The Federal Reserve's Crooked Accountant

by Tom Heneghan, International Intelligence Expert

Thursday February 9, 2012

UNITED STATES of America - It can now be reported that the privately owned Federal Reserve is continuing their PONZI activity. The rogue Fed and its Chairman, Bernard Bernanke, is now using another privately owned derivative clearing house, Maiden Lane LLC, to disguise and then manufacture illegal compounded cross-collateralized derivatives and then use them as margin with the exchanges to support the worthless derivative holdings of Goldman Sachs and J.P. Morgan tied to the EURO currency.

P.S. Maiden Lane LLC also does accounting work for the Fed and helped cook the books for the Bear Stearns-George W. BushFRAUD-Henry 'Hank' Paulson 'bail out' of Bear Stearns in early 2007.

The 'bail out' of Bear Stearns was allowed to take place with J.P. Morgan and financial terrorist Jamie Dimon being able to buy Bear Stearns assets at ten cents on a dollar ($0.10) thanks to the cooked books of the Federal Reserve's accountant, Maiden Lane LLC.

P.P.S. They did it before and they are trying to do it again. At this hour the crooked Federal Reserve has sold worthless AIG derivatives back to AIG for ten cents on a dollar ($0.10).

AIG will then turn around and write off their loss and get a tax credit and use the proceeds of the tax credit to roll over this toxic debt to future calendar years using the proceeds of the tax credit to accomplish it.
 P.P.P.S. At this hour the Federal Reserve is busy blackmailing the CME Group to go along with this crooked scheme involving more derivatives tied to the corrupt London LIFFE Exchange to create alleged liquidity.

Note: There is NO liquidity in the system, folks. There is just a massive amount of crooked compounded, cross-collateralized derivatives that have no value.

Accordingly, massive deleveraging and a BLACK SWAN EVENT is imminent.