Bernanke: Keep Fed as watchdog of small US banks
Submitted by meekandmild on Sat, 03/20/2010 - 17:27
in
WASHINGTON – Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.
Bernanke, in a speech to the Independent Community Bankers of America's meeting in Orlando, Fla., argued against a Senate proposal that would scale back the Fed's banking duties.
Close connections with community banks give the Fed a better understanding of the nation's financial risks, including problems in commercial real-estate and small-business lending, according to Bernanke's prepared remarks.
Let's let the wolves keep watch over the hen house.
Pretty soon there will be no eggs and no chickens left.
Piranhas overeat.
Well
said, thanks.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Yeah...
Let's put the Fox in charge of the chickens. My God what is this country coming to. Bernanke should resign, and leave this country before he is found guilty of treason, and beheaded. This man is so stupid, does he really believe he can continue down this path of fraudulent behavior, and be rewarded. Hmmmm...only Obama, and his masters know the answer to that. Remember though, we are "WE THE PEOPLE" and we govern ourselves, and will throw out this government when we see fit to do so. Do you all agree?
Tessie, similar thoughts within 2 minutes.
There can be so much divergence on the DP it seems, it is nice to see a little convergence once in a while.
Peace.