Comments on: The Fed’s culture of secrecy A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: williambanazi7 Fri, 08 Jan 2010 16:52:57 +0000 What is truly amazing is how the Republicans are managing to slosh this whole fiasco off on Obama and deservedly so.

By: bigkirb1 Fri, 08 Jan 2010 09:19:21 +0000 Nonsense. The federal reserve only cares about their banking buddies and their hold on power. They are not elected representatives of the people, they hand picked from within the banking community and appointed. Their ill gotten power is an affront to the democratic ideals of the constitution. That the media defends this illegal banking cabal so vehemently is an admission of the extent to which they control the USA.

Until the federal reserve is audited by independent party, the american people will not know the many sordid high crimes and abuses of power that the federal reserve has committed.

Again, the federal reserve does not care about price stability, inflation, employment, or the economy.

Everything that they and their congressional puppets since the fall of 2007 has been to only help Goldman Sachs and JP Morgan Chase continue their worthless and wicked existence.

The federal reserve is the absolute enemy of the american people. They are group of arrogant, evil, and dangerous men that need to be stopped at all costs!

Audit the fed, abolish them, punish them, and break up Goldman Sachs and JP Morgan Chase.

While we are at it, we should fire everyone at the CFTC and SEC because they have become mere puppets of the big banks!

By: cadabra Fri, 08 Jan 2010 07:44:11 +0000 I recommend William Greider’s “Secrets of the Temple.” It is an excellent analysis of the Federal Reserve.

By: umeshgeeta Fri, 08 Jan 2010 06:53:24 +0000 Just a thought (or even political day dreaming): what if President Obama asks Geithner to resign and Congress in it’s remarkable turn of the event does not confirm Bernanke?

Months back in August I speculated that Bernanke will be Man of the Year because clearly his bold moves saved American Economy. But this week his speech in Atlanta clearly demonstrates that ‘he does not get it’ and he does not want to own any of his mistakes.

Remember – when Greenspan was repeatedly asked whether Housing was in bubble, how could he advocate 1yr ARM in Congressional testimony and how come he was not controlling CDOs or derivatives; he was tone deaf. He never accepted his mistakes and we all paid the price. How do we know that Bernanke is not making the same mistakes today so as another collapse of finance is forced on USA?

Fact is Bernanek is making mistake by tending to hold the ‘turf’ of Fed in it’s old wicked ways. If American people were to elect Fed Chairperson, he would be Wiston Churchill – you won WWII, now go home. Bernanke saved us but refuses to admit ‘his skin in the game / mess\'; time to go. Will our Congress be with so much Spine? Or indeed do we want maiden victories by Tea Party Candidates in House and Senate after 2010 election?

Geithner – he is kind of Obama’s Rumsfeld. President Obama needs to realize that it is indeed not worth to keep on bleeding the political capital on account of this guy. What is that Obama Admin. going to get by continuing this guy? Reduced unemployment and hence praise from people that President stood by his Sec.? Doubtful. Yes, President can wait until election result in Nov. 2010 and then throw the bone of Geithner resignation. But what does it buy for American people till then?

Except for National Security and War; we want this Admin. to talk all the time about Jobs, Economy and holding Bankers responsible. That is not happening and Geithner is not the man who looks like would do that. He still does not understand that his paycheck is not coming from big banks. It is too late and WH needs to show him the road to home.

By: R_Davis_Ison_IV Fri, 08 Jan 2010 04:30:48 +0000 It doesn’t matter where you stand; conservative, moderate, liberal, the politicians elected to act in the best interest of the country failed. More than that, their actions over the last forty years, allowed the very institutions charged with guarding the financial security of the country, business and We the People, plunder the economy. The actions of these institutions threatened the national security of The United States of America.

Whoever is elected or re-elected in this next election cycle, must hear the voice of our businesses and people. Make real changes to the system that has jeopardized the prosperity of our country. Don’t let the laws be weakened until they are meaningless.

By: Proletarian Fri, 08 Jan 2010 02:12:59 +0000 1. The Federal Reserve is the standard bearer of the United States Corporate Governance thus strict adherence to the United States Constitution is the Reserve’s mission. Also, the Articles of Incorporation must be understood by all the Board Governors of the Federal Reserve so there is no inkling of corruption by appointed public officials. The Public Trust is the diamond that must not be scratched.
2. However, overall the Federal Reserve has done well to cement the integrity of our Public Trust which stands engrained in the beloved public corporation called the United States of America. There will never be an enemy strong enough foreign or domestic who will scratch the conscious of this nation. This is why the Central Banks of the Federal Reserve in partnership with the United States Armed Forces and NATO will deliver in the national interest of the people the mandate for prosperity and economic security of this country. Let no terrorist cell or world crime syndicate stand in the way of this order demanded by every citizenry of the United States of America.

Antonio the Sun
The Proletarian

By: dWj Thu, 07 Jan 2010 18:41:30 +0000 It’s worth noting that, as of 20 years ago, the Fed didn’t even make public its target for the federal funds rate.

I’m not saying all these men are angels, but my assumption has largely been the road runner thing; there was a certain hope that they could get things at least somewhat patched up behind the scenes before any self-fulfilling financial panic got under way.