elected, he’s gone anyway.

    And to those of you who would come to Washington and fire all the Democrats on the Hill, you can’t do that, they were elected by their States. They earned the right to be there. Now, if you really want to fire them, you’d have to destroy the Constitution, but I thought you folks were supposed to just love the Constitution.

    Report Post » DesertRose1960  
    • AvengerK
      Posted on November 29, 2011 at 11:09am

      Really TOKYOROSE? The Fed is a creation of Congress. Congress can amend it’s charter and fire the Fed Chairman. A GOP president, a GOP majority in both houses would create the conditions for such an amendment. This is what Perry is alluding to. Furthermore, incompetent laughing stock and Goldman Sachs crony Timmy Geithner has actively worked with the Fed to hide $7.7 trillion in interest rates from congress. You think this is water off a duck’s back do you?
      Go back to your peurile class warfare banalties TOKYOROSE…they’re what you excell in.

      Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 11:59am

      @AvengerK, still dripping with venom, hm? Your petty bitterness amuses me. I‘ll bet you can hardly sit still you’re so interested in putting me in my place. I’ve seen your type before. And when it comes to “peurile class warfare banalities” you’re projecting your actions and motivations onto me. It’s okay, I‘m sure that your fellow Blazers haven’t figured out your game, and I won’t be intimidated. I might be bored to death, but I won’t be intimidated.

      Report Post » DesertRose1960  
    • Psychosis
      Posted on November 29, 2011 at 12:12pm

      wow your dumb

      ( nope, no intimidation needed …………….stupid people dont require it )

      Report Post » Psychosis  
    • AvengerK
      Posted on November 29, 2011 at 12:39pm

      That’s it TOKYOROSE..deflect but dont’ address the issue. The Fed and Obama’s appointee/Goldman Sachs sock puppet have been keeping $7.7 trillion in loans hidden from congress and all you can muster is some lefty buffoonery. Wretched little woman take your foul stench back to Moveon.

      Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 1:12pm

      @Psychosis, “My” dumb, huh? Well, at least I can tell the difference between a possessive pronoun and a pronoun/verb contraction, and I know how to use a comma.

      @Avengerk, You make the presumption that Congress was not informed about the loans or the Executive Branch. The public is not always entitled to know everything that is going on within Government. Also, in a comment below, you said Rep. Frank fought against putting Fannie and Freddie under Congressional control, the reverse is true. He fought to keep them under Congressional regulation. The Bush Administration wanted to move them to an uncreated Treasury department, and Frank resisted. Also, reporters have shown that Freddie and Fanny weren’t in a crisis at this point. In 2003, they only held about 10% in bad paper loans, by 2008, under Bush policies, the amount of subprime loans held by Fannie and Freddie had risen to 20%. The Free Market was encouraging the buying and selling of bundled loans and derrivatives, the creation of which led to the housing bubble and the 2008 financial crisis. But go right ahead and keep blaming lil’ole Barney for the whole thing.

      Report Post » DesertRose1960  
    • AvengerK
      Posted on November 29, 2011 at 6:24pm

      Where to begin TOKYOROSE? You’ve offered so much obfuscation and misdirection it would take an entire board to correct it.
      Let’s go with the concise version.
      You‘ve just excused Obama’s and Goldman Sach’s sock puppet and the Fed from revealing $7.7 trillion in loans with an insipid “the government doesn’t have to tell you”? No really? Your desperation was such that you went with that idiocy? You sickening little wretch.
      Now to educate you further..I didn’t say congressional control sweetie..I said congressional SCRUTINY. You simpleton, did you really think throwing your silly 10% in 2003 would work? So we ignore all the bad paper, accounting problems and dodgy bonus triggers employees of Fannie were doing..that would have been exposed had Barney Frank and Chris Dodd not hidden them from congress? Idiot..you nauseate me.
      Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, would have exposed Fannie and Freddie’s risks but your beloved Frank and Dodd chose to hide those risks from congressional SCRUTINY. It would have given an independent Federal Housing agency authority to address such things as assessment authority; authority to limit nonmission-related assets; minimum and critical capital levels; risk-based capital test; capital classifications and undercapitalized enterprises; enforcement actions and penalties; golden parachutes; and reporting. But according to you TOKYOROSE..better to keep all that hidden yes? You sickening idi

      Report Post »  
    • AvengerK
      Posted on November 29, 2011 at 6:26pm

      Oh and TOKYOROSE..I’ll call your bluff….please…by all means..tell me what “the Bush adminstration” did between 2003 and 2008 that caused the increase in bad loans you cited. This should be hysterical.

      Report Post »  
    • AvengerK
      Posted on November 29, 2011 at 6:36pm

      Let me educate you further TOKYOROSE. Mortgage backed securities (those “bundles” you’ve been told to bleat) should have been based on what sweetie? That’s right tulip….based on sound loans. The loan standards were (and still are are thanks to Dodd/Frank) debased to dangerously low levels in the name of “affordable housing” whereby people who should have never qualified for a loan were granted them through government legislation and pressure on lenders. So these mortgage backed securities were now trading on unsound loans to begin with. Who’s assuring traders that the loans are good? What‘s Fannie’s role in that TOKYOROSE? Idiot. You make this too easy.

      Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 11:38pm

      @Avengerk, How, exactly have you “educated” me? Yes, I see that you’re very capable of patronizing condescension and rabid, drooling vitriol, but what really have you taught me? You’ve sneered at my facts, but no counterfacts are posted. Guess what, the emperor has no clothes! It’s very clear that I really get under your skin and you attack at a visceral level. Like I said before, it’s very amusing! How long does it take you to wash the venom off your screen and keyboard?

      Here is an article I read about the Debt Crisis in 2008. http://www.nytimes.com/2008/10/05/business/05fannie.html?

      You can also read about the repeal of Glass-Steagle and the replacement of administrators in 2003 by the Bush Administration. You have CDOs, Buffet famously described them as “the real weapons of mass destruction”. You might want to read “Bad Money” by Kevin Phillips Dodd-Frank is not responsible for the housing bubble crisis of 2008, since it was passed in 2010. I’m including a short summary of the bill, since you probably haven’t read it.
      http://banking.senate.gov/public/_files/070110_Dodd_Frank_Wall_Street_Reform_comprehensive_summary_Final.pdf

      Here’s another article on the subprime crisis: http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html#ixzz12xTyWY91A

      This is all I have time for, I have to get up early for work. I‘m sure you’ll have a problem with my sources since none of them are Rightwing blogs, so they can’t possi

      Report Post » DesertRose1960  
  • thegreatcarnac
    Posted on November 29, 2011 at 10:38am

    Perry is correct. Fire both of those thieving, conniving, crooks. Than jail them. They had ruined this nation along with their boss….obama.

    Report Post »  
  • garyM
    Posted on November 29, 2011 at 10:31am

    smackdown33
    Posted on November 29, 2011 at 10:27am

    One can not deny the Republican role in creating a bigger government. Bush beat Carter in spending and expanding. His old man, Bush I, made it his goal to revoke Reagan’s economic policies. The Republicans, fake conservatives, are actually more evil than the ‘in your face’ Democrats.
    __________________________________________________________________________
    Ignorance like this is why we still have Obama, Bernanke and Geitner!

    Report Post »  
  • Penn
    Posted on November 29, 2011 at 10:28am

    “The Crearture from Jekyll Island’ by G. Edward Griffin is an interesting read. Look past the conspiracy and Bircher comments and focus on the mechanics of nationstate-killing (my term). The Fed is the murder weapon and Bernanke/Geithner/Obama are the final triggermen.

    Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 10:43am

      John Birch Society and Alex Jones propaganda. Of course, W. Cleon Skousen was a Bircher mouthpiece, even though he never officially joined them.

      Report Post » DesertRose1960  
    • smackdown33
      Posted on November 29, 2011 at 10:52am

      Desertrose, if it’s true, it’s true. It doesn’t matter who the mouthpiece is. Einstein loved Marx, and it did not change the truth of his science.

      Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 12:46pm

      @smackdown, Yes, but no matter how many people believe it, snake oil is still snake oil. The Birch Society and it’s loyal minions, Beck, Skousen, Jones, and Griffin, make things up out of whole cloth, conjecture, conflation, distortion, appearances, and paranoid fantasies, and attempt to pass them off as truth. It doesn’t make it so.

      Report Post » DesertRose1960  
    • AvengerK
      Posted on November 29, 2011 at 6:40pm

      LOL…paranoid fantasies TOKYOROSE? You’re on this very board bleating about the doom to befall us from the free market. Idiot. Projecting your own shortfalls on others isn’t going to help you, you dullard.

      Report Post »  
  • garyM
    Posted on November 29, 2011 at 10:22am

    JRook
    Posted on November 29, 2011 at 10:11am

    Well let’s not forget Bush Jr. and his team that actually presided over the economic melt down and bank bailouts. But I guess if you listen to Rush often, timing on these kind of things gets a bit mixed up. Just like when Rush tries to credit Reagan with the economic, internet bubble driven boom under Clinton.
    __________________________________________________________________________________
    I would explain more to you about how government works but you wouldn’t understand, you’re too dense!

    Report Post »  
    • smackdown33
      Posted on November 29, 2011 at 10:27am

      One can not deny the Republican role in creating a bigger government. Bush beat Carter in spending and expanding. His old man, Bush I, made it his goal to revoke Reagan’s economic policies. The Republicans, fake conservatives, are actually more evil than the ‘in your face’ Democrats.

      Report Post »  
    • garyM
      Posted on November 29, 2011 at 10:29am

      And yes I like Rush, he is smart enough to figure out who the crooks are, I wished you were too JROOK!

      Report Post »  
  • Eliasim
    Posted on November 29, 2011 at 10:14am

    What good is firing them now going to do?

    Report Post »  
  • Nations
    Posted on November 29, 2011 at 10:11am

    I am a Texan, and I have worked for a number of politicos and governors as a strategist and marketers. If Rick wants to revive his run for president he must do one thing. Tell it like it is. BS is now over. He needs to come out and shoot straight and back up why things must be done the American Way. He must be truthful and humble at the same time. Rick, get out there and start talking. Don’t let up and stop playing around. Get serious and move. Move among the people. Keep your mind on the game and do not let up. Put someone in charge of constantly pushing you to reclaim our national patriotism. Don’t pee on our legs and tell us it is raining.

    Report Post » Nations  
    • smackdown33
      Posted on November 29, 2011 at 10:22am

      College education for illegals is a bad start. Not building a border fence was a bad follow. Opposing Brewer’s anti-illegal immigration legislation was enough. He’s a fraud, or very confused.

       
    • ProbIemSoIver
      Posted on November 29, 2011 at 10:47am

      How is this for telling it like it is ?????
      In 1913 the federal reserve act was passed to allow a central bank to issue and control our currency in case of any future emergency.
      well guess what ?
      1929 was the deliberate and orchestrated depression, follow by the orchestrated bankruptcy of 1933.
      The federal reserve said “We will give bail you out U.S.A., What do you have as collateral?”
      The progressive/socialist saturated administration said WE will pledge our CITIZENS, government ( judicial, legislative and executive branches ) and PRIVATE LAND as collateral.
      Birth certificates became law in ALL states in 1933 and social Security in 1936. These were bonds for the creditors.
      Property taxes came soon thereafter. think you own your property? check your deed’s fine print.
      It says you are a “tenant”.
      The receivers of the Bankruptcy took control of D.C. in 1933 and have not relinquished powers since.
      WE have been bankrupt on purpose, ever since.
      We operate only on fed loans. All your taxes go to decades-old interest and debts.
      The secretary of Treasury is the manager of the bankruptcy. The people at the top ( Not our government ) at the federal reserve, give Geithner loans packages to present to congress and Odumbo to promote and sign it. Congressmen don’t read bills. They don’t write them either.
      they have slowly been dismantling our Constitution slowly, because if people noticed what happened or what they did, It would be over for them

      Report Post » ProbIemSoIver  
  • Detroit paperboy
    Posted on November 29, 2011 at 10:09am

    The only way out of this mess is to cut govt. By 75% and unleash the engine of the private sector, the problem is , that govt workers know they could never make it in the real world so they must resist any and all cuts to their gravy train….. Our founders clearly warned us of the dangers of a powerful federal govt…. We need to listen to Jefferson, Adams, and Franklin…. The answers are right in front of us , wake up people !!!

    Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 10:50am

      Jefferson, Adams, and Franklin lived two hundred years ago. Their world was a small, rural, agricultural, pre-Industrial Revolution economy. They did not have to deal with a huge nation of 330 million people and international economic complications. There were no police forces, no medical system, no insurance companies, almost no roads, no internet, no standing military and people ate food they grew or knew where it came from. Trust me, you would not want to live in that world today. That unregulated Free Market would kill you shortly after it cheated you of all the money you had.

      Report Post » DesertRose1960  
    • AvengerK
      Posted on November 29, 2011 at 11:24am

      Please NOSTRAROSIE…take your prophecies of doom about the free market back to Huffpo where they’re applauded. Credible oversight is what’s needed along with SENSIBLE regulation..not your state run socialist utopia and it’s over-regulation. Please…your immaturity on the subject is exceeded only by your zeal to speak on what you clearly have no grasp of.
      Example NOSTRAROSIE? In 2001 and 2005 the GOP attempted to bring Fannie Mae under congressional scrutiny…both measures were stonewalled in committee by members and chairs like your corpulent Barney Frank and corruptocrat-extraordinaire Chris Dodd and prevented from going to the floor for a vote. OVERSIGHT NOSTRAROSIE..when corruptocrats and incompetents prevent oversight in the name of idiocies like “affordable housing:” we get messes like the mortgage meltdown. But what about “Dodd/Frank” I hear you bleat? It does nothing to address Fannie‘s and the FHA’s recklessly low lending standards. The same conditions have been perpetuated by your liberal representatives. Dodd/Frank still allows the FHA to offer loans with only 3.5% down. It still allows lenders to loan under 20% under specified conditions. While it puts the thumbscrews on banks and financials like a nice piece of statist legislation. The result? Investors are keeping billions of dollars on the sidelines thus choking the engines of growth and employment in this country. I have a lot more for you sweetie is you want to pursue this.

      Report Post »  
    • Detroit paperboy
      Posted on November 29, 2011 at 11:38am

      @desertrose
      200 years ago they saw the same things we see today, power concentrated at the top, instead of local accountability, i dont care if they dressed different, these are lessons for the ages and they hold true today more so than ever, we have a federal govt out of control. Period. And that incudes the military industrial complex. Tiny federal govt is the answer. Local accountability is the answer. Unleashing the private sector and stopping the ambition killing freebies is the answer. I know you want to dismiss our founders but you cant. The saw this all before … It may be history pal, but its recent history…..

      Report Post »  
    • DesertRose1960
      Posted on November 29, 2011 at 11:15pm

      @Detroit Paperboy, The problem with you Beck fans is that you’ve stripped the Founding Fathers of their humanity and turned them into all-wise, all-knowing plaster saints. They addressed the problems that they were living with, but they would have no idea how to deal with current problems, unless, of course, they grew up with them and were of this time. People may not have changed, greed is still a prime motivator. Some of the Founding Fathers did fear large governments, but others, like Hamilton, were in favor of expanding Federal power. We lived through an unleashed, unregulated free market. It was called the Industrial Revolution. Trust me, you would not want to return to those times. Study history, and then see what is happening in the rapidly developing, nearly unregulated economy of China. That‘s what you’re asking for, again. Also, how will local authority take responsibility for imported goods? The Chinese aren’t that different from us, and we have our own history of dangerous products and unsafe working conditions. I do not want to see them returned here. The owners of the Triangle Shirtwaist Factory, the site of a famous fire, were fined for locking the doors on their employees, thus leading to their tragic deaths, were accused of doing the same locking of fire escapes and back doors only a year or two later. Where money is involved and corners can be cut, they will be.

      Report Post » DesertRose1960  
  • garyM
    Posted on November 29, 2011 at 10:07am

    Yea Rick I would too, I’d fire every democrat on the hill!

    Report Post »  
    • JRook
      Posted on November 29, 2011 at 10:11am

      Well let’s not forget Bush Jr. and his team that actually presided over the economic melt down and bank bailouts. But I guess if you listen to Rush often, timing on these kind of things gets a bit mixed up. Just like when Rush tries to credit Reagan with the economic, internet bubble driven boom under Clinton.

      Report Post »  
    • garyM
      Posted on November 29, 2011 at 10:20am

      Let’s not forget that in 2007 while Bush was presiding as President, both houses of congress was controlled by the democrats, they took control in 2006 after meatheads like you elected them, one year prior to the meltdown. I know you didn’t take a civics course in school or you would know that the congress controls the federal purse strings and not the president. Bush will tell you now he screwed up listen to these two nuts in charge of the treasury that are clearly democrats!

      Report Post »  
    • smackdown33
      Posted on November 29, 2011 at 10:29am

      Let’s not also forget that Bush came in with a Republican House and Senate; and did nothing.

      Report Post »  
    • Detroit paperboy
      Posted on November 29, 2011 at 10:30am

      @jrook
      Actually the meltdown occured almost immediately after the Democrats took both houses of congress in 07… Just a little fact you left out. Im no fan of Bush for sure but the congress has a lot more sway on the economy than the president…

      Report Post »  
  • smackdown33
    Posted on November 29, 2011 at 10:06am

    We need to fire the Fed. They’ve been stealing, and redistributing America’s wealth around the globe for decades.

    Report Post »  
    • Eliasim
      Posted on November 29, 2011 at 10:18am

      It’s kind of like a tick in that if you pull it out too quickly, the head may stay under the skin to cause infection. It must be done delicately. Or not. I for one think the damage is irreversible, and people waited far too long to wake up.

      Report Post »  
  • TRONINTHEMORNING
    Posted on November 29, 2011 at 9:57am

    Gee, makin’ news today, huh Perry? Good grief.

    Report Post »  
  • AxelPhantom
    Posted on November 29, 2011 at 9:52am

    Fire Bernanke and Geithner …Duh!

    Report Post »  
  • Detroit paperboy
    Posted on November 29, 2011 at 9:46am

    Hey Rick, do you remember the third person you would fire ???Dumbass

    Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on November 29, 2011 at 9:44am

    Understand clearly, 7.7 TRILLION is all that we so far KNOW ABOUT, how many other loans and mass bribes, coersions and such has been “guaranteed” and forced onto others by the Fed’s and by the administration for the purpose of destroying this nation?

    How many other secrets are still awaiting to be found out about?

    Bring down the administration for the treason each and every one has been openly commiting now.

    Report Post » Snowleopard {gallery of cat folks}  
    • Baikonur
      Posted on November 29, 2011 at 10:44am

      Who are the ‘Cat Fol’ voting for this election? Are they of the same opinion, or do you have to convince them too? :)

      Silly fa.g

      Report Post » Baikonur  
    • Plan B
      Posted on November 29, 2011 at 10:48am

      Why more are not calling for an audit of the Federal Reserve is beyond me.

      Report Post »  
  • jschbe100
    Posted on November 29, 2011 at 9:43am

    Looks like Washington, DC has adopted to Chicago style politics. We just need Mayor Daley turning off Obama’s teleprompter.

    Report Post » jschbe100  
  • blaaaaackwoman
    Posted on November 29, 2011 at 9:43am

    What is everyone upset about? The money went to the top 1%, the bankers. Why must we always pick on the 1%?

    Report Post »  
  • Turtleman
    Posted on November 29, 2011 at 9:42am

    Gee, does this surprise anyone? My spouse and I kept asking each other over the last couple of years “Where’s the money?”

    Report Post »  
  • V-MAN MACE
    Posted on November 29, 2011 at 9:41am

    We don’t care what you WOULD do, Bilderberg Perry.

    GO AWAY.

    Ron Paul 2012.

    Report Post » V-MAN MACE  
1 2

Sign In To Post Comments! Sign In

Sign Up For Our Newsletter!

Glenn Beck Radio

Listen to Glenn Beck 24/7 Listen Now
Restoring Love