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Meet The World's First "Undercover, Super-Secret Central Banker"
First a secret "Doomsday book", and now this?
Flash back to those days in September 2008 when the financial system was on the verge of collapse and when first Lehman failed and then AIG was knocking on heaven's door. While the story of the former has been written, it is the still incomplete history of the latter that is the reason why Hank Greenberg, the largest shareholder of AIG at the time, is suing the US government for bailing out AIG, alleging the US exorted shareholders when it provided a $182 billion bailout to the insurance company whose Joseph Cassano had seemingly sold insurance on every insolvent mortgage-related security: a strategy which worked in a rising market and led to a near systemic catastrophe when the market crashed.
We won't debate the merits of Greenberg's lawsuit, which is currently raging in court under STARR INTERNATIONAL COMPANY V. UNITED STATES, U.S. Court of Federal Claims 11-cv-00779 (it should be painfully clear by now that neither AIG nor crony capitalism as it exists now would have survived had Goldman and its NY Fed branch not extended several trillion in taxpayer funds to preserve the status quo), however we will note one thing: recall that when the terms of the AIG bailout first made waves in 2010 courtesy of Darrell Issa we found out something pecliar: none of the members of the Fed had any intentions on making their procedure public.
As Reuters reported back then:
New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.
The emails, given to Capitol Hill lawmakers by the New York Fed, revealed that some officials at the New York Fed were surprised and displeased by AIG's plan to file an exhibit with the U.S. Securities and Exchange Commission that would provide specific details of the Fed-engineered rescue package.
Lawmakers have labeled the AIG rescue a "backdoor bailout" to 16 large U.S. and European banks.
In a November 24, 2008 email, Alex Latorre, a New York Fed assistant vice president, asked: "But can they make these docs public without our consent? Aren't we parties to this and shouldn't we have a say?"
Paul Whynott, a New York Fed vice president, responded, "I noted that making the documents public was not contemplated in our last turn."
Why indeed should the Fed think that it is accountable to the US public: after all by now it has become abundantly clear the Fed only works for a very tiny subsegment of the broader population: those who have a personal net worth of at least $50 million or more.
Nonetheless, after much legal fighting most of the documents ultimately did make it into the public domain and as many expected it was proven beyond a doubt that the Fed had an explicit motive of bailing out the otherwise insolvent banks that also happened to be the Fed's directors: entities such as Goldman, JPM, Citi, Merrill (if mostly their bonuses) et al.
And while that may have come as a surprise to the Fed, which recently was stunned to learn that its cooption by Goldman Sachs had been documented by one of its former staffers in the form of some 47 hours of secret tapes, one person knew all along that things could very well escalate and become not only public information, but information of a very angry public if the Fed was unable to preserve a paper-wealth status quo in which personal wealth came from a printer.
That person was one Quince, Edward.
There is one problem: Edward Quince never actually existed. Instead, as the WSJ reports, "Mr. Quince was the pseudonym then-Federal Reserve Chairman Ben Bernanke used on emails when he was conferring with colleagues during the financial crisis. The false name was revealed as evidence as part of a class-action lawsuit against the government by shareholders of American International Group Inc.AIG -2.92%, which received a giant Fed-backed bailout as it teetered toward collapse."
Yup: the world's most powerful central banker was so terrified of leaving a paper trail with his real name in what he clearly realized was borderline illegal meddling in the financial system, he felt compelled to use a pseudonym!
A Justice Department lawyer, Kenneth Dintzer, introduced emails to and from Mr. Quince as evidence in the case on Wednesday, blowing the cover on the world’s perhaps first undercover, super-secret central banker.
On Saturday, Sept. 13, 2008, then-Fed vice chairman Donald Kohn sent an email to then-Fed governor Kevin Warsh, then-New York Fed president Timothy Geithner and the mysterious Mr. Quince, relaying a conversation Fed officials had with AIG. The insurance giant at the time was running out of access to short-term funding, a problem government officials feared could have a calamitous global impact. AIG officials wanted Fed assistance–fast.
“They were vague as to what they expected from us but it sounded like an open-ended liquidity factility,” Mr. Kohn wrote. “‘A bridge to nowhere’ at this point.”
Later in the email, Mr. Kohn went on: “At the end we could blink if they are too connected to fail, but that will open up an unknown can of worms in terms of access to discount-window credit.”
Mr. Quince replied shortly thereafter: “We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous.”
As it turns out, the Fed did blink. Two days after the email Lehman went bankrupt and the biggest depression in US history started, which naturally meant that the Fed had no choice but to double down, and to make mandatory moral hazard its one and only strategy.
That also is very much known. What is not known is why the Fed's chairman was, in official communications, using a made up name?
Mr. Dintzer, the Justice Department attorney, told everyone in the courtroom that Mr. Quince was in fact Ben Bernanke, which Mr. Geithner confirmed on the witness stand.
What is perhaps most shocking is that in a room full of lawyers nobody asked the $64,000,000,000,000 question: why did Ben Bernanke feel compelled to use a pseudonym?
It’s not clear why Mr. Bernanke used a false name for emails during the crisis or when the practice started.
And yet, somehow we have a feeling that Bernanke's surprising departure from the Marriner Eccles building last year, the fact that the DJIA is about to go red on the year, and the fact that nothing that caused the financial crisis of 2008 has been fixed, are all connected.
According to the WSJ, a search of other records shows at least one public reference to Mr. Quince before now. In a hearing of the House Oversight and Government Reform Committee in January 2010, Rep. Spencer Bachus (R., Ala.) read a piece of an email dated March 2009, citing Mr. Geithner (by then the U.S. Treasury Secretary) and William Dudley of the New York Fed: “Secretary Geithner e-mailed William Dudley and Edward Quince, and he said, ‘Where are you on the AIG counterparty disclosure issue?’ You know, are you for disclosing or not?”
The email apparently went on a screen at the hearing, a transcript of the event suggests, but there was no other mention of Mr. Quince after that.
The search for meaning continues:
Furthermore, a Fed spokeswoman, who confirmed Mr. Bernanke’s use of the pseudonym, wouldn’t say why he was using an alias. She said the name didn’t have any particular significance.
Edward Quince doesn’t exactly seem like the type of name you pull out of a hat, but it’s hard to tell what the significance might have been.
Hmm, let's see: Edward Quince.... Quince, Edward.... QE....
Nope. No significance at all.
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The chipper will be placed under the guillotine allowing each bankster's disembodied head to bounce into the hopper, with the outflow chute pointed at a blank canvas to create macabre Pollock-esque masterpieces which will then be auctioned at Sotheby's with all proceeds donated to the Make-A-Wish Foundation for trips to Disneyland.
Think of the children!
Makes you wonder if he used that name when the cocksucker was making those secret loans to the EU banks.
And in other news:
Bag full of Islamic State flags discovered in north [ISRAEL]
Meaning, they are made in Israel
http://www.timesofisrael.com/bag-full-of-islamic-state-flags-discovered-...
Why not, ISIS is made in Israel.
Shouldn't that be
"Bag full of Islamic State (FALSE) flags discovered in north [ISRAEL]?
The meaning of "Edward Quince"
The Quince allusion is Biblical : quince is a substitute for grapes .
Bernanke knows he is to blame , but won't admit it .
www.come-and-hear.com/sanhedrin/sanhedrin_39.html[a] The fathers have eaten sour grapes and the children's teeth are set on edge;1[b] Just ... Rabban Gamaliel brought some quinces, put them into a sieve, whirled them around, and said: .... 'And was I beaten for the wrong done by my father?
Edward is an English given name. It is derived from Old English words ead (meaning 'wealth', 'fortune' or 'prosperous') and weard(meaning 'guardian' or 'protector').
The name "Edward Quince" implies that the Wealth protector has done something wrong , and the children(dependants) will suffer because of it .
"He knew what it meant
but still he went".
Mr. Quince replied shortly thereafter: “We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous.”
The Bernacke Fed enforced their view and confiscated this company while making adequate liquidity available to others and bailing them out. GE was a gonner when they could not roll the commercial paper - Fed guaranteed it for a nominal fee.
The market proved Bernacke wrong as the govt. earned a $40 billion profit from screwing the shareholders of AIG. It was proven to be Temporary.
Bernanke was named Chairman-in-waiting of the Fed the 2002.
In 2005, he asked the Fed to stop publishing M3, where QE would appear as repurchase agreements.
Do not forget that 'quince' is one of the six most sibilant words in the English language.
FYI, Inspector Clouseau are another two sibilant words.
This all just keeps getting stinkier by the day.
The entire system is fraudulent.
Just for example, I was served with a motion for summary judgment on a foreclosure matter that is now over five years old.
The lawyers are new, not even the attorneys of record. Every name and signature on every document they've provided as absolute proof of their ownership rights to title of the property are fakes. Every damned one. And all of the copies are copies of fakes.
Truth of the matter is that I'm tired of fighting and have offered a deal in which they give me cash and I walk away from the house and the fraud lawsuit I field against them.
While I'm relatively pleased that I managed to keep the house and live in it on the cheap for five years and now am even going to get some dough, I'm also equally certain that they are dancing around their offices thinking that they have won and avoided setting yet another precedent and exposure of their rampant, continuing fraud.
It's a happy day for me in some ways, but sad, too. The other inheritors (brother and sister) won't pony up for a lawyer, so I'm between a rock and a hard place.
There is no justice. There is only money and fraud and no way an honest person can ever defeat those in positions of power.
I wish there was a Batman. And I wish I were him.
Whatever these AIG folks are seeking is just more hokum. Somebody will win, but the public be damned, regardless.
God save us all.
From a guy on the other side of he world,please keep your sanity and enjoy the rest of your life.thank you for posting here.
he should've used the name
'Rick Mabauls'
Edward Quince, a derivative (nonetheless) of the name Edward De Quincey, a 19th century writer who penned "Confessions of an Opium-Eater".
From Wiki ...
"Along with his opium addiction, debt was one of the primary constraints of De Quincey's adult life."
The Bernanke chose an appropriate name.
Quantitative Easing Infinity = AIG = Edward Quince = I = Ben Bernanke =
TOTALITARIAN DICTATORSHIP = MYOPIA = EGOCENTRIC = ETHNOCENTRIC = DE ROTHSCHILDS BANK = ANAL RETENTIVE MONEY HOARDERS = PSYCHOPATHOLOGY = PSYCHO-SEXUAL STAGES OF DEVELOPMENT = CULTURE OF GREED = CLASSICAL CONDITIONING THAT
PUTS ONE ETHNICITY CULTURALLY ON TOP OF ALL THE OTHER ETHNICITIES THEREBY INSTITUTING A NORM OF OPPRESSION THAT ONE ETHNICITY USES AGAINST ALL OTHER ETHNICITIES WHEN IT COMES TO
GENETIC SURVIVAL = A. De Rothschild the founder of de Rothschilds Bank = PAC MAN
NOTE: Please put another quarter in the machine, SUCKERS!
Because, when it's really serious, you have to lie and hide.
Did it occur t anyone that the initials of Quince Edward stand for QE?
LOL yeah, it occurred to the author of the article, because it's mentioned in the last few lines.
LOL. Thanks buddy. Speed reading sometimes doesn't work.
I guess I get jackass award for today.
I've seen Ben in area bars with a name tag on saying, "Clive Bixby."
Whats new about this?
Sarko in France used to talk to his lawyer on delicate issues using an "untraceable" telephone registered under the false name of Paul Bismuth, supposedly to monitor their common interest in finding out how the French Courts were treating an alleged accusation against Sarko : in imposing then Economic Minister Lagarde's role to influence an Arbitration Court judge, about a case involving a political ally of Sarko.
The untraceable telephone was traced and Sarko's second name became public.
Paul Bismuth : Hello Edward Quince. I didn't know you were saving the West while I was saving Georgia !
Spooks and Spooks' bosses, all have two identities, one official the other cloak and dagger!
Its only business... as they say, as long as its your avatar that sleeps with the fish, when things go wrong.
Some of us don't have that luxury.
So....will Edward Quince go sleep with the fish?
Somehow the world never gets tired of these soap operas of Mad Men disguised as World leaders.
The Bernank can't be that smart. He forgot to disappear his emails like his fellow sociopaths at the IRS and EPA.
Montague Norman, the head of the Bank of England began the practice of using an alias, as described in Bernanke's favorite book The Lords of Finance. That was the book Bernanke said he should have wrote. So the practice dates back to the Post WWI days.
the first thing a criminal does is hide his real name. the bernank is your corner crack dealer selling dime bags.
Dual Citizenship for everyone.
this is what he was afraid of
lerner's neighbor won't allow her to come in to escape a reporter. he says. "i don't want her in my house."
http://www.washingtontimes.com/news/2014/oct/7/lois-lerner-tries-to-barg...
no wonder he ran like an old bitch
Need pseudonyms when you're emailing FOMC inside info to The Boss!
Sam Williamson had a good series of UTube posts about these multiple identity people some time ago.
Alternative identity practice :
http://www.youtube.com/watch?v=MA2kRXAQ6NI&list=UUldfvyaPuBSpw8iDmUgZwnA
The bigger the bust, the sweeter the bailout.
The FED has a perverse incentive to wreak havoc upon the economy and destroy people and businesses .... anything that can insure that the debt (AKA "money" supply) continues to grow.
That's why the Krugmans of the world are constantly advocating war and calling for alien invasions.
every evil deed stinks. in time it becomes known. karma will prevail.
bernanke is hidout out like that lunatic that killed a sp officer.
he cant hide forever......................
Someone earlier had claimed that The Bernank was an "undercover motherfucker"..... well, it should read "undercover cocksucker", as I don't think he can really "get-it-up". Small correction.
"The name's Quince;
Edward Guttenberg Quince."
So, what happens to large cash positions of companies and wealthy individuals when the $ finally loses its last 2% of value?
How will such companies pay expenses, receive payments?
What, in other words is the ultimate solution?
Someday, someone will have to provide an alternative currency.
Then, who will provide it? Will we depend on those who mandated the destruction of the Dollar with the FR Act, and continuous debt authorizations… those who will no longer see a flow of booty into their off-shore bank accounts?
C’mon guys, silly season is over; it’s time to face reality – before DHS agents show up at your door, order you to pack one bag pre member of household, and then herd you into an open cattle car, in the dead of winter, that will carry you to the taiga and tundra of Canada, or Alaska. At that time it will be about a year too late.
It’s past time for us to take matters into our hands and provide an alternative. There is much to learn, and do, and not much time for it. But then, that is the nature of unprecedented adventures.
So, what happens to large cash positions of companies and wealthy individuals when the $ finally loses its last 2% of value?
How will such companies pay expenses, receive payments?
What, in other words is the ultimate solution?
Someday, someone will have to provide an alternative currency.
Then, who will provide it? Will we depend on those who mandated the destruction of the Dollar with the FR Act, and continuous debt authorizations… those who will no longer see a flow of booty into their off-shore bank accounts?
C’mon guys, silly season is over; it’s time to face reality – before DHS agents show up at your door, order you to pack one bag pre member of household, and then herd you into an open cattle car, in the dead of winter, that will carry you to the taiga and tundra of Canada, or Alaska. At that time it will be about a year too late.
It’s past time for us to take matters into our hands and provide an alternative. There is much to learn, and do, and not much time for it. But then, that is the nature of unprecedented adventures.
How's about a little "civil asset forfeiture" from Edward Quince aka Helicopter Ben Bernanke? ABOLISH THE FERAL RESERVE SYSTEM!!! Throw ALL of the Feral Reserve gov's. and board members in prison!! Or, public execution, which I prefer, as a citizen of the USSA.
The rats are looking for exits. More than a few (way more than in previous years) more than a few "things" are becoming known. German CIA journalist, Mr. Quince, Ebola coffins, etc. etc.......please oh please let's keep going.
I see in my own garden that when I lift up a rock, underneath all scavenging creatures run for cover of darkness as quick as they can. Let's watch. Please oh please. I have non-GMO popcorn and a nice Chablis.
(I do not wish to insult the beneficial insects in my garden by equating them with Mr. Quince or the Koch bros. or Obama or MSM or dare I say Wall St, Difference is the creatures in my garden serve an eco-system that rewards all).
Please lift the lid off these arrogant, self-serving sociopaths.
Why has no class-action lawsuit been filed?
You have ask b 4 that: "Who" is AG Eric Holder, and "why" is he?
No conspiracy there... because ONCE again it's TRUE. We are so raped by these ultra-filthy-rich dictators. This is EXACTLY how extreme communism and Marxism, and ALL the death that follows it, comes about.
Isn't it obvious? The goal was to avoid his emails being found, if there was ever discovery. They would get a subpoena by name for emails to and from "Ben Bernanke", "Timothy Geithner" etc. He was using an alias, just like so many other criminals do.
It's just 'lemon juice' for the markets.
I'm wondering if it is allowed to use a pseudonym when communicating in the role as FED chief with other official positions?
But Ben Shalom Bernanke is in the tradition of the money trust when using a pseudonym: the conspirators at Jeckyll Island, where they decided to found a private central bank and camouflage it as a federal agency, also used pseudonyms.
The fine professor...
There's a Bernanke hiding in Yellen's Quince.
Puuuushshsh, breath, breath, breath, Puuuushshsh!
Ooo, I can see the head.
https://www.youtube.com/watch?feature=player_detailpage&v=Kv3p8kIyqLI#t=47
Eduard Quince would thwart FOIA requests for Bernanke emails as well as obscure any ethics rule violations, does the "immunity exclusion" that fed officials gave themselves for this deal include fraud, non-disclosures and double dealing?
The fact that we didn't fix the problem in 2008 is why we're in Syria and Duetche bank is in Ukraine.
Financial fraud leading to global war.
BTW Neel Kashkari was the guy between Paulson and Geithner (and maybe Bernanke too) Why isn't Kashkari on the witness list?
Does he get a pass because he's running for CA gov?
He gets a pass because he is so scary looking nobody wants to look at him or question him.
"he is so scary looking nobody wants to look at him or question him."
Man, I though you were kiddin'! Uh uh. And this is a promo-photo on his campaign website. Maybe everybody will be afraid not to vote for him.
http://www.neelkashkari.com/wp-content/uploads/2014/08/12135166195_f2715...
"borderline illegal"... wow, if what went on with the bailouts and AIG was borderline who needs borders?
Kash n Karry was in charge of TARP.
He was running Hank's disbursement
Running for CA Gov?
I'm guessing you will know where the money is coming from
Wow...he's even got a Facebook page:
https://m.facebook.com/profile.php?ref=bookmark
Link doesn't seem to work.
My name is Ben
Ben Bond
And you the sheeple are my "bonded" slaves
This is seriously f----d up. Ben using a psuedonym? Bizarro world.
While I'm by no means a fan of AIG or Hank Greenberg, I'm so grateful to see the evil, greedy pr1cks duke this out in a public courtroom that I can hardly stand it. I was telling my wife last night about the amazing infotainment that will continue to unfold as the Fed bastards and their confreres are slow-roasted on the witness stand. Stay tuned.
https://www.youtube.com/watch?v=arZdeg_fL-I
QED!!! Tyler wins again! Greatest thing ever. How many rabbit holes are there? Hahahaha. I can't believe this is real. Which "normal" are we in now?
Fire Angel
Fuck the fuckers. This one is harsh-er a read. Can't believe my frickin eyes.
Fucktard Quince. UN-BE-LIEVABLE
You son of a bitch