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View Diary: John Boehner lied. A bunch (168 comments)

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  •  It was more important to get Dodd/Frank (0+ / 0-)

    passed.  Republicans only let it pass because they were sure they could repeal it.  But, there's been too much kerfuffle to get it addressed.

    Dodd/Frank sets the stage for the federal government getting control of the money -- what the Congress gave away when it set up the Federal Reserve and let the Board of Governors do their thing.
    The Federal Reserve is no longer the Chairman's realm as it was under Greenspan.  Bernanke responds to the Treasury and the Executive and the consumer watchdogs are going to be housed where they can see and sniff what's going on.

    What's the mechanism whereby public assets have been translated into private wealth?  It's easy when you charge the public an arm and a leg to use our currency and let the money bags play with it for free.
    That's how the poor get poorer and the rich get richer and since money doesn't actually talk and it doesn't leave any fingerprints, it might as well be magic.

    http://www.youtube.com/cyprespond

    by hannah on Tue Jul 26, 2011 at 02:23:47 PM PDT

    [ Parent ]

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