Comments on: Bloomberg News Sues the Federal Reserve Over Bailout Collateral

By: John

John — Wed, 19 Nov 2008 08:23:52 +0000

Mr. Disgusted, i do agree with your point of view. Something got to get started somewhere!

By: Disgusted

Disgusted — Wed, 12 Nov 2008 12:19:11 +0000

Italian Guy,

Maybe you’ve never required transparancy from anybody spending your money, but when they reach into my wallet without my permission and give to their friends, any amount of money they want, I demand to see what is happening. I don’t care if it is public or private – the minute that they take our collective money is when transparancy is demanded!!!

Since I have e-mailed relentlessy to my (leaders-HUH!) and they have not responded in any way, I have decided that the last thing left for me, is to quit paying taxes – They get no more from me!!! When a couple of million disgruntled Amerikans finally wake up from their Zombie state and do the same thing, we will start getting a fascistic government to listen.

Disgusted ex-Amerikan

By: Steve Evans

Steve Evans — Tue, 11 Nov 2008 02:09:39 +0000

The Fed is a quasi-public agency. It has both public and private components. See:

http://en.wikipedia.org/wiki/Federal_Reserve_System

By: olc

olc — Tue, 11 Nov 2008 02:01:44 +0000

What do you expect when a group as economically as ignorant as Congress is conned into a bailout which has no specifics about the use of the $700 Billion? My opposition to the bailout is not because we don’t need to act, but we need to decide the best way BEFORE authorizing the clowns who caused the problems to spend that kind of money.

By: Jason

Jason — Mon, 10 Nov 2008 18:17:40 +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

By: Italian Guy

Italian Guy — Sat, 08 Nov 2008 06:33:39 +0000

Maybe I’m wrong, but the Federal Reserve it’s NOT a Federal Agency, despite his name.

They are a privately hold bank, which has the right to print money.

I’m wrong? Please expain to me.

Enjioy