Once again we get proof that the law only applies to the little guy, bankers and politicians are above the law. Isn't America great?
Yellen said there are some things about the big banks that don't belong in the public domain? Really? There are public companies with shareholders and she thinks there are things these banks do that shareholders have no right to know but it is OK for the Fed to know?
So tell us Janet, what have these banks done that the public can't know? You and I both know what they have done and are doing but the Fed doesn't want you to know! Remember, these are primary dealers for the Fed, the ones buying stocks and bonds with the Fed's money!
Is no one disturbed by the fact that banks take positions in physical oil, metals and real estate? They are supposed to act as brokers and lenders, not owners of such things! They manipulate everything to screw the public, keeping prices artificially high! It is time to not only audit the Fed but to audit these banks and put everything in the public spotlight!
Isn't it ironic that the Congress and Senate grill the Fed when they are the ones who spend 1/3 more than the government takes in knowing that the only way they can keep going is if the Fed prints money and buys our debt via their dealer banks! The whole system is corrupt!
So you think about that as a shareholder, you aren't even allowed to know what the company is really up. Everything is a lie in this country, no one follows the rule, especially the Fed and their banks! Anything that is material information to shareholders has to be made public, that is the law!
Right on schedule! Every #$%$ trader on Wall Street looks smart once again thanks to central banks intervening in the markets once again!
They are clueless and out to rob this country blind. They and they alone are the ones who destroyed this country with their endless devaluation of the dollar.
Doesn't anyone understand why crude fell and keeps falling? Your government filled the SPR, we now have almost 1 billion barrels of oil in storage and since your tax dollars were buying that oil, they kept the price above $100. Last fall the SPR was full and the government stopped buying oil. Now there is no one to sell all the excess oil to so everyone dumped it as fast as they could and the price collapsed.
The so called demand wasn't really demand at all, it was being put in storage. There is literally no where to put the stuff now.
All for show, they are all corrupt and owned by bankers. They sold their souls 100 years ago to the banking cartel. Congress runs nothing, every one of them is in office because Wall Street bankers put them there!
You should because these bankers are out to destroy you. The want inflation and that means your dollar will lose buying power. Only precious metals will protect you!
She knows exactly what she is doing and so do our politicians! They are draining this country, all the money goes to bankers and so called "investors". All our debt is public but Wall Street's profits are private! Savers get nothing but the average Joe who wants to borrow pays an arm and a leg while AAPL can borrow at .28% for 10 years to buy back stock!
I see, so you can borrow your way to prosperity, right? I guess so if you have no intention of ever repaying your debt:-).
Everything is so wonderful they need to stay in full emergency mode! This bubble will get WAY out of hand as it always does and then the Fed will see that trillions will not fix the next crisis! They are way behind the curve again.
Yup, 10AM sharp yet again. Please tell me one more time these markets are rigged:-).
Janet's message is clear, there will be no end in sight to our Ponzi. We can't raise rates, we will intervene in every market and our banks are above the law, they can do whatever they like because we own you!
They have painted themselves in to a corner! Bonds would implode and derivatives would implode, you won' see them raise rates until the next planned grand theft by Wall Street which will come in 2016/2017.
I wonder why no one cares to enforce the laws under the RICO statute? Oh, that's right, the chosen ones are above the law because they bought everyone already and they have dirt on every politician in the country!