Black People : More power to the Fed? Liscence for the Fox guarding the Hen House?

Discussion in 'Black People Open Forum' started by Ankhur, Mar 21, 2010.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

    Oct 4, 2009
    Likes Received:
    owner of various real estate concerns
    +3,005 / -0
    Why would anyone in a small town, put an arsonist as Fire Chief, and then send that criminal to communities to tell folks about fire prevention?

    Obama urges Senate action on controversial finance reforms

    By Stephen C. Webster
    Saturday, March 20th, 2010 -- 10:22 am

    US President Barack Obama on Saturday urged senators to grant the Federal Reserve a dramatic expansion of its regulatory powers and to establish a new consumer protection committee to help safeguard Americans from Wall Street's excesses.

    "These reforms are essential," Obama said in his weekly radio address.

    "As I've urged over the past year, we need common-sense rules that will allow our markets to function fairly and freely while reining in the worst practices of the financial industry."

    On Monday, the Senate banking committee will debate a proposal by Democratic Senator Christopher Dodd that is designed to halt what he sees as abuse and excess by financial firms.

    Dodd's bill would empower the Federal Reserve to conduct oversight across the financial sector, putting insurance companies and even smaller lenders under their sway.

    full article;