tag:blogger.com,1999:blog-53246864840716464.post1729984407789033761..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Congressman: Fed "Bamboozling" AmericansUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-53246864840716464.post-67771091305558333452008-12-14T16:12:00.000-08:002008-12-14T16:12:00.000-08:00The Fedaral Reserve Bank is a private corporation....The Fedaral Reserve Bank is a private corporation. They don't have to comply with any Freedom of Information Act requests. Those requests are for government agencies.<BR/> <BR/>Just about anything that the Fed does can be protected as a trade secret.b0bhttps://www.blogger.com/profile/18249282333852040820noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-65123934586216304272008-12-14T10:27:00.000-08:002008-12-14T10:27:00.000-08:00What all this is leading to is a collapse of the c...What all this is leading to is a collapse of the currency. The Federal Reserve note (which is not backed by anything but a printing press) is going to lose most (if not all) of its purchasing power before this show is over.<BR/><BR/>The whole financial "crisis" is really just the end result of years of a binge of spending on consumption that was financed by foreign debt. Now that is it becoming obvious that the debts can't be repaid, the whole house of cards is collapsing.Mike Fragerhttps://www.blogger.com/profile/13832925437847071102noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-7837992252450168142008-12-13T09:15:00.000-08:002008-12-13T09:15:00.000-08:00It's public debt, and it's not a matter of nationa...It's public debt, and it's not a matter of national security (too often used as an excuse), so collateral postings should be transparent. The only scenario in which hiding the truth doesn't come back to bite us in the collective arse, is if the Fed gets the majority of its debt repaid back in a timely fashion... any takers on that possibility? Regarding the collateral, what would I do is if I was a bank... unload on the Fed all the crap I could. BillBillhttps://www.blogger.com/profile/13172408264806744541noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-33926595169199166612008-12-12T13:43:00.000-08:002008-12-12T13:43:00.000-08:00GEEEZE- George don't give them any ideas. They pro...GEEEZE- George don't give them any ideas. They probably hadn't thought about that route to torture protection.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-38723692287850346992008-12-12T10:17:00.000-08:002008-12-12T10:17:00.000-08:00What's next? Fed will become automatic bailout ma...What's next? Fed will become automatic bailout machine. Why go to congress when you can go to the Fed?b4freedomhttps://www.blogger.com/profile/16784583335553807946noreply@blogger.com