Comment: Mildot

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Michael Nystrom's picture

Mildot

Hes referring to Watergate most likely.

I don't know how you can possibly presume to know what Bernanke was referring to. It is best to let people speak for themselves. Obviously you want to defend him - the question is why?

This letter, which Ron Paul had inserted into the Congressional Record, should clarify things for you:

Ron Paul: Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday's Financial Services Committee Humphrey-Hawkins hearing, remarks which Federal Reserve Chairman Bernanke categorized as "bizarre."

Full text:
http://www.dailypaul.com/node/127167

In specific reference to Watergate, we find:

First, consider the Fed’s coverup of the source of the $6300 in hundred dollar bills found on the Watergate burglars when they were arrested at approximately 2:30 A.M. on June 17, 1972 after they had broken into the Watergate offices of the Democratic Party. Five days after the break-in, June 22, 2003, at a board of directors’ meeting of officials at the Philadelphia Fed Bank, it was recorded in the minutes [shown on page 23 of my book] that false or misleading information had been provided to a reporter from the Washington Post about the $6,300. Bob Woodward told me he thought he was the Washington Post reporter who had made the phone inquiry. The reporter "had called to verify a rumor that these bills were stolen from this Bank" according to the Philadelphia Fed minutes. The Philadelphia Fed Bank had informed the Board on June 20 that the notes were "shipped from the Reserve Bank to Girard Trust Company in Philadelphia on April 3, 1972." The Washington Post was incorrectly informed of "thefts but told they involved old bills that were ready for destruction."

There is much more, both in the letter, and the book, Deception and Abuse at the Fed

Once again, I'm looking forward to your clarification.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.