When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, December 13, 2013

First Secret Courts, Now the Secret Federal Reserve -- Had Enough?

Rand Paul’s ‘Audit the Fed’ bill: " . . . See the pattern? The Federal Reserve fought against releasing its emergency lending data. It was finally forced to, and the sky didn’t fall. It’s been fighting to keep evidence of foreclosure abuses secret, making people wonder whose interests it serves. And it doesn’t appear to be drafting the rules that would circumvent its own bailout powers, to the worry of many. These are the abuses that stick with people and make the public think there’s more shadiness that they don’t know about. These are all self-inflicted wounds, and reflect the choices that the Federal Reserve has made on its own. Reform happens. Whether it comes from people who want to see the Fed do a good job or those who are looking for excuses to be for hard money is a choice that the Fed has helped influence...."

Arrogance, secrecy, lack of accountability . . . . power corrupts, and absolute power corrupts absolutely.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects