Simple Simon Meets The Pieman

(Conspiracy Nation, 04/01/08) – Simple Simon, as we know, met a pieman while going to the fair. But which of these is Ben Bernanke: Simple Simon, or the pieman?

Bernanke, chief of the “Federal” Reserve, is a learned professor. Could a professor be “simple”? With their heads in the clouds, professors often lack common sense. On his way to the fair, Bernanke brings a cash cow. He meets a pieman. “Nice cow,” says the pieman. Next thing you know, “Simple Simon” Bernanke has traded the cash cow for some “magic beans” (asset-backed securities).

But maybe Bernanke is the pieman. After all, he heads the “Federal” Reserve, owned at last report by J.P. Morgan, among others. The CEO of J.P. Morgan, James Dimon, is also a “Class A Director” of District 2 of the “Fed.” (“Iceland: Too Big To Fail”, http://www.shout.net/~bigred/Iceland.html)

So Bernanke could be the pieman, not Simple Simon. There was a “conflicted role played by the Fed of New York” in the Bear Stearns file sale, observes Institutional Risk Analyst. It appears as if “the Fed of New York and [Bear Stearns] both got rolled” by James Dimon, wearing two hats: CEO of J.P. Morgan and District 2 “Federal” Reserve Director.

And what was Henry Paulson, Treasury Director? An organ-grinder with a trained monkey, strolling about the fairgrounds? The Ides of March Bear Stearns deal (“Caesar Bernanke Crosses Rubicon”, http://www.shout.net/~bigred/CaesarBernanke.html) was “the sacrifice,” the Easter Paschal Lamb, designed not to save Bear Stearns but to rescue Lehman Brothers, J.P. Morgan, and Goldman Sachs, theorizes Institutional Risk Analyst. Paulson formerly was a CEO of Goldman Sachs, according to Institutional Risk Analyst. Again, conflict of interest smoke billows around the Bear Stearns fire sale.

“Section 13 of the Federal Reserve Act allows the bank - in 'exigent circumstances' - to lend money to anybody, and take upon itself the credit risk. It has not done so since the 1930s,” wrote Ambrose Evans-Pritchard on March 3, 2008. (“The Federal Reserve's Rescue Has Failed,” London Telegraph). “Au contraire,” suggested controversial figure Lyndon Larouche later that month. Assistance from the “Fed” under Section 13 exigencies “is restricted to commercial banks.” (Emphasis added). Not covered, presumably, by Section 13 would be investment “banks” such as Bear Stearns, J.P. Morgan, and Goldman Sachs. (“LaRouche: Bailout Illegal; Bankers Should Be Jailed,” http://www.larouchepub.com/lar/2008/3513jail_bankers.html)

So Ben Bernanke might not be “simple,” but a veritable Caesar, appropriating powers he does not have. And get this: Dubya Bush and organ-grinder Paulson want to give the “Fed” still greater powers!!

All eyes turn to Rome (Washington, DC). Will National Public Radio (NPR) provide gavel-to-gavel coverage of hearings conducted by Senator Chris Dodd into bankster matters? It does so for other important occasions, so how about this one?

Will the Dodd hearings be pushed off the front page by a woman sitting on a toilet for two years?

And Dodd himself: Is he “Toothless” Dodd, or will his questions have some bite?

Stay tuned.

Conspiracy Nation

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