Obama's Blueprint for Reform Concentrates Still More Power in Hands of the Fed
Jun 17, 2009 - 01:57 AM
By: Mike_Shedlock
The Washington Post has released a "near final" draft of Obama's financial reform proposals. As expected, the paper whitewashes the role of the Fed and Fractional Reserve Lending as well as the role of unfunded Congressional spending in creating the mess. Instead, Obama's plan gives more power to those responsible for creating the mess.
Jun 17, 2009 - 01:57 AM
By: Mike_Shedlock
The Washington Post has released a "near final" draft of Obama's financial reform proposals. As expected, the paper whitewashes the role of the Fed and Fractional Reserve Lending as well as the role of unfunded Congressional spending in creating the mess. Instead, Obama's plan gives more power to those responsible for creating the mess.
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