Comments on: Fed Says Financial System Needs Overhaul
New Powers Needed To Prevent Widespread Economic Damage In Event Of Wall Street Collapse
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- Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
John Maynard Keynes
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Posted by globlwarning at 01:07 PM : Jul 10, 2008-
Love it! lol classic quote.
That''s been our whole problem. We''ve been brainwashed into believing this Keynesian garbage! - Reply to this comment
- Of course it needs to be overhauled.
The Federal Reserve System needs to be SHUT DOWN and brought into receivership by Congress so it can conduct BANKRUPTCY of this outlaw institution.
This is exactly what happens when go off the GOLD STANDARD.
THX NIXON - Reply to this comment
- I guess that''s why they elected him a judge. So he can come up with the obvious conclusions years after the disaster hits.
- Reply to this comment
- 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).
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.... and eventually the Jewish Nation was destroyed and enslaved. - Reply to this comment
- The "Head of the Fed" has told Congress that markets need a LOT MORE regulation from the government instead of doing whatever they want and making huge profits from it, as encouraged by the administration of the Great Emperor Bush II for the past 8 years.
Naturally, the Great Emperor, who believes he is also a "Great Economist" because of his economic stimulus package which generated huge profits for business but didn''t lower prices one cent, takes exception to this statement.
Still claiming that "there ain''t a recession, just a slowdown", the Great Emperor reminds the "Fed Head" that he should spend more time figuring out how to make each new penny minted EQUAL 1 cent and NOT 2 cents per coin!
SIG HEIL, BUSH!!!!
sig heil, DEFINITELY MORE OF THE SAME, McCain!!!!! - Reply to this comment
- 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). - Reply to this comment
- Does the FED need an overhaul?
Not sure I agree with that, but the current White House surely needs an overhaul.
Seems strange that the FED worked fine until the Lil'' Bush and Sleezy ***** showed up. - Reply to this comment
- The People are considered ignorant serfs by the hypocritical republican oligarchy..wasting our blood and our wealth and then sending us the bill. Prometheus 41 is so right these republican *** have set up a welfare state for themselves. Time to run them out of town on a rail...tarred and feathered.
- Reply to this comment
- Life in Prison for these crooks would go a looon way.
mandatory forfeiture of profits and property,
life without parole.... - Reply to this comment
- The federal reserve is not federal, it is 5 private banks who are not elected. They pull the strings, the 2 corporate candidates, McInsane and Hussein O"bama are their puppets. They chose them not u. TV TELLS U and u think they respond to it and represent u. WAKE UP. Our media is comprised of 5 corporations who are incredibly biased. Learn up via the net, sheep.
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- Bernanke in recent days has called for stronger oversight of big Wall Street firms, which are regulated by the Securities and Exchange Commission. Those firms have been given unprecedented - albeit temporary - access to tap the Fed for emergency loans,
Excuse me, 17 times at 75 million is temporary????? - Reply to this comment
- funny how the GOP (or at least the libertarian sect) always says we need to de-regulate everything. I guess they want a big stinking mess.
- Reply to this comment
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