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Strategies & Market Trends : Ms. Cleo - Market Direction Discussion

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To: re3 who wrote (84)12/4/2007 10:28:46 PM
From: 10K a day  Read Replies (1) of 92
 
Were Friends of the Fed Tipped Off?

Kevin Duffy

According to an October 3rd article on Bloomberg, a phone call from none other than Robert Rubin (a.k.a. "Mr. Bailout") to Ben Bernanke in early August set in motion a series of public and private sector conversations that culminated in the surprise discount rate cut on August 17th

<snip>

Not surprisingly, Bernanke also consulted with Hank Paulson:

Bernanke was also in frequent contact with Treasury Secretary Henry Paulson, who said in an interview last month that he meets the chairman regularly.

Let's establish a time line, keeping in mind Rubin and Paulson are ex-Goldman Sachs CEOs in direct communication with the chairman of the Fed...

gold-eagle.com
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