eflatminor
Classical Liberal
- May 24, 2011
- 10,643
- 1,669
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Sure the Federal Reserve can use taxpayer dollars to bail out their member banks when they make bad investment decisions. Sure the Fed can manipulate interest rates that lead to boom-bust cycles. Of course, the Fed can levy the most regressive tax of all over time, non-market determined inflation. And yes, the Fed has the power to be the ATM for Congressmen and their pet projects, from domestic welfare programs to undeclared wars.
But if the Fed's member banks cook their own books? Oh, that's not the Fed's job to oversee that!
Unfrickenbelievable!!!
‘It’s not my Job! I Don’t Regulate That!’ Santelli Takes on Ben Bernanke & the LIBOR Scandal | Video | TheBlaze.com
Yea, more regulations...THAT'S the answer...
But if the Fed's member banks cook their own books? Oh, that's not the Fed's job to oversee that!
Unfrickenbelievable!!!
‘It’s not my Job! I Don’t Regulate That!’ Santelli Takes on Ben Bernanke & the LIBOR Scandal | Video | TheBlaze.com
Yea, more regulations...THAT'S the answer...