Thread: This is nuts

I was listening to the news, I know, stupid, anyway Obama just turned over to the Federal Reserve control of all the nations banks. No congressional vote, no nothing. He turns over the nations finance industry to the criminals that are responsible for tanking the economy.



Un Fucking Real!!!

[quote name='Forplay' date='23 October 2009 - 08:15 AM' timestamp='1256310912' post='43103']

You got that right, impeach this dictator. Obama the Worst President Ever



[/quote]

I can't freaking believe what this fuck just did, all bank employees salaries will be determined by the federal reserve, all bank transactions will be scrutinized, all regulatory, everything, will be done by the federal reserve, for every bank in this country. They basically nationalized the entire banking system. This is criminal, and Obama the dictator, needs to go. You funds are their funds.

[quote name='michaelr' date='23 October 2009 - 10:08 AM' timestamp='1256310528' post='43100']

I was listening to the news, I know, stupid, anyway Obama just turned over to the Federal Reserve control of all the nations banks. No congressional vote, no nothing. He turns over the nations finance industry to the criminals that are responsible for tanking the economy.



Un Fucking Real!!!

[/quote]



Got a link? I just did a quick news scan and I'm not sseing anything of the sort.

[quote name='Bourne' date='23 October 2009 - 08:49 AM' timestamp='1256312961' post='43112']

Got a link? I just did a quick news scan and I'm not sseing anything of the sort.

[/quote]

The Fed’s plan, which will take effect some time after a 30-day comment period, will create a two-tier system of supervising pay, using different approaches for the nation’s 28 biggest institutions and the thousands of smaller banks, which would be subjected to a review with their regular bank examinations.

Here you are......Fed Plans to Vet Banker Pay to Discourage Risky Practices

[quote name='michaelr' date='23 October 2009 - 10:08 AM' timestamp='1256310528' post='43100']

I was listening to the news, I know, stupid, anyway Obama just turned over to the Federal Reserve control of all the nations banks. No congressional vote, no nothing. He turns over the nations finance industry to the criminals that are responsible for tanking the economy.



Un Fucking Real!!!

[/quote]



According to the source which you have provided the Federal Reserve has not "taken over" the nations banks.



Executive pay pacakages are going to be regulated. That's all.

[quote name='Bourne' date='23 October 2009 - 09:37 AM' timestamp='1256315877' post='43140']

According to the source which you have provided the Federal Reserve has not "taken over" the nations banks.



Executive pay pacakages are going to be regulated. That's all.

[/quote]

Thats incorrect, they will limit pay to all banks, and all banks are subject to review, this is a take over. But hey they don't call it that do they, they say it, but they wont call it what it is...



using different approaches for the nation’s 28 biggest institutions and the thousands of smaller banks, which would be subjected to a review with their regular bank examinations.

[quote name='michaelr' date='23 October 2009 - 11:41 AM' timestamp='1256316060' post='43142']

Thats incorrect, they will limit pay to all banks, and all banks are subject to review, this is a take over. But hey they don't call it that do they, they say it, but they wont call it what it is...



using different approaches for the nation’s 28 biggest institutions and the thousands of smaller banks, which would be subjected to a review with their regular bank examinations.

[/quote]



Regulating executive pay packages is not a takeover no more than requiring that cash deposits over certain amount be reported to Treasury.

[quote name='Bourne' date='23 October 2009 - 09:44 AM' timestamp='1256316266' post='43145']

Regulating executive pay packages is not a takeover no more than requiring that cash deposits over certain amount be reported to Treasury.

[/quote]

Look, they are regulating all pay. For everyone.