The title of this post does not pertain to the specific incidents of the linked article, but rather to an overall assessment of the the FED’S control of political policy, currency, and the rule of law.
Of course the FED wants to keep its cohorts at the banks in play, and that being understood, there they will stay:
The clash intensified as (FDIC) supervisors completed last week’s stress test results on the biggest U.S. banks. (FDIC) officials sought to make top executives and boards of directors of 10 banks accountable for raising more capital by November. The Federal Reserve insisted that managers’ fates be left to boards and shareholders.
This is “fascism as usual” where the global financial cartel calls the shots.
There’s a cure for this this kind of crony capitalism–shut down the FED and take the banks that the American people now own (as majority shareholders) and use them to REPLACE the FED under constitutional precedent and authority.
And if you don’t like the word NATIONALISM then just don’t call it that.
Let the idiot man-child Geithner think up another acronym and call it that (it would be the first and only useful thing he’s done so far) and follow the example of Hamilton and Lincoln’s Constitutional charter to enable the US governmment to issue credit–instead of a hopelessly bankrupt, international casino of derivatives fraud.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.