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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 3)
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| Groundhog Boy |
| quote: | Originally posted by Krypton
Citigroup executives run the company into the ground and need government help. Don't you think the shareholder's would be up in arms? Of course, and they did. The CEO, gone. Board of directors, gone. FIRED. That's accountability for you. |
Actually, if you're talking about Chuck Prince in 2007, he "retired" and Pandit took over. Not too much of the board has changed, either. |
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| Krypton |
| quote: | Originally posted by Groundhog Boy
Actually, if you're talking about Chuck Prince in 2007, he "retired" and Pandit took over. Not too much of the board has changed, either. |
Well, the point is, lots of people got fired. Thousands. From CEOs and other executive officers, to the average 9-5ers. I think there is plenty of accountability, especially to shareholders. If I saw my company's stock value plummet 90%, I'd be ing pissed. Management would be hammered by the anger. |
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| pkcRAISTLIN |
| quote: | Originally posted by thedoggyworld
Auditing the Federal Reserve is a step in the right direction to abolishing it all together. |
why would you ever want to abolish the central bank? do you even know what it does?
| quote: | Originally posted by thedoggyworld
I'd prefer the Congress or the Treasury to make the currency. |
they do make the currency you fool. the currency is created by bills in congress. the fed doesn't print money except when permitted by the government.
| quote: | Originally posted by thedoggyworld
The members are not accountable to voters either. |
do you think all the other government agencies should be elected? like, i dunno, the department of agriculture? :rolleyes:
| quote: | Originally posted by thedoggyworld
If anyone has the names of the member banks, I would appreciate a link. I think they are JP Morgan, Bank of America, Citigroup. |
go look it up yourself, it isn't hard.
you're just another one that doesn't understand how the central bank works. grow up, go to school and for god's sake stop parading your ignorance. |
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| pkcRAISTLIN |
| quote: | Originally posted by culorut
Wait are you trying to convince me that a private company who takes a huge percentage of monies from the people should not be scrutinized? |
the federal reserve is a government agency that returns all profit to treasury, you ing fraud :stongue: |
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| culorut |
| quote: | Originally posted by pkcRAISTLIN
the federal reserve is a government agency that returns all profit to treasury, you ing fraud :stongue: |
Then audit them properly just like everyone else. It's the right thing to do and apparently it is going to happen regardless if you are content with being shafted in the rear.
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| pkcRAISTLIN |
| quote: | Originally posted by culorut
Then audit them properly just like everyone else. It's the right thing to do and apparently it is going to happen regardless if you are content with being shafted in the rear. |
they are already audited properly. only ignorant conspiracy theorists like yourself dont understand that. |
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| occrider |
| I was just offered a position with the Federal Reserve Bank of NY ... dunno if I'm going to take it but I'm salivating at the chance to be a part of the conspiracy theory. |
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| pkcRAISTLIN |
| quote: | Originally posted by occrider
I was just offered a position with the Federal Reserve Bank of NY ... dunno if I'm going to take it but I'm salivating at the chance to be a part of the conspiracy theory. |
lols!
occrider, if you have the time, could you explain to us exactly what this bill is going to change from the current system in place? ive had a quick look but didn't see too much of note... |
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| culorut |
| quote: | Originally posted by pkcRAISTLIN
they are already audited properly. only ignorant conspiracy theorists like yourself dont understand that. |
Well a couple hundred congressmen definitely do not agree with you or the way the audits have been conducted, this is the reason they want tons more transparency.
You really should try reading post #1 in this thread again before talking . |
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| jerZ07002 |
| quote: | Originally posted by culorut
Well a couple hundred congressmen definitely do not agree with you or the way the audits have been conducted, this is the reason they want tons more transparency.
You really should try reading post #1 in this thread again before talking . |
congress people are hardly a measure of intelligent decision making. |
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| culorut |
| quote: | Originally posted by jerZ07002
congress people are hardly a measure of intelligent decision making. |
I agree with you, in most cases this is true but in this case they are passing a bill which allows more transparency to a private company which literally has a choke hold on the worlds most powerful nation.
Since the Federal Reserves inception it has failed the country. A one sided coin if you may, always digging the country it is supposed to help into a deeper hole.
Time to take a very close look and change things for the better because it has not helped at all since the very beginning. The Feds essentially own and run the country, they print the money and take it back through income taxes. The USA will be forever in debt because of their control, illegal control.
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,
Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers. |
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| atbell |
| quote: | Originally posted by culorut
Wait are you trying to convince me that a private company who takes a huge percentage of monies from the people should not be scrutinized?
Go ahead and bend over if you like that. I rather check further into what is going on. |
No, it is already being scrutinized, it is already open, it is already held acountable. Actions to 'do something' are populust and wasting rather valuble time. If people are actually concerned about working toward a better more stable economy they would spend the time learning what the Fed is doing, why they are doing it, and how the macro-economic situation in the US is similar to other cases of currency crisis that have unfolded around the world.
This won't happen because people are lazy.
If you do actually want to do something useful I'd suggest going over the papers released by the fed., getting better at math, and reading some of the IMF reports issued by the Independant Evaluation Office which cover the responses to crisis of the past (including the 2001 crisis in Argentina and the 97 crisis in Asia)
complaining about transparency and acountability that is already there is just plain stupid. |
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