creates wealth for a well connected few:
First, since Bernanke and Paulson were in frequent contact, Paulson must have known pretty clearly at some point that the Fed was thinking of cutting rates.
Did Paulson share that information with anyone as part of his “job” of keeping in touch with “market participants?”
Second, why is Bernanke keeping in touch with hedge fund managers and the leaders of investment groups?
Is he giving these people anything they can use to make money?
Third, why are so many of Bernanke’s phone calls removed from the material given to Thomas?
Tip o’ the sombrero to Genesis. (nice rant, btw.)