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Federal Reserve to gain power under plan

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posted on Jun, 16 2009 @ 08:00 PM
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Federal Reserve to gain power under plan


www.washingtontimes.com

The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration's regulatory overhaul plan.

The final plan due to be released on Wednesday -- which originally aimed to streamline and consolidate banking and securities regulation in one or two agencies -- now is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration
(visit the link for the full news article)



[edit on 16/6/2009 by Mirthful Me]




posted on Jun, 16 2009 @ 08:00 PM
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So who out there says that we are not a country ran by the banks? Anybody, do I have any takers? So who wrote this bill for beloved President? Truly why the added power for the Fed, and why now? Is it because of what they say, or do they need to nab more power over the markets and corporations before their books get opened by Senator Ron Paul's Fed Transparency act HR: 1207?
Keep a close eye on this it may be just the tip of the ice berg for what is in store for the FED and it's actions... .

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

[edit on 16/6/2009 by Mirthful Me]



posted on Jun, 16 2009 @ 09:07 PM
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This should go to show you that the FED will not be audited. Obama would simply veto any bill against the FED.



posted on Jun, 16 2009 @ 09:34 PM
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Exactly, while people are so happy about the possibility of the Fed been audited we have been played by the same government that is actually run by the fed.


What a joke, the bill that Bush could not pass with the sweeping powers for the fed, now under Obama may become a reality.

We have been deceived.



posted on Jun, 16 2009 @ 09:37 PM
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Memysabu; lets hope that is not the case!
If the fed gets audited it will be shut down, so lets hope and pray that Ron Paul makes it through.



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