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Fed May Gain 'More' Financial Oversight

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posted on Jan, 26 2009 @ 08:07 PM
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Fed May Gain 'More' Financial Oversight


www.washingtonpost.com

Congress is moving to create strong new oversight of the financial sector that would likely give the Federal Reserve authority to examine the workings of a wide range of companies in an attempt to address one of the key failures that led to the financial crisis. But the initiative, which could be finalized in the House by spring, is raising concerns about whether it would muddy the Fed's traditional mission and concentrate too much power in a single federal body.

The legislation envisioned by House Financial Services Committee Chairman Barney Frank (D-Mass.) would put the Fed, or less likely another government agency, in charge of protecting the stability of the entire system, Frank and other congressional sources said.

(visit the link for the full news article)



[edit on 26-1-2009 by DimensionalDetective]




posted on Jan, 26 2009 @ 08:07 PM
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Awesome! Just what we need! Give the fraudulent FED even more power over us tax-paying peons! Pretty soon we may as well change our name to the United Slaves of the fed.

As if these goons haven't already created enough disaster and helped manipulate us into a teetering depression. Let's reward them with even MORE power over us all.

This is like a nightmare you just can't wake up from. I don't trust the people behind this institution as far as I can spit, and they have us all in a stranglehold right now.

www.washingtonpost.com
(visit the link for the full news article)



posted on Jan, 26 2009 @ 09:54 PM
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posted on Jan, 26 2009 @ 11:24 PM
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This is just stupid

More Power In The Hands Of Private Banks



posted on Jan, 26 2009 @ 11:26 PM
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reply to post by DimensionalDetective
 


They're going to investigate that which they caused?



posted on Jan, 26 2009 @ 11:27 PM
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I feel like I'm drowning!

It seems there's nothing that's going to stop our demise.



posted on Jan, 27 2009 @ 04:31 PM
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Originally posted by zazzafrazz
reply to post by DimensionalDetective
 


They're going to investigate that which they caused?


lol--EXACTLY.

Kind of like the recent Pentagon Investigation of the Pentagon Pundit Scandal.

Of course they are always absolved of any wrong-doing, so they can just carry on the same criminality, ad-infinitum.

Disgusting.



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