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Forum Post: Is Anyone Serious Here? No Discussion of the GAO report on the Fed today

Posted 12 years ago on Oct. 19, 2011, 4:53 p.m. EST by DevilDog (8)
This content is user submitted and not an official statement

this is SOLID FACTUAL information that could be used to boost the OWS cause

it should be spread around and shoved in the face of the country

9 Comments

9 Comments


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[-] 1 points by DevilDog (8) 12 years ago

Thank you monetizing. Im not trying to berate people here....but come on......this is solid information that proves our case regarding banks and wall street....I just dont understand some of you

.politico.com/news/stories/1011/66365.html

bear in mind this report about the fed is a slice of whats going on there...so much is secret

[-] 1 points by MonetizingDiscontent (1257) 12 years ago

I included it in a post earlier. Keep spreading the word!

[-] 1 points by DevilDog (8) 12 years ago

You need to stop responding to trolls, Stop discussing stupid crap. Look at what I just gave you. THINK about how you can get this INFORMATION to people OUTSIDE occupy wall street...We can bring more people over to us but not if we aren't focused. Please.

[-] 1 points by DevilDog (8) 12 years ago

Listen, seriously, people, anyone who CARES about occupy wall street...please

Please get serious, stop the nonsense. Here we have a report which could persuade those outside of OWS to see how right we are

Stop the trivial bs discussions. Focus on things like this.

http://www.politico.com/news/stories/1011/66365.html

[-] 1 points by iworkhard (9) 12 years ago

WASHINGTON (MarketWatch) -- Responding to criticism of the Federal Reserve for the number of director-affiliated banks that participated in emergency lending programs during the financial crisis, the Government Accountability Office on Wednesday called on the central bank to take four steps: broaden their pools of potential candidates for directors, clearly document the roles of the directors, adopt a process for regional banks to grant rule waivers, and publish key governance documents. In a letter back to the GAO, the Fed said it will look to broaden the pool, consider ways to amend bylaws to make director roles clearer, will consider publishing any granted waivers and will post governance documents online. Sen. Bernie Sanders, the Vermont Independent who requested the report, said it shows that "the most powerful entity in the United States is riddled with conflicts of interest."

[-] 1 points by yasminec001 (584) 12 years ago

pls send me a link ty for bringing awareness

[-] 0 points by justhefacts (1275) 12 years ago

http://www.factcheck.org/2008/03/federal-reserve-bank-ownership/

Is it news to you that THE FED is not a government entity as much as it is a conglomerate of affiliated and privately owned banks?

[-] 0 points by RichardGates (1529) 12 years ago

link? common man throw me a bone.