FISCAL COMMENTARY: Follow the Money? God forbid.
Why was the cashing out of billions of dollars just before the 9/11 attacks never investigated? by Jim Hogue
From the Baltimore Chronicle’s Fiscal Commentary pages…
Had an investigation been done into the crime of failing to file the “currency transaction reports” in August 2001, then we would know who made the cash withdrawals in $100 bills amounting to the $5 billion surge. It’s been over six years since 9/11, but U.S. regulatory entities have been slow to follow through with reports about the complex financial transactions that occurred just prior to and following the attacks. Such research could shed light on such questions as who was behind them—and who benefited—and could help lay to rest the rumors that have been festering.
Warning bells about anomalies in the fiscal sector were sounded in the summer of 2001, but not heeded. Among those who has since raised questions was Bill Bergman. As a financial market analyst for the Federal Reserve, he was assigned in 2003 to review the record of July and August of 2001. He noticed an unusual surge in the currency component of the M1 money supply (cash circulating outside of banks) during that period. The surge totaled over $5 billion above the… Continue reading
Posted by “Jerm” at 911blogger.com
Very interesting interview with Bill Bergman who worked at the Chicago Federal Reserve for over 13 years as an economist and financial markets policy analyst.
As with many others in a wide range of fields, when he started asking questions his employment position was no longer needed.
Here is the interview:
Find Out What Happened When a Federal Reserve Employee Questioned Unusual Currency Movements Before 9-11
Bill Bergman-a former Federal Reserve (Chicago branch) economist and policy analyst, who has raised concerns about unusual currency transactions pre- 9-11—-including billions in one hundred dollar bills, is the guest this week on the Robert Wenzel Show.
Bergman worked at the Chicago Federal Reserve for over 13 years as an economist and financial markets policy analyst, until he started asking questions about unusual currency movements before 9-11. On the show we talk about what happened to him, after he started his investigation.
We also talk about how the Fed’s Biege Book is assembled, the trillion plus dollars sitting at the Fed as excess reserves, the LIBOR “scandal,” Warren Buffet and much more.
Bill Bergman joins us to discuss compelling financial irregularities and cases involving pre-9/11 money transfers, suspicious activity reporting, and informed securities trading, all of which remain uninvestigated and unanswered to date. This is the latest instalment in the Boiling Frogs interview series, co-hosted with Sibel Edmonds. Bergman provides us with his analyses… Continue reading