Anybody surprised that on Tuesday past, the main stream media was shoveling footage of the capsized Costa Concordia while Treasury Secretary and former chairman of the NY Federal Reserve Bank is raiding federal pension funds in order to give Obama some financial wiggle room? Anybody? Nah, didn’t think so. Also, if you think SOPA is only about online piracy, maybe it might be time to check into Bitcoin and see how former Chairman of the Senate Banking Committee, Chris Dodd, is now the head of the Motion Picture Association of America; the prime mover and shaker behind SOPA and PIPA and how it might benefit his global elite banking buddies if they aren’t cut out of financial transactions between little people via the peer-to-peer digital currency of the future.
WASHINGTON (Reuters) – The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills.
“I will be unable to invest fully” the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.