FED gonna get scalped by Dodd.

[KINGOFSHORTS]

Interesting, looks like the US Government does not like the fact that a bunch of Private bankers has the US by the balls.

I wonder if it will pass.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a83BcoqE7QGo&pos=4

"U.S. stocks, bonds and the dollar would collapse if investors perceive Congress violating the independence of the policy-setting panel, former Fed Governor Laurence Meyer, now vice chairman of Macroeconomic Advisers LLC, said last month."

Humm.

 

[achilles28]

That's Financial Terrorism, as defined by the Patriot Act.

Its also a load of bullshit. Pure fear mongering.

 

[Ivanovich]

Ron Paul's bill failed, so to will this.

I wish it wouldn't, but it will.

 

[Ricter]

It might or might not be helpful, but it would definitely mean bigger government.

 

[jficquette]

Oh hell yeah. Let's let the Socialist's set monetary policy. Election coming up lets cut some rates and buy some bonds yeah baby.