Bernanke's voice shaking again...guilty!!!
Congressman Paul Questions Bernanke
VIDEO (5:08): http://www.youtube.com/congressmanro.../2/bBGfJOA518o
Frank asks Bernanke to probe Paul's complaints on Watergate, Iraq
Submitted by cpowell on Wed, 2010-03-03
By Scott Lanman
Bloomberg News
Wednesday, March 3, 2010
http://www.bloomberg.com/apps/news?p...QWFdVRck&pos=8
WASHINGTON -- House Financial Services Committee Chairman Barney Frank asked Federal Reserve Chairman Ben S. Bernanke to investigate the Fed's involvement in the Watergate scandal and Iraqi weapons purchases in the 1970s and 1980s.
U.S. Rep. Ron Paul, R-Texas, asked questions about "inappropriate political interference" and "hidden transfers of resources" during a Feb. 24 hearing with Bernanke, and the allegations "must be fully investigated," Frank said in a letter today to Bernanke and obtained by Bloomberg News.
Continues: http://www.gata.org/node/8393
Ron Paul YouTube Channel
http://www.youtube.com/congressmanronpaul
Fed's Fisher: Must Break up Banks That Are Too Big
By Pedro Nicolaci da Costa
March 3, 2010
NEW YORK (Reuters) - Banks that are seen as too large to fail should be broken up in order to make the financial system more stable, Dallas Federal Reserve President Richard Fisher said on Wednesday.
In his most explicit call yet for reshaping the financial industry, Fisher said markets could only function properly if institutions that take big risks are allowed to go under.
His comments come as Washington debates financial regulatory reform, which some analysts worry has become too watered down to prevent another financial crisis. Fisher called for an international agreement to break up oversized firms.
Continues: http://www.campaignforliberty.com/wire.php?view=10767
Bank groups call for stronger Fed Reserve
Posted by Matt Holdridge on 03/04/10
From The Hill:
Quote:
The nation's biggest bank lobbying groups are calling on senators to support the Federal Reserve's power to supervise small and large banks.
In a letter to Senate Banking Committee members, six large trade associations say the central bank's power should not be limited only to overseeing monetary policy, as some critics of the Fed have suggested.
..."It would be a mistake to limit the Federal Reserve to supervision of only large, complex institutions headquartered in major financial centers," the associations wrote. "The Federal Reserve needs a broader regulatory focus to ensure that for both its central bank and regulatory functions it has a clear view of banks of all sizes, from all regions, and from differing types of communities."
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When the big banks are comfortable with the Federal Reserves oversight of them, shouldn't all of America worry about their cozy relationship?
We've seen this before. As Murray Rothbard explains in his work on the Progressive Movement,
Continues: http://www.campaignforliberty.com/blog.php?view=33205
Fed May Lose Oversight of Small State Banks to FDIC, Reed Says
By Alison Vekshin
March 4 (Bloomberg) -- The Federal Reserve, which is urging Congress to let it keep its bank supervising role, may lose oversight of smaller state banks to the Federal Deposit Insurance Corp., Democratic Senator Jack Reed said.
Continues: http://www.bloomberg.com/apps/news?p...d=aULZ2lXCy9Y8