Is B. Bernanke related to B. Madoff?
Let's see, for thirty years B. Madoff's clients lived life high on the hog...the money grew at 10% like clockwork. When clients needed a withdrawal, all they had to do was write a check and all was fine...until one day B. Madoff's clients learned there was really no money in their accounts and it was all one big Ponzi scheme.
Is B. Bernanke really any different? He tells us there is money in our accounts. We are told our accounts are insured. But now we are finding out that banks with negative capital are being allowed to accept deposits in violation of the law...is that really much different than B. Madoff accepting deposits and faking statements?
In addition, we are likely to find out that if the FDIC actually fulfilled its legal obligations, it would be broke....so then what?... borrow from B. Bernanke, but he is broke too.
Isn't he the one that told us that sub prime was contained?
At this point, if B. Bernanke lied about Sub Prime....how do we know that the Fed is solvent? How do we know that the money we accept for our labor really has any value? All is fine now.... as any potential Ponzi scheme has not entered the collective consciousness of the nation.
But if Bankers keep taking more in bonuses than the banks earn, will the people will continue to trust the banks? What happens if we audit the Fed and there really is nothing there? We know that Corus and Colonial have less than nothing and the FDIC is keeping them operating......in the end, has the entire nation been duped into the biggest Ponzi scheme in human history orchestrated by B. Bernanke and his gang of banksters?
Seems logically possible as banks with negative capital are continuing to operate and accpet deposits and distribute those deposits to other bank customers......
Stay tuned, things are unwinding quickly....9.09 is less and less time.