The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.
Yeah, that's the solution. Thanks, "Vote Freedom First President"!
The fedgov already has broad powers over all types of markets.
ReplyDeleteShould I bother to read the article? Unless it contains the phrase "amendment process" and "years", it's just another exercise of illegal power.
Yay! SWAT teams into the financial market!???! To do what!?
ReplyDeleteHey! YOU! STOP SHORTING THAT STOCK!! You're hurting the system!
so does that mean the fed is now part of the government? 'bout time! Now lets do away with them.
ReplyDeleteOh, wait, this is more of that "public private partnership" stuff.
When can we little people send SWAT teams into the financial market, I'm thinking the FED itself, for hurting the "overall system" If printing worthless "money" and loaning it to the gov't at face value isn't hurting the system then nothing that can be imagined could.
That's what we need now, to give law enforcement power to private banks. Uh huh, that sounds like a good idea. It would certainly stop you from withdrawing your own money, wouldn't it.
ReplyDeleteI think before it is all over we must swat SWAT