Discussion in 'Political Discussion' started by patsfan13, Nov 6, 2010.
Promises to open up Fed's books and show how central banks influence business cycle.
this is good news
Will he order the books on Wall Street and private banks (oxymoron) opened as well? I want everyone who has a large influence on the economy opening their books. If not then why anyone? Keep in mind the luxuries corporations enjoy by existing in the US in the first place...
Best news I've heard so far from the new congress coming in.
The brokerages and Banks have reporting requirements. However the FED is fundamentally different. IT is a public/private entity and set lending rates in a way no other bank can. Apples and Oranges.
Not for much longer it seems!
As scared as I am of what this could mean, I truly hope he can pull it off. This would be really, really interesting. I could so see a situation where there is massive obstruction by parts of both parties on this, or a worse deal where someone's car just happens to drive off a road in the middle of the night.
Yeah, that is something serious to ponder. The establishment on both sides may just not quite be excited at the thought of those books getting opened, then exposed and explained. Still, its not their money. Its our money.
All I think of is when the feds raided that Jefferson dude's office a few years back, and found $90k in his freezer. Dems and Pubs were walking in lock step, denouncing the act of raiding a congressmans office. It was the first time I'd seen any of them standing together in agreement, in front of the same camera. It was the establishment at it's best. I can so see that being the case here as well. Too many pockets being lined to allow an audit.
Good points by Shirt and Real.
The establishment of BOTH parties fear/hate the Tea Party reformers.
This is good, too. We're going to start seeing the corporate interests balking. This is very radical stuff that will probably win support from left-wing elements in Congress.
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