Fed warns on Congressional scrutiny
10/07/2009 § Leave a comment
The Federal Reserve warned on Thursday that a growing congressional threat to curtail its independence would destabilise markets and raise the cost of servicing US debt for “current and future generations”.
Ron Paul, the Texas Republican, has gathered the support of a majority of the House of Representatives for a bill that would audit the Fed’s monetary policy decisions. He told a Congressional hearing he wanted the power to prevent the Fed being "secret and clandestine and serving special interests”.
The Fed is saying: We’re the Banksters! You will not question us! If you unnecessary eaters continue to have the temerity to question your betters we will make you pay dearly for it!!
Guillotine stocks are looking like they’re about to pay huge dividends!