What Is The Fed Hiding?
Bloomberg.com is reporting that an attempt by the Treasury Dept. to review the Fed has been firmly rejected by Fed officials.
Fed Rejects Geithner Request for Study of Governance, Structure
By Craig Torres and Robert Schmidt
Sept. 21 (Bloomberg) — The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter said. The Obama administration proposed on June 17 a financial- regulatory overhaul including a “comprehensive review” of the Fed’s “ability to accomplish its existing and proposed functions” and the role of its regional banks. The Fed was to lead the study and enlist the Treasury and “a wide range of external experts.” 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.” read full article here.
So they have pushed back on any auditing of the Fed, now they are saying no to any additional governance models…are these the people you want handling your saving?
Are you going to allow your child’s future to be controlled this secret organization?
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