Did Tim Geithner Leak Every Jew Fed Announcement To The (Jew) Banks?

Started by CrackSmokeRepublican, January 19, 2013, 02:21:41 AM

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CrackSmokeRepublican

More on the endless Jew Scams...---CSR


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Did Tim Geithner Leak Every Fed Announcement To The Banks?

Submitted by Tyler Durden on 01/18/2013 18:55 -0500



On August 17, 2007, the Fed's Board of Governors announced a key change to primary credit lending terms, whereby the discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans was extended from overnight to up to thirty days. This reduced the spread of the primary credit rate over the fed funds rate from 100 basis points to 50 basis points. News of the emergency measure was supposed to be kept secret from market participants as it was substantially market moving. It wasn't. And just when we thought our opinion of the outgoing Treasury Secretary and former NY Fed head Tim Geithner, whose TurboTax incompetence is now legendary, couldn't get lower, it got lower. Much lower.

From the August 16, 2007 transcript (page 13 of 37) of the conference call preceding this announcement.

    MR. LACKER. If I could just follow up on that, Mr. Chairman.

     

    CHAIRMAN BERNANKE. Yes, go ahead.

     

    MR. LACKER. Vice Chairman Geithner, did you say that [the banks] are unaware of what we're considering or what we might be doing with the discount rate?

     

    VICE CHAIRMAN GEITHNER. Yes.

     

    MR. LACKER. Vice Chairman Geithner, I spoke with Ken Lewis, President and CEO of Bank of America, this afternoon, and he said that he appreciated what Tim Geithner was arranging by way of changes in the discount facility. So my information is different from that.

     

    CHAIRMAN  :^)  BERNANKE. Okay. Thank you. Go ahead, Vice Chairman Geithner.    <:^0

     

    VICE CHAIRMAN GEITHNER. Well, I cannot speak for Ken Lewis, but I think they have sought to see whether they could understand a little more clearly the scope of their rights and our current policy with respect to the window. The only thing I've done is to try to help them understand—and I'm sure that's been true across the System—what the scope of that is because these people generally don't use the window and they don't really understand in some sense what it's about.

At least we now know who the bankers' mole on the FOMC was before, as gratitude for his services, he was promoted to Treasury Secretary of the US. Because if he leaked one, he leaked them all.   <$>

http://www.zerohedge.com/news/2013-01-1 ... ment-banks
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan