New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Hank Paulson committed bank fraud crimes in the case of the Merrill Lynch/Bank of America merger that took place last year. New York State Attorney General Andrew M. Cuomo revealed that Paulson and Bernanke illegally suppressed adverse financial data on the merger and threatened to replace the Bank of America CEO and board of directors if the company backed out of the Merrill Lynch merger. “Secretary Paulson has informed us that he made the threat at the request of Chairman Bernanke,” Cuomo wrote in an April 23 letter to Congress.
Item: The Washington Post for March 31 reported: “The billions of dollars spent in U.S. aid to Afghanistan over the past seven years have been largely wasted, Secretary of State Hillary Rodham Clinton said Monday. ‘For those of you who have been on the ground in Afghanistan, you have seen with your own eyes that a lot of these aid programs don’t work,’ she said. ‘There are so many problems with them. There are problems of design, there are problems of staffing, there are problems of implementation, there are problems of accountability. You just go down the line.’ Clinton called the amount of money spent without results ‘heartbreaking.’”
Dave Ramsey on Thursday evening, April 23, held a town hall-style meeting in Oklahoma City that was webcast to about 6,000 sites, mostly churches, across the country. Ramsey, who has carved out a professional niche as a Christian financial adviser, hosts his own syndicated radio show and also regularly appears on the Fox Business Network. Creator of the Financial Peace University, Ramsey encourages a life free of debt and living within one's means. This involves not using a credit card, having an emergency fund in the bank to pay for three-to-six months of expenses, and buying only things you can afford.