By Dr. Patrick Slattery — The Commodity Futures Trading Commission is getting a new head. Gary Gensler is stepping down after four and a half years.
Before that, Gensler spent 18 years at Goldman Sachs and then worked for fellow Jews Robert Rubin and Lawrence Summers at the Treasury Department where he pushed for credit default swaps and other derivatives being exempt from regulation.
This led to the AIG collapse and the massive tax-funded bail-out. Speaking of bail-outs, the new head of the Commodity Futures Trading Commission is Timothy Massad, pictured on the left, who shares more than just facial characteristics with his fellow tribe member.
Massad has run the Troubled Asset Relief Program (TARP) for the U.S. Treasury, which is now under Secretary Jacob Lew (Orthodox Jew). TARP is the megabank bailout fund that was necessitated by Rubin, Summers, and Gensler’s genius idea to scrap rules that restricted their buddies at Goldman Sachs and other Ziobanks from ripping off the public with shady and complex financial derivatives.
Of course, when the public saw the whole TARP program as just an extension of the rip-offs, the avenue for the bail-outs shifted to less transparent Federal Reserve facilities.
The Fed’s Jewish chairman Ben Bernanke took over from former Jewish chairman Alan Greenspan and is about to give way to Jewish chairwoman Janet Yellen. Does anyone see a pattern here?
