Obama wants the federal reserve to be an "all seeing regulator"

[peilthetraveler]

http://finance.yahoo.com/news/Fed-w...03.html?sec=topStories&pos=main&asset=&ccode=

Yeah, cause the fed did such a great job of getting us into this mess that i think Obama wants to see just how much worse it can get.

Should see the market drop 500 points tommorrow.

 

[426653478]

this guy works for the Chinese

 

[pspr]

They've mentioned that this idea was coming so it's not new news. We now have a community organizer restructuring the most important banking and financial regulation agencies in America.

 

[LVMises]

Quote from 426653478:

this guy works for the Chinese

Considering how much U.S. govt debt the Chinese own there is much truth to that statement.

 

[RiceRocket]

Fuck, this will be the worst move since the federal reserve act of 1913.

 

[dstod]

Don't several bank leaders sit on the board of the fed? if so, isn't this a conflict of interest?

 

[cstfx]

just keeps expanding the size of the gov't

 

[Daal]

The people who are watching this crisis wont be the regulators in the next one, they will be dead. The 'lessons learned' wont be learned, do you know children who reads about the credit crisis?I dont, history shows people dont learn from history

 

[hairdresser]

Quote from pspr:

They've mentioned that this idea was coming so it's not new news. We now have a community organizer restructuring the most important banking and financial regulation agencies in America.

Racist scum.

 

[Trendytrader]

FED=GS.......