~ Illuminati News ~

~ The Truth Will
 Set You Free ~

Site Search | Site Map | Biography | Disclaimer | Website on DVD | Donations | Contact

  Posted: Sunday, March 23, 2008, 10:42am

Last Updated: Sunday, March 23, 2008 12:07:44 PM



Site Map

Read First!!!

News & Updates

US Constitution

The Illuminati

Secret Societies

New World Order


Banking & Paper Money



Technology & Science

Media Control

UFOs & Aliens

Mind Control

Art & Mind Control



War on Terrorism

Manmade and
Natural Disasters

Religions & Religious Wars

Wars Towards a New World Order

Government Patents To Control Us





Spiritual Solutions

Articles by Wes Penre

Guest  Writers



Video & Audio Room


Website on DVD



Copyright Fair Use


Site Search

Contact Webmaster


The Four New Sheriffs Of Wall Street
by Francesco Guerrera, Krishna Guha and Gillian Tett, Financial Times, March 21, 2008


Comment: Here we have a new example of the Illuminati modus operandi, Problem-Reaction-Solution:.

Problem: Threat of a huge financial crisis that the Illuminati created on purpose.
Reaction: The public gets terrified and demands that someone is done about it.
Solution: More power to the privately owned Federal Reserve Bank for tighter control.
Wes Penre, www.illuminati-news.com

Bear Sterns
Bear Sterns


The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms.

Bankers say the greater authority is a direct consequence of the Fed’s extraordinary decisions to extend a $30bn credit line to help JPMorgan Chase’s takeover of Bear and to lend emergency funds to securities houses for the first time in more than 70 years.

“There is a new sheriff in town,” said a senior banker. “The Bear situation changed everything: people saw death before their eyes. The Fed and Treasury are in charge now and are not going to let go”.

Under a regulatory regime dating back to the 1930s, the Fed oversees commercial banks, but investment banks are primarily regulated by the Securities and Exchange Commission.

But as the credit crunch deepened, Ben Bernanke, Fed chairman, Tim Geithner, president of the New York Fed, Hank Paulson, Treasury secretary, and Robert Steel, his number two, have been in unusually close contact with Wall Street executives.

People close to the situation said the Fed and Treasury feared further problems among securities firms could destabilise the financial system and expose US taxpayers to sizeable losses on the new Fed loans.

Their stance has triggered talk of new financial services legislation, with bankers and politicians, including Barney Frank, House financial services committee chairman, asking whether investment banks should be regulated by the SEC or the Fed.

An extension of the Fed’s powers to investment banks might force them to reduce risk and leverage in order to comply with the tougher requirements faced by deposit-taking banks.

However, any change would require legislative action, which looks increasingly difficult ahead of the November presidential election, and could be even more problematic under a new Administration.

The SEC said different agencies were functioning as “equal partners at the regulatory forefront”

Wes Penre


Wes Penre is a researcher, journalist, the owner of the domains Illuminati News and Zionist Watch and is the publisher of the same. He has been researching Globalization and the New World Order and exposed the big players behind the scenes for more than a decade now. He has published his research on the Internet at the above domains, which are currently updated to keep people informed what is going on. You can also find his articles linked up, discussed and republished all over the Internet.

In addition, he has done spiritual research to present a solution to the problems of this world. His MySpace website address is: http://www.myspace.com/wespenre.

http://www.hiddenmysteries.com - Click on the picture to order
Click on the pic to order!


Source:  http://www.ft.com/cms/s/803541a6-f78c-11dc-ac40-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F803541a6-f78c-11dc-ac40-000077b07658.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.roguegovernment.com%2Fnews.php%3Fid%3D7598&nclick_check=1

This page may contain copyrighted material, the use of which has not always been specifically authorized by the copyright owner. I am making such material available in my efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Free Stuff: Wallpaper - Screensaver - Ringtone - Animation - Game - Clip art - Theme - Template - Font

Design downloaded from FreeWebTemplates.com
Free web design, web templates, web layouts, and website resources!