*
IF YOU’RE
NOT CONNECTED TO OBAMA’S CRIMINAL BANKSTER DONORS, OR A MEMBER OF THE MEXICAN
FASCIST PARTY of LA RAZA… YOU WON’T GET A JOB IN OBAMA’S BANKSTER-LA RAZA
INFESTED ADMIN!
THE REASON
WHY OBAMA BROUGHT ON BILL DALEY AS HIS CHIEF-OF-STAFF IS BECAUSE LIKE OBAMA,
DALEY IS AN ADVOCATE FOR OPEN BORDERS AS A MEANS TO KEEP WAGES DEPRESSED WITH
HORDES MORE ILLEGALS, AND IS CONNECTED TO TWO OF OBAMA’S BIGGEST CRIMINAL
BANKSTERS, J.P. MORGAN, AND CHASE!
*“I’m not here to punish banks!” BARACK OBAMA IN THE FACE OF THE AMERICAN PEOPLE, SENATE FLOOR, STATE of the UNION MESSAGE
“Records show that four out of Obama's top five contributors
are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG
($364,806), JPMorgan Chase
($362,207)
and Citigroup ($358,054).”
*
“However, Powell's financial
industry background may also be a source of criticism from analysts who already
see the U.S. central bank as being too cozy with Wall Street.”
THE
CARLYLE GROUP IS THE BUSH FAMILY’S GLOBAL BIG BUSH SAUDI WAR PROFITEERING
OPERATION. THEY ARE A GLOBAL CRIME CONSORTIUM.
“Powell is a
lawyer by training and worked at Dillon, Read and Bankers Trust Co. after
leaving the senior Bush administration and before joining Carlyle Group.”
*
Obama taps economist, banker as Fed governors
By
Laura MacInnis and Pedro da Costa | Reuters – 12 hrs ago
HONOLULU/WASHINGTON
(Reuters) - President Barack Obama will
nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former
Treasury official, to the two empty seats on the Federal Reserve's
policy-setting board of governors.
The
White House's pick of candidates, who have Democratic and Republican
credentials respectively, may help speed their nomination through Congress amid
a sluggish economic recovery that has failed to put a major dent in the
unemployment rate, now at 8.6 percent.
While
neither has laid out detailed views on monetary
policy, Stein wrote a paper earlier this year suggesting he would back
the Fed's unconventional efforts to keep
down long-term borrowing costs, which have been controversial in Washington.
The Fed for over three years has adopted an array of radical measures to keep
interest rates low and spur recovery.
Stein,
who previously worked for the Obama administration as an adviser to the
Treasury secretary and a National Economic Council staff member, specializes in
stock price behavior, corporate investment and financing decisions, risk
management and capital allocation inside firms. He declined to comment on his
nomination.
The choice of Powell, who
served at the Treasury during President George H.
W. Bush's term in the late 1980s and early 1990s, could be aimed at
mollifying Senate Republicans. They blocked Peter Diamond, a Massachusetts Institute of
Technology economist, saying the Nobel prize winner was not qualified for the
job and was too sympathetic to government intervention in the economy.
Powell is a lawyer by
training and worked at Dillon, Read and Bankers Trust Co. after leaving the
senior Bush administration and before joining Carlyle Group. His knowledge of financial
markets could help him fill the gap left by Kevin Warsh, a former Morgan
Stanley executive who acted as Chairman Ben Bernanke's point-man for crisis
negotiations.
FULL
BOARD
However, Powell's financial
industry background may also be a source of criticism from analysts who already
see the U.S. central bank as being too cozy with Wall Street.
Powell
is currently a visiting scholar at the Bipartisan Policy Center in Washington,
focused on federal and state fiscal issues. He was not immediately available to
comment. Both Stein and Powell had already been flagged in various press
reports as likely nominees.
In
response to a deep recession and financial crisis, the Fed slashed interest
rates to near zero and sharply expanded its balance sheet to $2.8 trillion to
keep the economy afloat. Some analysts worry the Fed's asset purchases could
make it harder for the central bank to tighten monetary policy when it decides
the time is right.
If
Powell and Stein are confirmed, it would be the first time since April 2006
that all seven seats on the Fed's board are filled. The term currently filled
by Elizabeth Duke, the last remaining George W.
Bush appointee on the board, is to expire at the end of January, though
governors can choose to stay in office until a successor is confirmed.
Senate
Banking Committee Chairman Tim Johnson, a Democrat, welcomed the most recent
nominations.
"With
the fragile state of the U.S. economy and a looming European debt crisis,
Chairman Johnson believes it is imperative that our financial regulators
operate at full strength," his office said in a statement. "Chairman
Johnson is committed to moving these nominations though the Banking Committee
in a timely manner and is looking to schedule a hearing soon."
(Additional
reporting by Pedro da Costa; Editing by Neil Stempleman and Dan Grebler)
*
OBAMA CAN'T KISS THE BANKSTERS' ASSES ENOUGH, OR TAKE ENOUGH OF THEIR LOOTINGS!
“I’m
not here to punish banks!” BARACK OBAMA IN THE FACE OF
THE AMERICAN PEOPLE, SENATE FLOOR, STATE of the UNION MESSAGE
“Records show that four out of Obama's top five contributors
are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG
($364,806), JPMorgan Chase
($362,207)
and Citigroup ($358,054).”
*
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