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131 Comments
- grantface, on 11/16/2008, -2/+109The Fed should not exist.
- MacBookForMe, on 11/16/2008, -2/+102Jail those crooks!
- charlottehughes, on 11/16/2008, -2/+69confiscate their assets then jail em
- 55mph, on 11/16/2008, -2/+60the Fed's balance sheet is a straight out lie. the Fed never gets audited. never will.
anyone one know what Bernanke gets paid? that's a tax return i'd like to see, if he even pays taxes. - inactive, on 11/16/2008, -0/+43The FED prints our money to lend it back to us with interest! What the hell don't you people understand? A 5 year old understands this is a complete RIP OFF. Kill the privately owned FED! Period. Return to the mandate of the US Constitution, Article. I, Section 8, "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures..."
"All of the perplexities, confusion, and distress in America arises, not from the defects of the constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation."~John Adams - badfish0116, on 11/16/2008, -3/+41Hell Yeah! I cannot wait for Obama to get in there and change all of this......Oh wait he voted for the bailout bill.
- G-RaZoR, on 11/16/2008, -1/+38Thou shall not bailout.
- inactive, on 11/16/2008, -2/+39The banks that are getting bailout money should be EXPOSED, their management should be INDICTED, and they should be allowed to FAIL.
Face it, the 700 billion is not going to change the way these banks do business. This crisis does not stop when the gov't issues billions of dollars of fiat money when it is trillions of dollars in debt.
Quit giving the alcoholic a sip of whiskey. - hsutrack, on 11/16/2008, -1/+35I just dont get the logic of helping out a business that obviously failed at being a business, like its not their fault or something. **** the federal govt.
- angryfirelord, on 11/16/2008, -0/+25How convenient, I get to use an article on Digg for my "abolish the federal reserve" speech for speech class. Thanks Digg! :-)
Oh, and jail them bastards. No, that's too light a punishment, send them to gitmo! Bernanke, Pelosi, Bush, hell anyone who voted or even supported the bailout and the Federal Reserve's policies should be banished from ever serving in the government. Yes, I'd say we should open our own guantamo bay for government crimes. That way, our retarded politicians might learn a thing or two when the power of the people is put into full effect. - gbudavid, on 11/16/2008, -3/+27Barney Frank,Christopher Dodd, Nancy Pelosi, Harry Reid,John,Murtha,William Jefferson...
Those crooks?? - inactive, on 11/16/2008, -0/+17 To me this is further proof that the Fed and Wall Street are our real government. Notice who defers to who.
- inactive, on 11/16/2008, -0/+17Good question. However, what I find interesting is how Obama supporters feel about the FED? Both candidates voted for the bail out.
- omegaant, on 11/16/2008, -0/+17Naomi Klein writes on who is lining up at the trough to receive their share of the promised bounty:
"Under cover of an emergency, Treasury is rapidly turning into an economic Green Zone, overrun with private companies collecting lucrative contracts. Fittingly, one of the first to line up at the new trough was none other than the law firm of Bracewell & Giuliani — yes, that Giuliani. The firm's chairman, Patrick Oxford, could scarcely conceal his glee over the prospect of cashing in on the bailout. "This one," he told reporters, "is very, very big." At least four times bigger, in fact, than the post-9/11 homeland-security bubble, from which Giuliani and his various outfits have profited so extravagantly. Even bigger, potentially, than the price tag for the Iraq War itself."
http://thelastmovement.blogspot.com/2008/11/naomi- ...
Giuliani's law firm profiting on the bailout via contracts? It has a familiar ring to the many contractors who have stolen money contracting for the Iraq War. There are vultures flying around in droves.
What's so ironic is that the problems started due to unsecured loans and now taxpayer money (whatever that means, since most of us don't have any!) is supposed to secure these loans. It must surely mean our grandchildren's houses will belong to the Federal Reserve - though there might be some weird kind of security in that scenario, since the only people who really want to own houses are those who live in them.
Help me find a silver lining here... - BlacklabelSAR, on 11/17/2008, -0/+16This is what breeds revolutionaries.
- TonyLocNE, on 11/17/2008, -0/+13Well, I don't know about the McCain/Palin team's support for the Fed, but I do know of a Congressman who ran for president this election. Unlike the two publicized candidates, this one has been speaking out against the Fed during his past 10 terms in Congress, and actually voted AGAINST the bailout. Too bad we can't say that for Obama....
- 55mph, on 11/17/2008, -1/+13you think the following exclusions will give you an accurate audit? this list skews the audit's legitimacy to zero.
tweetsa, you have some nerve calling diggers ronpaulbots. you are a ionlyreadheadlinesbot. READ THE FINE PRINT, morons.
"Audits of the Federal Reserve Board and Federal reserve banks may not include—
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection."
like i should of said, the Fed is not subject to a legitimate audit. all you have is window dressing to fake some notion of transparency. - omgwtflawl, on 11/17/2008, -0/+12The Fed is above the law. This isn't going to go anywhere.
- inactive, on 11/17/2008, -0/+12The dollar looses value when the Treasury prints more money than it should.
The devaluation of the dollar causes inflation. The inflation is taxed. That tax is the interest.
Get it? Look it up. I'm sure you will. - inactive, on 11/16/2008, -0/+12It's a good start, I think Paulson and Bernanke should be given the electric chair also
- PGPirate, on 11/17/2008, -0/+12Ever heard of survival of the fittest? These banks are not fit. Let them die and newer faster banks will take over
- BlindDefender, on 11/16/2008, -0/+12In my opinion...
What a bunch of crooks! The Fed thinks it is omnipotent and can do what it wants. US tax payers must respond!
Tax payers MUST demand transparency. Every one contact your congress people now.
I am writing my emails today-you should too.
Let's tell them how we feel! Just Google *write congress* for addresses. - Osirus1156, on 11/16/2008, -0/+11How about they just pull away the blanket of secrecy away from all of their spending?
- Intercon, on 11/17/2008, -0/+11Watch it all go away, folks. Quite simply the looting of the American treasury by global banking interests. Just ask Ben Franklin on why the U.S. decided to declare independence and fight the revolutionary war: to escape central banking.
Time to end the FED's complete control of the U.S. economy.
No more FED. - akhomestead, on 11/17/2008, -2/+13This isn't the federal government, and this it's not apart of the bail out. The "Fed" or Federal Reserve is private, they really don't have to show who they are loaning money too. They are an illegal cartel that runs our government. They are above government.
- omjeremy, on 11/16/2008, -1/+11IT'S A TARP!!
- IAmTheGuy, on 11/16/2008, -1/+11First: Don't call people idiots. It's not nice. You can disagree with the idea, but don't attack people.
Second: Many things are only acceptable in a specific time and place. Transparency and full disclosure is usually horrible when it comes to military operations which is why you never salute an officer in a hostile area. - hugolp, on 11/16/2008, -0/+10They could release the info after a month or after two months, so its "old news". But they wont do it.
- JCPahl, on 11/17/2008, -0/+9Andrew Jackson said that killing the bank in his day was his proudest achievement, but it's come back. The history of the United States has been wrapped up in the attempts of the central banking system to establish a stranglehold on our republic, and today is no different.
- inactive, on 11/17/2008, -0/+9they had to ask congress so that they could create a "crisis of fear" which will play to their favor in consolidating power. are only hope is obama which as the above reader pointed out voted for the bailout bill and continues to be buddy buddy with the criminal bankers.
- inactive, on 11/16/2008, -2/+10In addition to ALL the Senators that voted for the bail out. John McCain, Hoyer and Obama just to name a few more.
- nosecohn, on 11/17/2008, -0/+8You make good points, but there are a couple counter-arguments...
First, the Treasury should have never agreed to, much less touted, transparency and accountability if they didn't plan to follow through. Second, it has already been accepted that the Fed would only disclose the names of institutions who received the capital, not all those who applied. Clearly, releasing the names of rejected institutions would present the very real possibility of a run. People aren't complaining about not knowing who wants our money; the problem is not knowing you GOT our money. - inactive, on 11/17/2008, -0/+8If everyone stopped paying their taxes all at the same time, what will the Gov't do?
- DamnMan, on 11/17/2008, -0/+8You can call it Karma, Cosmic Justice, or simple physics. For every action there is an equal but opposite reaction. These peoples sins are out there for all to see. No longer are people completely unaware of the world around them past what a few TV stations have to tell them. No more security though obscurity for these people.
They are pissing off a truly huge portion of the population. And doing so in a day and age where everyone knows or can find out who they are and the part they play. Anyone can find an address, a phone number, even satellite imagery and God forbid their aids are twitter junkies...
Think of the massive revolts and protests that can be organized with the net. A few stories down about the gay marriage ban protests is a small example. Mob rules gentlemen, best of luck to you. If/when we have tent cities springing up all over the place and everyone is pointing the finger at you, you will need all the luck you can get. - digitalhair, on 11/17/2008, -0/+8c'mon! throw some republicans in there too!
...okay, i'll settle for what you've got so far... - p13t3rm, on 11/17/2008, -0/+8***** the Federal Reserve.
- craftyguy, on 11/17/2008, -0/+7Hey how about the senators who backed the bailout?
Obama, McCain, Clinton, etc? - entropy71, on 11/17/2008, -0/+7I'll be happy to digg you down. How about giving us some sources?
- skanton, on 11/17/2008, -0/+7For those of you who live in the US and are fed up with the Fed...
http://www.endthefed.us/ - 55mph, on 11/16/2008, -1/+7this is a hot topic. how do the neo-con, love it or leave it, mccain palin supporting diggers feel about the Fed?
- thegrantman, on 11/17/2008, -0/+6Friday afternoon a guest speaker for Rush Limbaugh was railing against the Fed. I've always thought that Rush was a puppet for the Bushies but that seems not as certain now.
- tgc1, on 11/17/2008, -0/+6You know what I find funny? Well, not so much funny as sick. If you owe the government so much as 5 dollars in taxes, the IRS will come down HARD on you. But hey, the Federal Reserve can refuse to disclose where it sent 2 TRILLION ***** DOLLARS and the government doesn't say ***** about it? Come on. Stop ***** hard working Americans. These people clearly need to go to jail. And you know something, if you don't think there is a conspiracy, then think about it... why the hell would they want to cover it up? Clearly because they are doing questionable things with those funds. Probably giving the money to parties who should NOT be getting it. Hell, they might even be off shoring that money or disbursing it internationally. Who knows.
There is one thing you all know by now. Those ***** people are CROOKS! - dycc07, on 11/17/2008, -0/+6Seems like the TARP program is allocating money and expanding to cover non-mortgage institutions such consumer credit, insurance companies and who knows what else. Firms are transforming into "bank holding companies" (American Express, and Hartford Financial) to line-up for a slice of the bailout pie. This premise of the TARP is now completely different than the one under which Congress reluctantly voted for. The result? another bureaucratic behemonth, think the financial version of the Dept. of Homeland Security, in charge of granting lucrative contracts to service bad mortgages, consumer debt, and other financial instruments. It's all just another paper shuffling money grab that DOES NOT address the root cause of the problem which is falling housing prices and foreclosures, meanwhile the real economy suffers.
- wgasa, on 11/16/2008, -0/+6*****
- inactive, on 11/17/2008, -0/+5Dugg for quoting Article 1 Section 8. And how does one regulate the value of coined money? Umm ..setting a weight standard for the coins maybe? It's clear right there in black and white. The Fed is unconstitutional as clear as day and should be abolished. There should be a public latrine built over Wilson's grave.
- TimDigg, on 11/17/2008, -3/+8Like we trust some random geocities site?
Could have been worse, it could have been angelfire, and then I'd know for sure thats fake... - dieboldcracy, on 11/17/2008, -0/+5we're too thick to understand how incredibly naive we are....................
it's not socialism you thick headed fool...it's FASCISM......
we're not pro corporation because we're anti regulation. There needs to be regulation in regards to corporate FRAUD. ANY entity that is allowed to run unchecked will inevitably be corrupted. But when the corporations/private banks/FED are making backroom deals with committee heads that are DEMOCRATS AND REPUBS, and congress is signing bailouts (not bailout, corporate private bank takeover) that have clauses saying they don't have to tell us how they're spending the money, or that they can't be prosecuted for wrongdoing, THAT my friend is FASCISM....................you thick headed ***** MORON - jnuneznj, on 11/17/2008, -0/+5Yeah Phil Graham too!
- jnuneznj, on 11/17/2008, -0/+5I agree with the delayed disclosure and I would like to add that creating a Senate sub-committee to monitor and regulate them would work as well. It's how it currently works with our intelligence agencies.
The Automotive Bailout looks better because most agree that regulation needs to go along with it. - schnikies79, on 11/17/2008, -3/+8Here is a link the federal law that controls the Fed's audits. Yes they are audited.
http://www4.law.cornell.edu/uscode/31/714.html
Here is a link to the federal reserves site:
http://www.federalreserve.gov/generalinfo/faq/faqf ...
Now quit spouting incorrect *****. It makes you look dumb. -
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