Andrew Cuomo is only partly right in going after Ken Lewis for throwing Bank of America's shareholders under the bus in the credit crisis meltdown. As background, the bank bought Merrill Lynch, which was so underwater on bad loans that BAC stock tanked.

The reason that Cuomo is only partly right is that he needs to prosecute Henry Paulson and Ben Bernanke as well. The chain of command in getting Lewis to approve the purchase of Merrill was Bernanke ordering Paulson ordering Lewis. I wrote at my Dontpaycreditcards.com website this:

The New World Order is a fascism, an American fascism, whereby corporations rule the world. Hedge funds are an integral factor in that control. Hedge funds, for example, started the stock market rally in early March, 2009, with their ability to leverage their purchasing power. Even CNBC reported this as fact. More importantly, the CEO of Bank of America, Ken Lewis, testified in late April, 2009, that he was required to hide from shareholders the fact that Merrill Lynch was a bad investment, a distressed company, because the Treasury Department ordered him to do so.

But Henry Paulson

, then Secretary of the Treasury, told the world that while Ken Lewis was telling the truth, the real chain of command came down from Ben Bernanke of the Federal Reserve. Ben Bernanke told Paulson to order BAC to keep quiet about Merrill or else Lewis and the board of BAC would be removed! This is fascism and I will explain to you why it is fascism.

Bernanke is indeed the authority regarding the banking system, a surrogate of the international banker cartel. It is interesting that the NY Times article fails to mention Paulson's comments. Here is what Paulson said as he recanted blaming the Fed chief:

Paulson says his words were his own and that Bernanke did not ask him to convey a specific message to Lewis, CNBC says.

This is such an outrage. Bernanke is clearly the one in charge. The Fed is a private bank and the Fed is part of the banker cartel worldwide, controlled by just a few families. Here is information about the Federal Reserve bank that everyone should know:

Lewis v. United States, 680 F.2d 1239 (1982)

As Amended June 24, 1982.

Plaintiff, who was injured by vehicle owned and operated by a federal reserve bank, brought action alleging jurisdiction under the Federal Tort Claims Act. The United States District Court for the Central District of California, David W. Williams, J., dismissed holding that federal reserve bank was not a federal agency within meaning of Act and that the court therefore lacked subject-matter jurisdiction. Appeal was taken. The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations. 

The fact that The Federal Reserve is not in anywise a Federal Entity is very well-established. The failure of the plaintiff's attorneys to factually understand this - going into the case - is remarkable in itself. Just because the word "Federal" is used in a businesses title doesn't denote anything of significance.

Like you, I am well-aware that The Federal Reserve is a private consortium and corporate cartel of dubious political interest and wholly undefined political parties - which is certainly not wholly American in their collective nature. As such, it should: have its assets frozen, be politically disenfranchised, be thoroughly investigated, and be ultimately dissolved - in favor of a return to a new Bank Of Congress.

However, they possess a remarkable amount of political pull with our: Ethically, Politically, and Financially Bankrupt ruling elites. Therefore, I cannot perceive this occurring at any point into the far distant future. Can we: Demand it, Work toward it, and Hope for it? Yes! Will it happen? Honestly, No....

I wish I could offer you good news, however I cannot. I am a person who values "The Truth..." and it doesn't honestly look good!

You may be interested in Ellen Brown's views regarding public banks as an alternative to the Fed and the TBTF banks. It is, as you say,Frances, not good news. Interesting that you point out the lack of "Federal" in the Fed. Just like the Bank of England which was established as a Rothschild bank, so is the Fed private. I do take on the Tea Party. You can see my reasons here if you would kindly take the time to check out the thread I started there. http://patrick.net/forum/?p=507475

Central banks controlling the political, social and economic direction of the world has been going on for quite some time and like the Real American stated, don't see it changing anytime to soon.

Too many people are more concerned whether a mosque goes up in New York, what's morally right or wrong in the privacy of one's home and other nonsense that has no bearing anything.

Yes Greg, any diversion from the elite stealing us blind is what politics is all about. Obama did it, and the Republicans are even more obvious about it.

You have written a very informative article with great quality content and well laid out points. I agree with you on many of your views and you’ve got me thinking.70-330
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