Jun 17 2010

I …. got nuthin’

This morning I read that lawmakers are on final approach for banking reform.  

After reading how it has been widely accepted the Federal Reserve can take part, or most all of the blame for the current and continuing collapse of world economies.

The Fed had been lambasted for failing to stem the risky lending that fueled the U.S. housing bubble and for bailing out big financial firms after the bubble popped. It has acknowledged its oversight was too complacent before the 2007-2009 financial crisis that shook economies worldwide.

So what has Congress cooked up to fix this mess?


Lawmakers signed off on a one-time look at its emergency lending during the crisis, and ordered the Fed to disclose on an ongoing basis details on its discount window lending and open market operations, although with a three-year lag.

Lawmakers also dropped a proposal that would have made the head of the New York Fed a presidential appointee.



I got nuthin’

7 comments

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  1. seems to be getting pretty deep around these parts

    • Edger on June 17, 2010 at 18:32
    • #

    is the new term for absolute bullshit and take the suckers for another ride.

  3. they own the parliament of whores

  4. Typical last minute tactics by Obama to give his masters what they want.

    Who Calls The Shots

    http://www.huffingtonpost.com/…

    The White House is intervening at the last minute to come to the defense of multinational corporations in the unfolding conference committee negotiations over Wall Street reform

  5. waterboarding Ben Bernanke.

  6. dream, or is Obama on the mafia’s payroll? Good Grief!!!!

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