- Banned
- #61
Oh, so the Fed is required to get the permission from the agency that is acquiring its debt (the U.S. Treasury), in order for them to issue more of it to them....Go ahead and try to get that deal from your bank or credit card issuer.Well The Fed is an independent entity and the Govt. hasn't got any power to control it.
Your first link disagrees with your claim.
Congress can alter the statutes governing the Fed. For example, the Dodd-Frank Wall Street Reform Act limited the Fed's powers. It requires the Government Accountability Office to audit the emergency loans the Fed made during the 2008 financial crisis. It also required the Fed to make public the names of banks that received any emergency loans or TARP funds. It also required the Fed to get Treasury Department approval before making emergency loans, like it did with Bear Stearns and AIG.
It's like danielpaulos or rderp hijacked your account.