Don Paul Posted June 16, 2011 Report Share Posted June 16, 2011 Biggest Robbery in History? The L.A. Times coverage of the congressional hearings on the Pentagon's Missing $6.6 billion dollars from 20-some Iraqi airlifts of money from the Federal Reserve of New York is the stuff of which Pulitzers might be made. A lot of time has passed though, and the finger pointing could drag on a long time. It may even dog republicorp efforts to regain the WH next year. 1 Link to comment Share on other sites More sharing options...
Candinar Posted June 16, 2011 Report Share Posted June 16, 2011 (edited) Actually that dollar amount sounds small compared to these other ones. 2.3 Trillion missing at the Pentagon : Then 9 Trillion missing at the Fed : Edited June 16, 2011 by Candinar 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted June 16, 2011 Report Share Posted June 16, 2011 They used it to buy Dinar ... 1 Link to comment Share on other sites More sharing options...
joekooltrips Posted June 16, 2011 Report Share Posted June 16, 2011 LMAO--That's a couple of BIG crap loads of Dinar they're buying. And they say there's no such thing as free lunch...... Link to comment Share on other sites More sharing options...
pontiyak Posted June 16, 2011 Report Share Posted June 16, 2011 Nothing but crooks out there...so sad. The best things in life RV yak Link to comment Share on other sites More sharing options...
bodeen Posted June 17, 2011 Report Share Posted June 17, 2011 You don't actually think they spend $20,000 on a hammer, $30,000 on a toilet seat, do you? Link to comment Share on other sites More sharing options...
AZ Native Posted June 17, 2011 Report Share Posted June 17, 2011 Candinar: Good post. Not hard to believe, having worked for a larger Corp. The Military is no exception. Link to comment Share on other sites More sharing options...
LaGrange Posted June 17, 2011 Report Share Posted June 17, 2011 Biggest robbery in history is what keeps happening with the taxpayer's money by our gov. 1 Link to comment Share on other sites More sharing options...
Doctor Smith Posted June 17, 2011 Report Share Posted June 17, 2011 And while all those trillions have been stolen and nothing done about it. They go after the more crucial, damaging criminals. Like Weiner. Weiner exposed himself on the internet. While all the real crimes are being forgotten all energy and attention will be focused on this sacrificial lamb. Link to comment Share on other sites More sharing options...
RV4LIFE Posted June 17, 2011 Report Share Posted June 17, 2011 In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008. "I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake." Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born. "I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'" Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves." Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one. "It'll happen again if we don't take the appropriate steps," Born warns. "There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience." http://www.pbs.org/wgbh/pages/frontline/warning/view/?autoplay#morelink very interesting documentary "THE WARNING" Link to comment Share on other sites More sharing options...
RodandStaff Posted June 17, 2011 Report Share Posted June 17, 2011 And I get upset when I misplace $20.00! Link to comment Share on other sites More sharing options...
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