Friday, November 20, 2009

Fed "Independence"

A quick note on this topic -

The only thing the Fed is independent of is oversight from those who fund it.
If you think that the Fed is independent from the banks who use it to fund their speculation and clean up their messes, then you are either not paying attention or are bought and paid for by these same banks (Barney Frank, Chris Dodd or a CNBC anchor).

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