Proposal will give the Federal Reserve new regulatory power

[Ladywriter 7,783]

link

A plan set for release Monday would give new powers to the Federal Reserve so that the central bank serves as the system's overarching protector of stability.The proposal would abolish agencies such as the Office of Thrift Supervision and the Commodity Futures Trading Commission, shifting their responsibilities to other federal institutions.

In an unprecedented move designed to get credit flowing again, the Fed is allowing investment banks to borrow directly from the Fed, something only commercial banks had the power to do before.

blah blah blah

sugar coated misinformation What it boils down to is Bush is leaving ALL finances in this country in the hands of the international banking community. The fed can call in the debts any fuckin time they want bankrupting people banks and our govt Yeah, great fucking plan if you're in the ruling elite but the rest of us will be boned

GW is the worst pres we've ever had and hes a traitor to us all

[Myk JL 1,731]

I expect Ron Paul to start selling tumble weeds...

[Ladywriter 7,783]

its a crying shame he backed out of the pres race

no problemo the revolutionaries will put him in charge after the shit hits the fan

if hes still alive that is.....

[Myk JL 1,731]

its a crying shame he backed out of the pres race

no problemo the revolutionaries will put him in charge after the shit hits the fan

if hes still alive that is.....

He didn't back out although the media has made it look that way.