The Truth About TARP: Bernanke Lied To The Public And Perpetrated A Crime

U.S. Code § 1001:     a) Except as otherwise provided in this section, whoever, in any matter within the jurisdiction of the executive, legislative, or judicial branch of the Government of the United States, knowingly and willfully – (1) falsifies, conceals, or covers up by any trick, scheme, or device a material fact; (2) makes any materially false, fictitious, or fraudulent statement or representation; or (3) makes or uses any false writing or document knowing the same to contain any materially false, fictitious, or fraudulent statement or entry; shall be fined under this title, imprisoned not more than 5 years…(18-USC-1001 link)

My colleague and good friend, John Titus has written and produced an absolutely stunning video documenting the fact that Fed Chairman Ben Shalom Bernanke knowingly lied to Congress when he testified to members of Congress in Nancy Pelosi’s office – and then to Congress at-large – that the $700 billion Taxpayer bailout was required to prevent a collapse of the entire economic system and specifically the commercial paper market.

Titus shows with hard evidence directly taken from Fed documents that the “Main Street” commercial paper market or the main street economy was never at risk.  Nancy Pelosi may be a stark-raving lunatic and corrupt to the core (I would suggest that her husband, a commercial real estate magnate benefited from the big bailout of Wall Street), but Bernanke broke the law and he knew he broke the law.    After you watch this 11-minute video, please pass it along to anyone you know who might still care about this country:

Just to be clear here, TARP was a $700 billion transfer of Taxpayer money to the big banks. A large portion of that money was paid out to the Jamie Dimons and Lloyd Blankfeins for their huge bonuses that year. Treasury Secretary Henry Paulson – who should also be in jail – benefited from the TARP bailout because it saved the value of the $200 million in Goldman Sachs stock warrants he still owned.

The economy was never in danger of collapsing. Yes, the Wall Street controlled financial markets might have experienced a brief disruption, but it would have been a useful device to clean up and reform the interminably corrupt Too Big To Fail Banks.

Our country has “crossed the Rubicon.” There’s no turning back. The elitists running what is left ouf our system will take no prisoners. Unfortunately, it looks like my view that we’re headed for war with the world is starting to unfold…U.S. Upset At West’s Lack Of War Prepardness

7 thoughts on “The Truth About TARP: Bernanke Lied To The Public And Perpetrated A Crime

  1. Great investigation! Thank you for publishing this episode.

    This episode definitely is worth to be documented in history books.

  2. Great summary. These people and most of Congress need to all go to jail. The money refunded thru the liquidation of all they’re assets and then throw away the key. And not some posh jail. A real jail. Until this happens the USA is doomed. And possibly most of the World.

    1. DITTO. CLAW BACK EVERY RED CENT, AT LEAST THE MASSIVE BOUSES THESE CROOKS RECEIVED

      DISGUSTING.

      WANTED POSTERS FOR ALL.

  3. We should have never bailed out the banks, I agree. Americans should be rioting in the streets. The government takes our money without our permission and does what ever they want with it . Thanks President Obama. Hope and change…. my ass. More like ..bend over and smile ….like it or not.

  4. Thank you for a superb presentation. It demonstrates how corrupt our leadership is and basically how powerless “We the People” have become. Most Americans struggle each day to make ends meet. Those is power know this and rely on this fact – most citizens are too busy surviving to pay attention to what is actually happening to our nation. Go to any town hall meeting and see how far you get actually presenting ideas for constructive changes to our republic. Until citizens are pushed into a corner with zero options – most will simply go along to get along.

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