Comments on: Fed Says Financial System Needs Overhaul

New Powers Needed To Prevent Widespread Economic Damage In Event Of Wall Street Collapse

[mcv57]

Posted by docpeter

The rich elites on drugs.

[fstop100]

There was a time if you screwed up your company you went bankrupt.. No free rides from the government.
We used to have anti trust laws to prevent monopolies and encourage honest competition.

[docpeter-2009]

From abcnews.com, "McCain himself saying of economic distress, "a lot of this is psychological. Because I agree the fundamentals of our economy is still strong.%u201D

"A top economic adviser to Sen. John McCain, R-Ariz., -- former Sen. Phil Gramm, R-Texas, now vice chair of Swiss banking giant UBS -- tells the Washington Times that the US economy is being weighed down by the belief by Americans that the economy is bad...You''ve heard of mental depression; this is a mental recession," Gramm tells the Washington Times
Adds Gramm: "We have sort of become a nation of whiners. You just hear this constant whining..."
McCain repeated that notion in an idea with Fox News'' Neil Cavuto, saying "a lot of our problems today, as you know, are psychological %u2014 the confidence, trust, the uncertainty about our economic future, ability to keep our own home." He said his proposed gas tax holiday "might give them a little psychological boost. Let%u2019s have some straight talk, it%u2019s not a huge amount of money.%u201D
_________________________________

So the gas tax holiday is going to be our economic effexor? Sort of like our rebates, mine which has been consumed with increased gasoline prices- increased food and clothing- increased electric bills- decreased spending on other things.

Oh wait, I am just economically depressed. I just need a holiday from the gas tax.

[mcv57]

Posted by SistaTee

Don''t blame Uncle Benny, he is only a puppet for the White House Regime.

[mcv57]

This is a public confession that our government had lost control over the financial institutions in this country. Monopoly capatialism has crippled this economy, and socialism is required for any type of recovery.

Alas, democracy has been compromised by greed, but as with Socialism, Communism or Dictatorship they will fail also. Man cannot solve his own problems because he is not God.

When the Jews wanted a King of flesh to see and touch, God responded with warning of the nature of man and corruption. Nevertheless, the prophet Daniel elected King David - who committed adultery, murdered, and enforced deadly schemes to insure his secession (altered the Torah through political means).
------------

.... and eventually the Jewish Nation was destroyed and enslaved.

[sistatee-2009]

The Fed says the financial system needs an overhaul? Who do you think f-cked up the current one? HUH? Who printed trillions of worthless FEDERAL RESERVE NOTES? HUH? Who did that, Ben? YOU DID! YOU STINKING T-RD! What you need, Ben, is a bullet at the base of your empty skull!!!!!

[mcv57]

Posted by tylenol6

No thanks, the rise of racism is already spread thru the Ukrane.

[tylenol6]

Time for everyone to WAKE UP and think about voting for
RON PAUL for PRESIDENT. He has been warning the american
people about that the FEDERAL RESERVE is a FRAUD.....

[mcv57]

This is a public confession that our government had lost control over the financial institutions in this country. Monopoly capatialism has crippled this economy, and socialism is required for any type of recovery.

Alas, democracy has been comprised by greed, but as with Socialism, Communism or Dictatorship they will fail also. Man cannot solve his own problems because he is not God.

When the Jews wanted a King of flesh to see and touch, God responded with warning of the nature of man and corruption. Nevertheless, the prophet Daniel elected King David - who committed adultery, murdered, and enforced deadly schemes to insure his secession (altered the Torah through political means).
------------

.... and eventually the Jewish Nation was destroyed and enslaved.

[deacon20081]

Next in the News USA is Bankrupted by Bush Policies
and He Declares Martial Law.
Mexifornia becomes the newest State after Florcuba,
english speakers are now the minority.
Newdubia is new chosen name for New York City after Arabs buy 90% of property from China.......
More Later

[tylenol6]

We need to get rid of the Federal Reserve. THEY ARE A
FRAUD!!!!!!!!!!!!!!!

[whiskyrocker]

The "FED" is the problem with our financial system.

[antoniof123]

(CBS/ AP) Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from damage if a big Wall Street firm collapses.

This bad and I mean really bad, when the Fed is telling congress to regulate we have a real problem on our hands. The Fed was started to stop bank panic become the lender of last resort now if they are worried we should be.

Thank you GOP for this and now when you are removed from congress by force of the voters we will not care.

NO more Bush and for certain NO McSame.

[lochlan-2009]

"Fed Says Financial System Needs Overhaul"

No kidding, how about we start by making atleast one of the seven board members not jewish, llok it up if you don''t believe me. No,no Bush bootlickers, Israeli elitists haven''t infiltrated our government at all.

[whitemale08]

Bush and company took off regulation from sub-prime so they can pretend like they gave us prosperous economy.

It was the biggest scam in American history.

[whitemale08]

I mean Bernanke is got this TAFT window open 24/7 with the printing presses going non stop handing out these endless promissary notes to his buddies on Wall Street and meanwhile we pay for it through inflation.

It''s insane!

[gwagener]

This runs contrary to the whole Bush/Republican philosophy on regulation of business. Specifically, the philosophy is: The only thing worse than a regulation is a regulation that is enforced.
Case in point, the sub-prime lending business. The Bush administration removed all the regulations they could and chose not to enforce those regulations that remained. We all know how well that worked out.

[lochlan-2009]

The whole country knows that this is criminal, and the Fed is doing a power grab. If they were on the ball, they would have done this when all the branches were republican. Then it would have flown through legislation with probably added powers on top of what they are requesting.


If you want to steal millions of dollars, you can either rob a bank, most likely get caught, and go to jail, or you can become a politician, possibly get caught, and get off scott free with a pension.

These people are criminal. The whole administration should be in jail. Instead they can write books on how they lied a country into going to war for profit, and never even get asked, what do they have to say to the 4,000+ dead soldiers families.

Probably because they would say, buy my book.

[gmcnally2]

The Fed is grasping for even more power, and it is already the ultimate power. Close the Fed, keep the interest from our debt. We are guilty of looking the other way as the greatest force gathers power for the inevitable storm. How about some truth in matters financial?

[Michael Arnold]

Right. They need to set up a New Scam to make believers of the gullible and desperate. This time around, I don''t think there''s gonna be too many takers.

Criminals.