Federal Reserve To Be Given Sweeping New Powers
Tuesday, June 16th, 2009
This has been planned for some time now. The fact that these measures were discussed under Bush II should be enough to demonstrate just how illusory 2 party ‘democracy’ really is.
Flashback: HR 1207: Battle To Audit The Fed Has Only Just Begun | Private Federal Reserve Makes Power Grab as Bush, McCain Urge Congress to Approve Plan | Treasury’s Plan Would Give Fed Wide New Power | Financial ’super cop’ role for Fed
Steve Watson, Infowars.net
June 16, 2009
Bankers get what they lobbied for, media reports total lack of transparency as “regulation”
The privately owned and run Federal Reserve is to be handed sweeping new powers under Obama administration proposals in a deal that will please bankers who lobbied for more Fed “oversight” of their activities.
The new rules would see the Fed given the authority to “regulate” any company whose activity it believes could threaten the economy and the markets.
“The final plan due to be released on Wednesday — which originally aimed to streamline and consolidate banking and securities regulation in one or two agencies — now is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration and industry sources, ” reports the Washington Times.
The police watchdog is to carry out an independent inquiry after a man was shot twice with a Taser in Nottingham city centre in an incident filmed by a bystander and posted on the internet.
Political dissent in Iran in the aftermath of the national election has spread not only to the streets of Tehran, but also online, where protesters of President Mahmoud Ahmadinejad and observers of the election have battled to get news out of the country for three days.