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Bernanke: Conspirator or Scapegoat?

June 24, 2009

We have seen a great deal of questionable activities over the past year or so. We have already been through market manipulation and commodity fixing, tax evasion and sex scandals. Now we are learning about the possibility of one of the most respected positions in our government involved in a multi-billion dollar cover up. Would that even surprise you these days? Probably not, as nothing is a surprise anymore.

But what are the implications if it is concluded that Federal Reserve Chief Ben Bernanke and Former Treasury Secretary Paulson had pressured Bank of America’s (BAC) CEO Ken Lewis to keep material information from shareholders?

Read the full article on MSN Money’s Top Stocks

Below are a few FED emails that will be presented/discussed at tomorrow’s hearing (Hat tip ZeroHedge)
fed.e-mails


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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Written by Andrew Horowitz · Filed Under Economy, Markets 

Comments

2 Responses to “Bernanke: Conspirator or Scapegoat?”

  1. Jon on June 25th, 2009 3:30 am

    I remember the monday after that weekend. I just can't believe this surprises ANYONE… If it surprises someone that the powers that be in the government, especially the previous administration have been hiding the real truth from the citizens… Then shame shame… that person should go an bury their head in the sand for another 10 yrs… by that time we should have much of this figured out.

    Until then, I wanna know how bad or good it is… but I want the truth. I don't want the leaders saying, "We have it all under control, your job as a citizen is to spend".

  2. Andrew Horowitz on June 25th, 2009 3:42 am

    —

    Have you ever looked at the durable goods orders reports . In particular, look at revisions and how they are adjusted down over the last few months . Each time the surprise to the upside was virtually taken back and then another surprise appears

    Andrew

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