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- Sep 15, 2008
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3 months later gets appointed to the Kansas City Federal Reserve?
Herman Cains Appointment to The Federal Reserve: Unethical or Criminal? « Notes to Aphrodite
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Why would that be?
Herman Cains Appointment to The Federal Reserve: Unethical or Criminal? « Notes to Aphrodite
This is how you know Herman Cain is a Federal Reserve stooge.In September, 1988, Cain became mortgaged to Citibank for everything he owned. In December, 1988, The Federal Reserve Bank in Kansas City appointed Cain to be a director and to set monetary policy for banks, including the bank that his entire net worth was mortgaged to. How unethical is that? Is it legal?
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So a guy with a background in Mathematics and Computers and experience in running Hamburger Joints gets appointed to a Federal Reserve position 3 just months after getting a loan from CitiBank for 30 Million?When the Federal Reserve Bank of Kansas City appointed Herman Cain to its Board of Directors it must have known that Cain was in debt for every penny he owned, including his golf clubs, to Citibank. How could someone in debt to a bank for everything he owned be objective in setting monetary policy for banks, including the bank that had just given him a $30,000,000 loan?
Cain admits that the loan was unusual in that he did not put up the usual 20-25% needed for the loan. Is it possible that Citibank got something in exchange for the loan more important than this down payment? Is it possible that Citibank got someone on the Federal Board who was totally unqualified, but seriously in debt to them, and would advocate whatever policies they wished?
Why would that be?