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Fed Rejects Geithner Request for Study of Governance, Structure

The foxes are guarding the henhouse, again. This is kinda like setting a back fire to keep the real forest fire from making progress. "Maybe if we do our own investigation, that will keep the other forces clamoring for transparency away."

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Some top central bank officials, after agreeing to the review, saw a potential threat to Fed independence after the Treasury released the proposal, two of the people said. The Obama plan said the Treasury would consider recommendations from the review and “propose any changes to the Fed’s governance and structure.” ....