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!   

FT.com / US / Economy & Fed – Fed warns on Congressional scrutiny

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Fed warns on Congressional scrutiny at GET OUT WHILE YOU STILL CAN!!.

meta

%d bloggers like this: