Obama to steal the banks as he did GM
Stated in the "Federal Reserve to gain power under plan" article, "The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy ."
WRONG! The Federal Reserve is not an agent in the U.S. government. It is about as Federal as Federal Express.
If it was a U.S. government agency, why does the U.S. government (us taxpayers) pay back the Federal Reserve with interest!
Holy Shit! But does anyone see whats going on here.
Obama is giving power to the Federal Reserve regulate and control private banks. For those of you who don't remember, Obama appointed Former President of the New York Federal Reserve Timothy Geithner to the position of the U.S. Treasury Secretary. Now, Obama and Timothy Geithner are creating the opportunity for the Federal Reserve to take over banks for free just as the Unions took a large percentange of GM and Chrysler.
Under the Federal Reserve is the Office of Inspector General (OIG) which conducts independent and objective audits, inspections, evaluations, investigations, and other reviews related to programs and operations of the Board of Governors of the Federal Reserve System (Board). This would be the "watchdog."
But how effective would it be if the Inspector General could be fired by President Obama or Timothy Geithner when Obama fired Inspector General of the Corporation for National and Community Service, Gerald Walpin when he investigated Obama's buddy.



