Glen Beck rips FED shell gameAn exceptional video well worth a few minutes of your Friday. Glen mentions Sprott's recent article which outlines how the FED is trying to hide the accelerating monetization of debt. Good to see that some of the media out there is allowed to give an uncensored view to an unsuspecting public versus the MOPE fairy tale stories woven by TPBT intended to keep the sheep asleep until it's too late.
What should the punishment for Ben Bernanke be for lying to congress by stating without a doubt the FED is NOT monetizing debt? Well we all know that turkeys like Bernanke, Paulson, Geithner, Summers, etc.. are all above the law.
Will this have any bearing on BMO's share price going forward. You bet it will as we have exposure up to the eyeballs south of the border. Maybe senior management should have had some consideration for shareholders and not stuffed their trousers with a billion dollars in bogus compensation. BMO would most likely be trading above $60/share if they had bolstered Tier I cap. ratios, rather than screwing shareholders by pocketing the dough. GLTA
https://www.youtube.com/watch?v=ia5QPZxxeaU