Matt Taibbi: The real housewives of Wall Street

11:51p ET Tuesday, April 12, 2011

Dear Friend of GATA and Gold:

Anyone getting these dispatches has a pretty good idea of the criminality of the Federal Reserve System, an alien power that rules not only the United States but most of the world as well, an unelected agency of government that, as U.S. Ron Paul, R-Texas, often notes, approrpriates and spends more than the elected agencies, Congress and the president, and does most of it on a crude patronage basis and in secret besides. Fed outrages — or what should be considered outrages — are an ever-depreciating dime a dozen, and so your secretary/treasurer tries not to clog your e-mailbox with too many.

But in his latest report for Rolling Stone magazine, Matt Taibbi may compile enough Fed outrages to get noticed even by the bozos in Congress, whose irrelevance may be slowing dawning on them. Taibbi’s report is headlined “The Real Housewives of Wall Street — Why Is the Federal Reserve Forking over $220 Million in Bailout Money to the Wives of Two Morgan Stanley Bigwigs?,” and you can find it at Rolling Stone here:

Americans should send copies to their congressmen and ask for an explanation of why the Fed is permitted to be the mechanism that secures the dominance of the financial class over the productive classes.

Unfortunately GATA has pleaded unsuccessfully with Taibbi many times to turn his attention to the rigging of the gold market. But maybe someday. …

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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