Fed chief: Empower financial regulators

Fed chief: Empower financial regulators

news.yahoo.com

The Fed chief called on Congress to consider giving the central bank explicit authority to oversee systems that process payments and other financial transactions by investment firms as well as banks.

And, he recommended that Congress give a regulator the authority to set standards for capital, liquidity holdings and risk management practices for the holding companies of the major investment banks. Currently, the Securities and Exchange Commission's oversight of these holding companies is based on a voluntary agreement between the SEC and those firms.

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I swear reading this reminds me of reading the old newspaper articles from 1910 before the 1913 Glass-Owen Bill. Doesn't this whole situation with war and the economy sound familiar to everyone yet? So exactly how does giving more power to the corporate entity which is the Federal Reserve MORE power and even MORE power to central banking system. Wake up America! The same people who screwed us all almost a 100 years ago are still doing it with a little help from their great grandkids, so are we going to voice our opinions and stop it this time or do we to The Federal Reserve 2 : the International Banks Strike back?


So what do you think America, time we get out the picket signs yet?

news.yahoo.com
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