Comments on: On the Bernanke interrogation Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: Folklight Tue, 30 Jun 2009 14:35:38 +0000 “Of course, another criticism of the Fed as super-regulator would be that such a role would overly politicize the central bank. Indeed, it did seem weird that after grilling Bernanke for three hours and implying that he was lying, one Republican offered up a question about M2 and monetary policy.

Perhaps the one bit of evidence that did come out of the Bernanke interrogation was that having the Fed regulate banks and conduct monetary policy is a bad idea if you care about central bank independence.”

Independence is a loaded word James used in this context.
Despite the ‘appearances’ before congressional leaders
The Fed is not simply independent… it is autonomous.
Former Chairman Greesnpan declares it during an interview
with Jim Lehrer on PBS video HERE: 7w

Chairman Bernake alludes to this independent power, that rightfully
belongs only to our government, in his testimony on video HERE: Ps

The seeds of economic collapse we are confronting today were planted long ago. M.W. Walbert masterfully describes the nature and scope of our nations
National Banking system in his 1899 treatise titled : “The Coming Battle”.
PDF HERE: ankingSystem.pdf

By: gd Fri, 26 Jun 2009 06:42:20 +0000 Did anyone have the corage to ask Ben why the Fed is taking shares in AIA and Alico. Maybe because AIG can’t sell these units on the market and is bailing them out again but making it look like AIG is paying down its loan. The US taxpayers are being taken for a ride again.
Suggest they ask for a independent auditor to value the worth ofthese units. Wonder if they are solvent ????

By: Anubis Thu, 25 Jun 2009 23:33:13 +0000 I for one don’t trust the Congress or the Fed. However Congressman can be voted out or impeached. I think Ron Paul is right, we need a thorough audit of the FED. The FED represents private banking interests, not the interests of the American People. And to think Congress gave up their power to print and control money to the FED 100 years ago.