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11-02-11 US Congress Fails to Perform its Oversight Duties and Impeach Bernanke

Reliable evidence was provided in 2009 by then State of New York Attorney General of criminal
conduct by Bernanke. The US Congress fails to take action, treats Bernanke business as usual…
Los Angeles, February 11 - in April 2009, the then State of New York Attorney General Andrew Cuomo sent
an open letter to the US Congress. The letter detailed the outcome of his investigation into the Merrill-Lynch –
Bank of America merger of December 2008, and included exhibits as evidence. [i ]
Independent analysts compared the findings to the Watergate scandal, and called for criminal indictments of
Bernanke (Chair of the Federal Reserve), Paulson (former US Treasury Secretary), and Lewis (former BofA
President). [ii ]
The ouster of Mayopoulos (then BofA General Counsel) in the mist of the merger negotiations remained
unsolved in the Cuomo investigation. However, additional evidence was later provided to both the US
Congress and US banking regulators. Such evidence shows that the replacement of Mayopoulos by
Moynihan (today BofA President), who had no significant experience in the practice of the law, was tightly
correlated with resumption of conduct by BofA, which was alleged as racketeering. [iii ,iv ,v ]
This week, Bernanke again appeared before the US Congress, and the US Congress again treated his
appearance business as usual.
The US Congress is failing to perform its oversight duties and impeach Bernanke. [vi ]
LINKS
i
09-04-23 State of New York Attorney General Andrew Cuomo Letter to US Congress and analysts' responses:
http://www.scribd.com/doc/41079990/
ii
09-04-23 State of New York Attorney General Andrew Cuomo Letter to US Congress and analysts' responses:
http://www.scribd.com/doc/41079990/
iii
10-05-05 Countrywide Bank of America NYSE BAC and its President Brian Moynihan Compilation of Records
Evidence of Racketeering
http://www.scribd.com/doc/30975368/
iv
10-05-05 Chairs of US Congress Committees of the Judiciary and Banking Are Requested to Join Senator
Feinstein's Inquiries on Comptroller of the Currency
http://www.scribd.com/doc/30979882/
v
10-07-06 Complaint Filed with US Attorney Office Los Angeles Against Moynihan Bank of America [NYSE:BAC]
Bryan Cave LLP Alleging Racketeering
http://www.scribd.com/doc/33971099/
vi
11-02-09 In Congress, Bernanke Faces Questions About Inflation - NTY
http://www.nytimes.com/2011/02/10/business/economy/10fed.html?_r=2