From my eyes a cabbage has more power than congress over anything real in america.
Ron paul must know these mantras well now, he has been talking about the same things for along time now.
[edit on 6/19/2009 by andy1033]
“They’re giving a tremendous amount of more power to the Federal Reserve - the very institution that created our problem. That’s about the way Washington works,” said the Congressman
“The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress,” said Paul.source
President Obama’s plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States - an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists.source
President Obama's plan to revamp financial regulations triggered immediate criticism Wednesday from both the political left and right over the expanded policing authorities given to the Federal Reserve while business groups grumbled about a powerful new agency charged with protecting consumers against abusive lending....www.washingtontimes.com...
.....Analysts from the far left and the far right were even more critical, though banking and Wall Street analysts said the Fed was the most logical choice because of its extensive experience fighting international financial crises.
