Chairman Ben S. Bernanke’s grilling by legislators over Federal Reserve conduct in Bank of America Corp.’s takeover of Merrill Lynch & Co. may reduce the odds the central bank will win new powers in a regulatory overhaul.
Bernanke failed to resolve some lawmakers’ questions on whether the Fed bullied executives and stepped over other regulators in the name of financial stability in a three-hour congressional hearing yesterday. Republicans asserted the Fed interfered with commercial decisions, and Democrats said it should have wrung more concessions in return for taxpayer aid.
Criticisms by members of both parties are likely to diminish support for the Obama administration’s plan to make the Fed the single agency responsible for the largest and most interconnected financial institutions. The proposal, part of a broad revamp of bank regulation, would give the Fed power to dictate standards on capital, liquidity and risk management.
“It may be more important for us to find another systemic risk regulator,” Representative Paul Kanjorski, a Pennsylvania Democrat and member of the House Oversight Committee where Bernanke appeared, said in a Bloomberg Television interview after the hearing. Congress should “hesitate to put any more authority on the back of the Federal Reserve,” he said.
June 26th, 2009 at 6:12 am
Well, now that’s some good news.
k Reply:
June 27th, 2009 at 12:01 pm
“If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce.
It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
June 26th, 2009 at 8:35 am
#######SPREAD THIS INFORMATION#######
**Wall Street criminals exposed By Marcy K.**
kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1
youtube.com/watch?v=S27yitK32ds
youtube.com/watch?v=oAADyc6t4nY
**Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone…**
[Answer was: bla bla bla]
youtube.com/watch?v=PXlxBeAvsB8
HQ version: youtube.com/watch?v=cJqM2tFOxLQ
######BEAT THE FUCKERS######
Bills to be supported: ‘S 604′ and HR 1207 (information and sample letter here)
http://www.ronpaul.com/on-the-.....ve-hr-1207
&
http://www.campaignforliberty......thefed.php
Senators who are NOT Co-Sponsors of S 604 (Sister Bill to HR 1207)
http://www.scribd.com/doc/16483157
House Members who are NOT Co-sponsors of HR 1207 as of 6-24-09
http://www.scribd.com/doc/16495678
S 604 is SLEEPING! Call or send a mail.
senate.gov/general/contact_information/senators_cfm.cfm
S 604 status: govtrack.us/congress/bill.xpd?bill=s111-604
THIS BILL WILL DISTINGUISH THE MEN FROM THE BOYZ IN CONGRESS! THE BOYZ NEED TO BE CALLED UNTIL THEY LISTEN TO THE PEOPLE WHO THEY ARE SUPPOSED TO WORK FOR! IF THEY DON’T LISTEN, THEN YOU NEED TO VOTE THEM OUT OF OFFICE WHEN THEY COME UP FOR REELECTION FOR NOT DOING THEIR JOB AND FOR NOT BEING INFORMED. NO MORE EXCUSES!
#PETITIONS#
www(dot)thepetitionsite.com/1/down-with-federal-reserve
www(dot)thepetitionsite.com/2/The-Federal-Reserve-Transparency-Act
More information and EVENTS here:
anewwayforward.org
PETITION TO BLOCK CONGRESSIONAL ATTACKS ON FREEDOM OF SPEECH AND PRESS
wnd.com/index.php?pageId=87882
June 26th, 2009 at 9:46 am
It wasn’t that long ago that lying to Congress was a felony offense. So, there Bernake is apparently committing a felony on the congressional floor, in front of God and everybody, and the Congressmen did not even give him a warning to stop lying or else.
June 26th, 2009 at 10:32 am
ALL economic TRUTH SEEKERS you must visit this economic website immediately.
http://www.avaresearch.com/
Mike Stathis of AVA Research runs a highly respected economic intelligence website that provides uncensored economic truth. Most of the information on this site is FREE of charge and provides insightful information that NO corporate media site will speak about.
http://www.avaresearch.com/
Mike Stathis is one of a few economic figures who speaks the TRUTH. Anyone frustrated with the economic bail-outs or has lost money in the stock market needs to visit this website NOW.
http://www.avaresearch.com/
Mike Stathis has been blackballed by the mainstream media due to his highly accurate financial forecasts. He is not allowed on the air at CNBC or FOX Business. The corporate media wants Stathis censored BIG-TIME because he speaks the TRUTH.
Stathis has written volumes about what is happening today, especially the seminal book “America’s Financial Apocalypse” written in 2006. His books are readily available on Amazon.com.
Please do your financial future a favor and check out:
http://www.avaresearch.com/
June 26th, 2009 at 12:26 pm
This week we will be reading some very important articles in the news and on the
horizon as well as revealing some of the Rockefeller’s forecasts made in 1969 for
our future. We will also give a brief explanation of the difference between Contrails
and Chemtrails and explore the possible reasons for aerial spraying… LOOK UP !!!
WAKE UP !!!
http://thegrandawakening.podomatic.com/
June 26th, 2009 at 11:54 pm
New Things Happening At http://www.brandonkastning.net – Forums Just Launched! MISSION TRUTH!
June 27th, 2009 at 6:30 am
Yeah..that really a good information i guess so ..thanks..
June 27th, 2009 at 11:00 am
Every single article will be replaced to remove this powerful information, just watch 10:50 Sat AM
Sovereign or Slave??\
If you are are a People of the state you were born in then you are a sovereign and NO legislated law applies to you. If you are a Citizen of the United States under the 14th amendment “all persons born…in the United States and subject to the jurisdiction thereof….” then the government has jurisdiction over you (all legislated laws apply), i.e. you have privileges not rights. The People established the government, the government rules over its Citizens, don’t you want to be a People rather than a Citizen?
Citzens have no rights to keep and bear arms, free speech, privacy against search and sizure, etc. Everything is applied to you with your permission. You signed a 1040 “under penalty of perjury” and thus signed away your rights or did you put “under duress”, or “without prejudice” above your sig.
Any mention of Law in the constitution of the United States or the individual States refers to the supreme law-the Common law. There is only 1 basic rule under Common Law “you are liable for any injury you cause to another flesh and blood man/woman/child” . With victimless crimes under legislated law there is NO injured party, yet it’s always the People of [State] vs YOU. Where’s the plaintiff (complaining party)? Does the Prosecuter have a signed power of atty. from any People to represent them? Of course a man in a uniform will use his gun to kidnap you but you have the right and just cause to sue him for fraud and under Title 18, 242 he is liable for any trespass against your person that isn’t lawful. There it is again Common Law. Lawful not Legal, there is a difference. Anyone can be free by studying their rights and demanding them. http://1215.org/lawnotes/index.html
June 27th, 2009 at 5:50 pm
The ONLY way you will be able to regain your rights as a free sovereign in Amerika is to get rid of the Federal Reserve and ALL of the CORRUPT POLITICIANS and start over with honest people and if you want to return to representative Government you must get rid of the capitalist ideals and do away with the lobby and then you may become a free soul once again.
July 8th, 2009 at 3:59 am
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