LaRouche Denounces `Barney and Bailout Circus'

JULY 25, (LPAC)--Lyndon LaRouche today denounced the latest bailout swindle, being hatched by the U.S. Federal Reserve, with the full connivance of Rep. Barney Frank (D-Mass.), the Chairman of the House Financial Services Committee, as ``the Barney and Bailout Circus--the greatest hyperinflationary show on earth.'' LaRouche was referring to reports from Wall Street sources and news accounts, indicating that the Federal Reserve, led by Chairman Ben Bernanke, and New York Fed President Tim Geithner, is scheming to allow private equity funds to step in and bail out endangered commercial banks--as an alternative to a fullscale Treasury/Fed bailout, which they are otherwise committed to. Such a scheme, further deregulating the banking system, would amount to a Fed-orchestrated ``public private partnership initiative'' hyperinflationary bailout.

LaRouche was candid in his remarks: ``These idiots are out to sink the Dollar. They will cause more bankruptcies than they are now prepared to buy out, if they go ahead with this madness. They are clinically insane,'' LaRouche declared. ``These fellows are no longer in reality. They left reality behind them in their flight to the moon.''

LaRouche further noted that, while such schemes to draw in capital from private equity funds that have already lost billions of dollars in equity, are totally doomed, it is noteworthy that they are modeled on ``the very corporativist bailout schemes of Mussolini's Italy.'' LaRouche concluded: ``These boys are not only completely insane. They are, with this latest bailout scheme, putting themselves in the same docket as Mussolini and Hitler's bankers, typified by Hjalmar Schacht, Montagu Norman and Volpi di Misurata.''