Tagged with Federal Reserve System

Mental Health Parity in the Bailout Boondoggle H. R. 1424

Here is the full text, and I suggest that everybody read this bill. It was pushed through with only a couple of days debate by lawyers who have little understanding of the workings of Wall Street or The Fed, and who have huge financial interest in the institutions that will benefit from it. To add insult to injury, they tacked a lot of pork barrel spending onto it to BRIBE Congress to agree to it.

Foreign Investors

A friend recently consulted me about a rumor he heard. He wanted to know whether the Muslims are investing money in the US in order to take over. This is my reply: The simple answer is “No, and if they did it was an amazingly stupid investment.” But I don’t do simple. :-) I’ll start […]

Please to help on a matter of Greatest Urgency

Got this email from a friend. I howled with laughter when I read it. See the next post for my response. Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My […]

Mental Health Rules Put in Bailout

http://www.house.gov/apps/list/press/financialsvcs_dem/essabill.pdf The above link is to the full text of the bailout bill, and I suggest that everybody read this bill. It was pushed through with only a couple of days debate by lawyers who have little understanding of the workings of Wall Street or The Fed. And they tacked a lot of pork barrel […]

Capitalism and Democracy

“I don’t know what money is today, and I don’t think anybody at the Fed does either.” Richard Pratt, Chairman of the Board of the Federal Home Loan Bank, 1982 “American democracy was founded on the principle, stressed by James Madison in the Constitutional Convention in 1787, that the primary function of government is to […]

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