Comments on: Federal Reserve avoids Freedom Of Information Act request

By: O

Mon, 17 Nov 2008 03:30:27 +0000

I can’t wait until January when we can take some of your funds to help pay for people like me who need it more. You still have way too much money and my government will get our share soon.

Obama Mama’s for Change

By: Michael

Michael — Sat, 15 Nov 2008 03:03:51 +0000

If you look in the phone book of any city where a federal reserve bank is located, the number is in the yellow pages or business section not in the government section. Just a fun little fact there.

Our country allows a private bank to print money and then charge interest on the loans of that money.

By: Tim

Tim — Thu, 13 Nov 2008 10:20:52 +0000

@Bo: congratulations, now go out and buy some more stocks and funds since they cost half as much to get twice as much.

By: bo

bo — Thu, 13 Nov 2008 04:33:28 +0000

This market is crazy, My 800k retirement is now worth a paltry 408k as of today.

By: Interested Party

Interested Party — Wed, 12 Nov 2008 17:54:23 +0000

History of the Federal Reserve:
http://www.youtube.com/watch?v=by430chzT98

By: Tim

Tim — Tue, 11 Nov 2008 10:39:50 +0000

At $2trillion, I can’t imagine that US companies are the only ones borrowing. This is probably the crux of the problem: non-US entities borrowing from the fed as well as major private entities. I think what we don’t want is a huge political scare over shoring up non-US entities, which are important for our economic stability since foreigners own a lot of US debt.

By: Jason

Jason — Tue, 11 Nov 2008 00:28:28 +0000

The Fed is transparent in that it is subject to the oversight of
Congress. Is twice a year not fast enough? The intent of Congress in
shaping the Federal Reserve Act was to keep politics out of monetary
policy. Legislation requires that the Federal Reserve reports annually
on its activities to the Speaker of the House of Representatives.

http://nomdeals.blogspot.com