FED gonna get scalped by Dodd.

Interesting, looks like the US Government does not like the fact that a bunch of Private bankers has the US by the balls.

I wonder if it will pass.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a83BcoqE7QGo&pos=4

"U.S. stocks, bonds and the dollar would collapse if investors perceive Congress violating the independence of the policy-setting panel, former Fed Governor Laurence Meyer, now vice chairman of Macroeconomic Advisers LLC, said last month."

Humm.

 

That's Financial Terrorism, as defined by the Patriot Act.

Its also a load of bullshit. Pure fear mongering.

 

Ron Paul's bill failed, so to will this.

I wish it wouldn't, but it will.

 

It might or might not be helpful, but it would definitely mean bigger government.

 

Oh hell yeah. Let's let the Socialist's set monetary policy. Election coming up lets cut some rates and buy some bonds yeah baby.