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- Aug 27, 2005
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The Federal Reserve has been subpoenaed.
Hell yea!! About time!!
OK, make that four words.
Article is here.
Let me add that the Federal Reserve has been making decisions secretly for far too long. The government, along with its purse strings, belongs to We the People, not the Fed. The Fed, according to the Constitution of the United States of America, is illegal.
I have two words for this:The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America. On January 1, BofA finalized its purchase of Merrill Lynch for just over $29.1 billion. That made the bank eligible for an additional $20 billion in federal rescue money, bringing BofA's total to some $45 billion. Now, Reps. Dennis Kucinich (D-OH) and Edolphus Towns (D-NY) want to know exactly what the banks and the Federal Reserve agreed to when they arranged the deal last year.
Hell yea!! About time!!
OK, make that four words.
Article is here.
Let me add that the Federal Reserve has been making decisions secretly for far too long. The government, along with its purse strings, belongs to We the People, not the Fed. The Fed, according to the Constitution of the United States of America, is illegal.