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

[achilles28]

Quote from 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.

More window dressing.

Banks own both the Congress (via lobbying) and the FED (via direct ownership).

Either way, Private Bankers control regulation.

Another scam.

 

[achilles28]

Quote from dstod:

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

Someone who gets it.

Commercial Banks (amongst others) are the largest shareholders of the Private - for profit - Federal Reserve System.

 

[jueco2005]

They will soon regulate congress itself and states as well.

all mighty FED.

 

[Kassz007]

Quote from pspr:

We now have a community organizer restructuring the most important banking and financial regulation agencies in America.

Fucked up eh. Only in America.