Fox news had it, Corzine spoke to Dudley of NY FED at least 10 times before the collapse, and content shows Corzine is aware of the collapse. As I mentioned in yesterday post, I am right.
So did Dudley spoke with Timmy and Benny ? Is the missing billion with NY FED in some slush account ?
As the saying goes, let not the crisis be wasted. Whoever score on this is going to win the election.
Before worms comes, it has to rot. And FED is rotten to the core, and worms are appearing. No wonder Benny says he is not rescueing Europe. He has to rescue himself first.
Would this be the Achilles Heel of Benny ? after he managed to perjure congressional hearing to the BoA fiasco ?
Focus would not shift from Europe crisis to American Treasury and Federal Reserve.
As GOD is now found, the second Messiah has come. Jesus is among us.
You know what, when I write about this, Zerohedge and Market Ticker still has not reported about Dudley. Seems like I can claim first spot now.
China
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China Central Banker Zhou XiaoChuan spoke at the CaiJin conference today. He said he would question when the stock market performance deviates from actual economic activities by many times. He said of high frequency activities in the stock market.
So literally for the likes of JPM, MS, GS,Citi, their upside is capped in China. If they move, they would be watched.
And comments to Volker rule is closing, Volker rules say US banks cannot run Asia operations, and they cannot invest using own monies. Somewhat vague, and market participants are not able to interpret. So who wants to try it ?
Literally the impression you get is that US monies are not welcome.
Not to mention, China to slap tax on US car imports. Meaning Gernal Motors, Volkswagen, Ford would have problem.
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