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Old 09-27-2008, 10:53 AM
stompk's Avatar
stompk stompk is offline
I work for God
 
Join Date: Jan 2008
Location: In the valley
Posts: 542
Default Re: The Emergency Lending Fund. $3000 Gold?

Quote:
One reason the rolling financial crisis is hitting regional banks later than it walloped Wall Street is because the very system that is meant to protect depositors -- federal insurance -- has also served to prop up weak lenders. So has the ready supply of credit extended to banks by another government-chartered group, the Federal Home Loan Banks.
...
Treasury Secretary Henry Paulson, in a little-noticed action on Sept. 7, the day after he announced the bailout of Fannie and Freddie, extended a secured credit line to the FHLB to provide an emergency source of funding if needed.
Bloomberg.com: Invest

Good ole Hank. What a crook!

But he has a silent partner, that no one seems to know about.

Quote:
The FDIC shares regulatory authority with other agencies. The Office of Thrift Supervision oversees federally chartered savings and loans, the Comptroller of the Currency monitors national banks, and state banking regulators review state- chartered banks.
The Comptroller of Currency.

Who is this?

Quote:
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks.

The OCC was established in 1863 as a bureau of the U.S. Department of the Treasury. The OCC is headed by the Comptroller , who is appointed by the President, with the advice and consent of the Senate, for a five-year term. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation (FDIC) and a director of the Neighborhood Reinvestment Corporation.
OCC: About the OCC

Quote:
Currently, the Comptroller of the Currency is John Dugan.
Office of the Comptroller of the Currency - Wikipedia, the free encyclopedia

Guess who is also the head of the Joint Forum. John Dugan

Quote:
The Joint Forum was established in 1996 under the aegis of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to deal with issues common to the banking, securities and insurance sectors, including the regulation of financial conglomerates. The Joint Forum is comprised of an equal number of senior bank, insurance and securities supervisors representing each supervisory constituency.

Chairman

Current: John C Dugan, Comptroller of the Currency, United States
Joint Forum

Now it is the Joint Forum, and the Basel II system of banking, that is giving large international banks power over smaller, national based banks.

The Basel II system was being blocked by the last Comptroller, until he was ousted and none other than President Bush appointed John Dugan as the inside terrorist.
Basel II Accord - Wikipedia, the free encyclopedia
http://www.occ.gov/ftp/release/2008-81a.pdf

They are hijacking our economy!!!

Coming next. Who are they.

Last edited by stompk : 09-27-2008 at 10:58 AM.
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