"Sept. 18 (Bloomberg) -- Federal Reserve officials are signaling they are prepared to take an even larger role in trying to contain the deepening financial crisis. "
http://www.bloomberg.com/apps/news?p...d=aNJwnVtjN_kg
Oh great - as if they haven't "helped" enough already by seizing various private companies without even a "by your leave" from the shareholders. Our capitalist system is increasing looking like Nazi Germany, Russia, Venezuela - nationalizing this or that at the whim of the bankers.
I watched the movie "Money Masters" http://video.google.com/videoplay?do...19560256183936 a few days ago, whose premise is basically that the world is run by a worldwide cabal of central bankers. I was skeptical about a lot of the theories in the movie, but one central theme seems to be coming to pass - the central banks have created an economic crisis so that they can "save us" by buying up our assets at pennies on the dollar, with their fiat currency printed from thin air. Frannie, AIG - these were just the beginning - the FED looks like it may take control of several more institutions. You can add Bear Sterns - JPMorgan got them for next to nothing, and they are a key member of the Federal Reserve. Whether this was an intentional act by the central banks, or just their desperate reaction to market conditions - I am not really sure. The net result is the same.
The FED could end up owning our auto industry, our financial industry, and who knows what else.
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