03/31/2008: “Blueprint for a Modernized Financial Regulatory Reform” released by Secretary of the Treasury Hank Paulson arguing for broad new sweeping powers for Treasury Department.
H.R. 1207 Federal Reserve Transparency Act of 2009 Introduced Feb 26, 2009 http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
Thanks...I wasn't aware that this was introduced. I have a feeling though it's not going to get anywhere, not with all the crooks in charge. But at least he's trying.
Things are changing quickly. Hope everyone that matters has their head on straight.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
Thanks!! I heard about this one but never got to watch. A shock that someone like Sanders got it right for once! Partial transcript:
“My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” Sanders asked, referring to the size of the Fed’s balance sheet.
[T]he central bank chairman replied, “No,” and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
“Isn’t that too bad,” Sanders interrupted, cutting him off. “They took the money but they don’t want to be public about the fact that they received it.”
“Do you have to be a large, greedy, reckless financial institution to apply for this money?” he[Sen. Sanders] asked.
Sanders responded: “Let me just say this, Mr. Chairman. I have a hard time understanding how you have put $2.2 trillion at risk without making those names available, those institutions public.”
“It is unacceptable to me that that this goes on,” he added.
