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aldante
ParticipantPatient,
Obviously I do not know what the Fed is doing – nobody does. So any observation can not by definition be empirical. I think that many people believe that the phrase “Power corrupts and absolute power corrupts absolutely” describs human nature. All of our laws are designed to take human nature into account. With no one to answer to and control over the wealtist nation in the history of time, the potential for corrution at the FED is immense. I think that not auditing the FED is the weird thing. Auditing seems the normal thing. Just my take.ParticipantPatient,
Obviously I do not know what the Fed is doing – nobody does. So any observation can not by definition be empirical. I think that many people believe that the phrase “Power corrupts and absolute power corrupts absolutely” describs human nature. All of our laws are designed to take human nature into account. With no one to answer to and control over the wealtist nation in the history of time, the potential for corrution at the FED is immense. I think that not auditing the FED is the weird thing. Auditing seems the normal thing. Just my take.ParticipantMy take is that the Fed does a lot more then “print money”. They loan it also. They also seem to change interest rates. They also set Reg T, which has a massive effect on capital markets. Their policies/rules affect every aspect of American business and homeownership. So I guess I disagree with your contention.
If Congress/Executive have OBM why would it hurt to have the Fed audited.
ParticipantMy take is that the Fed does a lot more then “print money”. They loan it also. They also seem to change interest rates. They also set Reg T, which has a massive effect on capital markets. Their policies/rules affect every aspect of American business and homeownership. So I guess I disagree with your contention.
If Congress/Executive have OBM why would it hurt to have the Fed audited.
ParticipantMy take is that the Fed does a lot more then “print money”. They loan it also. They also seem to change interest rates. They also set Reg T, which has a massive effect on capital markets. Their policies/rules affect every aspect of American business and homeownership. So I guess I disagree with your contention.
If Congress/Executive have OBM why would it hurt to have the Fed audited.
ParticipantMy take is that the Fed does a lot more then “print money”. They loan it also. They also seem to change interest rates. They also set Reg T, which has a massive effect on capital markets. Their policies/rules affect every aspect of American business and homeownership. So I guess I disagree with your contention.
If Congress/Executive have OBM why would it hurt to have the Fed audited.
ParticipantMy take is that the Fed does a lot more then “print money”. They loan it also. They also seem to change interest rates. They also set Reg T, which has a massive effect on capital markets. Their policies/rules affect every aspect of American business and homeownership. So I guess I disagree with your contention.
If Congress/Executive have OBM why would it hurt to have the Fed audited.
ParticipantKudos to you for getting it right. May God bless you and yours.
ParticipantKudos to you for getting it right. May God bless you and yours.
ParticipantKudos to you for getting it right. May God bless you and yours.
ParticipantKudos to you for getting it right. May God bless you and yours.
ParticipantKudos to you for getting it right. May God bless you and yours.
ParticipantI think this is my favorite, Cassano speaking:
“it is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions.” As he spoke, his CDS portfolio was racking up $352 million in losses
ParticipantI think this is my favorite, Cassano speaking:
“it is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions.” As he spoke, his CDS portfolio was racking up $352 million in losses
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