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Senators Call for Special Inspector to Oversee Bailout Buyout
Started by washingtonindependent · 9 months ago
Among the chief concerns surrounding the Bush administrationâs $700-billion Wall Street rescue plan has been the startling absence of oversight that accompanies it.
The White House brought this upon itself: The original draft included language exempting the Treasury secretary from scru ... Continue reading »
The White House brought this upon itself: The original draft included language exempting the Treasury secretary from scru ... Continue reading »
9 months ago
9 months ago
The power the federal reserve holds over the direction of the american economy is all encompassing and yet the majority of Americans believe the Fderal reserve is an American institution run for the people.It is not!.It is aprivate bank that has never been audited or subjected to any form of questioning!
This is the same group that set the interest rates at 1% that created the subprime bubble.
This is not to be seen as a win for congress.It needs to realize that it has the choice and power in these matters to affect whatever outcome it wishes ;The president cannot decide this by order(or can he -if so that is extremely worrying?)