(visit the link for the full news article)
“My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
Bailout of U.S. Banks Gives British Rum a $2.7 Billion Benefit
June 26 (Bloomberg) -- In June 2008, U.S. Virgin Islands Governor John deJongh Jr. agreed to give London-based Diageo Plc billions of dollars in tax incentives to move its production of Captain Morgan rum from one U.S. island -- Puerto Rico -- to another, namely St. Croix.
DeJongh says he had no idea his deal would help make the world’s largest liquor distiller the most unlikely beneficiary of the emergency Troubled Asset Relief Program approved by Congress just four months later.
...tax breaks for firms in dozens of industries. They included builders of Nascar auto-racing tracks, restaurant chains such as Burger King Holdings Inc., movie and television producers -- and London’s Diageo.
Originally posted by Realtruth
The Fed will get audited.
Reason: many people are pissed and politicians know if there is a collapse then they will be the first to catch hell.
It seem a majority of politicians are starting to understand who the moral majority is, but only by way of fear.
Let's find out just how corrupt the system was or is, because we all know that collapse is coming one way or the other.
[edit on 26-6-2009 by Realtruth]
Originally posted by marg6043
reply to post by Vitchilo
The sad thing is that we don't have a government that have the guts and the honesty to tell the truth and neither to go after this banking cartel of crocks they have been bought by all of them.
And we the people are more at fault for not taking to the streets to exercise our rights to demand the government to work for us.
Pity, will will always be nothing but servants to the system.