Wednesday, December 28, 2011

JEREMY STEIN & JEROME POWELL - OBAMA SERVICES THE BANKSTERS "I'm not here to punish banks.. But only to service them on hands and knees!" Barack Obama, the BANKSTER-OWNED PRESIDENT

 OBAMA IS SIMPLY BUSH’S THIRD TERM.

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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!
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“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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“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.”

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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.”

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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)

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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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JOBS? THEIR ASSAULT ON THE AMERICAN WORKER CONTINUES! Democrats and Republicans conspire to impose cuts on Detroit workers

Democrats and Republicans conspire to impose cuts on Detroit workers

Government of the rich, by rich and for the rich

Government of the rich, by rich and for the rich

THE REASONS OUR BORDERS ARE LEFT OPEN & UNDEFENDED IS TO ASSURE THE DOWNWARD PRESSSURE ON WAGES.

THE LA RAZA OCCUPATION DEPRESSES WAGES FROM $300 TO $400 BILLION PER YEAR!

ON TOP OF THESE DEPRESSED WAGES WE ARE FORCED TO DEAL WITH THE STAGGERING MEXICAN CRIME TIDAL WAVE, AND THEN PAY THEM WELFARE FOR THEIR ANCHOR BABY BIRTHING.

UNEMPLOYMENT IN PARTS OF CALIFORNIA, PARTICULARLY THE INLAND EMPIRE AND CENTRAL VALLEY, APPROACHES 30%....... UNEMPLOYMENT IN MEXICO IS BELOW 6%!!!

FROM BILL GATES, TO BILLIONAIRE MAYOR BLOOMBERG OF NYC, TO THE RICEST MAN IN THE WORLD AND OWNER OF THE NEW YORK TIMES, MEX CARLOS SLIM, YOU WON'T FIND A BILLIONAIRE THAT DOES NOT SUPPORT OBAMA'S OPEN BORDERS, SABOTAGE OF E-VERIFY, AND NO LEGAL NEED APPLY!

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(THESE FIGURES ARE DATED BY FIVE YEARS!)

“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.

from the May 28, 2009 edition - http://www.csmonitor.com/2009/0528/p09s01-coop.html

What we're seeing is our Congress and national leadership dismantling our laws by not enforcing them. Lawlessness becomes the norm, just like Third World corruption. Illegal aliens now have more rights and privileges than Americans. If you are an illegal alien, you can drive a car without a driver's license or insurance. You may obtain medical care without paying. You may work without paying taxes. Your children enjoy free education at the expense of taxpaying Americans.