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  • Don't Be Distracted By Greenspan-Blaming
    The problem is that Congress let the Fed have their authority. They allowed cult-like figures to have way to much influence in the markets. It's time to

    TakeBackTheFed.com
    Apr 29 09:25 am |Rating: 0 0 |Link to Comment |View article
  • The Subprime Three -- Rubin, Summers & Greenspan
    "The real culprit is the U.S. Congress", Ames Tiedeman

    True- but because they delegated their authority to create currency and maintain a system of credits. We need to

    TakeBackTheFed.com
    Apr 29 09:23 am |Rating: 0 0 |Link to Comment |View article
  • Is the Fed Bankrupting America?
    It is time to TakeBackTheFed.com
    Apr 29 09:21 am |Rating: 0 0 |Link to Comment |View article
  • More on the Subprime Market and Derivatives
    The solution is not simple. The Fed allowed and even encouraged these problems. The problem is thus the US Congress who delegated their authority to the Fed, allowing this mess to occur. The only solution is to

    TakeBackTheFed.com
    Apr 28 14:59 pm |Rating: 0 0 |Link to Comment |View article
  • Will "Principles-Based" Regulation Prevent Another Subprime Crisis? - Housing Tracker
    The problem is the $500+trillion derivatives bubble that may pop at any time. This is all the fault of the Fed and other central banks and their policies of the last 20 years (at least). As the derivative bubble was inflated the central banks stood by, even encouraged it with glee. In fact in the US at least, it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation! Let's do so in consultation with other allied central banks.
    Apr 23 12:28 pm |Rating: 0 0 |Link to Comment |View article
  • The Economic Guessing Game Has Begun
    The real economy is still somewhat functioning. It is being impacted by high fuel prices and commodities. People still go to work, give bitrth, eat food, live in [lower valued] hosues, etc. Life goes on.

    The problem is the $500+trillion derivatives bubble that may pop at any time. This will impact the real economy if farmers cannot get loans to keep running there farms if people cannot get loans to finance their homes, if producers of stuff that people need cannot finance the machines and supplies they need to make the stuff.

    This is all the fault of the Fed and its policies of the last 20 years (at least). As the derivative bubble was inflated the Fed stood by, even encouraged it with glee. In fact it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation!
    Apr 23 12:27 pm |Rating: 0 0 |Link to Comment |View article
  • Market Beaten Back - Right On Schedule
    The problem is not in the stock market specifically. The real economy is still somewhat functioning. It is being impacted by high fuel prices and commodities. People still go to work, give bitrth, eat food, live in [lower valued] hosues, etc. Life goes on.

    The problem is the $500+trillion derivatives bubble that may pop at any time. This will impact the real economy if farmers cannot get loans to keep running there farms if people cannot get loans to finance their homes, if producers of stuff that people need cannot finance the machines and supplies they need to make the stuff.

    This is all the fault of the Fed and its policies of the last 20 years (at least). As the derivative bubble was inflated the Fed stood by, even encouraged it with glee. In fact it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation!
    Apr 23 12:26 pm |Rating: 0 0 |Link to Comment |View article
  • Crisis Indicators Continue to Cool
    The problem is the $500+trillion derivatives bubble that may pop at any time. This is all the fault of the Fed and its policies of the last 20 years (at least). As the derivative bubble was inflated the Fed stood by, even encouraged it with glee. In fact it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation!
    Apr 23 12:25 pm |Rating: 0 0 |Link to Comment |View article
  • Deep Inside the Subprime Crisis
    The problem is the $500+trillion derivatives bubble that may pop at any time. This is all the fault of the Fed and its policies of the last 20 years (at least). As the derivative bubble was inflated the Fed stood by, even encouraged it with glee. In fact it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation!
    Apr 23 12:24 pm |Rating: 0 0 |Link to Comment |View article
  • The Bank of England Wants More Collateral Than The Fed
    The problem is the $500+trillion derivatives bubble that may pop at any time. This is all the fault of the Fed and other central banks- including the BoE and their policies of the last 20 years (at least). As the derivative bubble was inflated the central banks stood by, even encouraged it with glee. In fact in the US at least, it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation! Let's do so in consultation with the BoE and other allied central banks.
    Apr 23 12:22 pm |Rating: 0 0 |Link to Comment |View article
  • What Is the ECB Smoking?
    The problem is the $500+trillion derivatives bubble that may pop at any time. This is all the fault of the Fed and other central banks- including the ECB and their policies of the last 20 years (at least). As the derivative bubble was inflated the central banks stood by, even encouraged it with glee. In fact in the US at least, it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation! Let's do so in consultation with the ECB and other allied central banks.
    Apr 23 12:21 pm |Rating: 0 0 |Link to Comment |View article
  • Will U.S. Markets Crash Now - Or Later?
    The problem is not a crash of the stock market. The real economy is still somewhat functioning. It is being impacted by high fuel prices and commodities. People still go to work, give bitrth, eat food, live in [lower valued] hosues, etc. Life goes on.

    The problem is the $500+trillion derivatives bubble that may "crash" at any time. This will impact the real economy if farmers cannot get loans to keep running there farms if people cannot get loans to finance their homes, if producers of stuff that people need cannot finance the machines and supplies they need to make the stuff.

    This is all the fault of the Fed and its policies of the last 20 years (at least). As the derivative bubble was inflated the Fed stood by, even encouraged it with glee. In fact it is the fault of congress who have the constitutional responsibility to administer and maintain a currency and system of credits. Therefor, we need to

    TakBackTheFed.com

    We need to do it NOW. Let's not sit around and wait fo the crash, open our wallets, and pay for it (not that what is in our wallets will necassarily be woth much). Let's take action now, and save our nation!
    Apr 23 12:16 pm |Rating: 0 0 |Link to Comment |View article
  • Dear Mr. Bernanke
    We are not privy to all the information that Benanke has, true. BUT WE SHOULD BE. Congress should know what is going on, so they know WHY the Fed is doing what it is doing. And this information should not be kept from us. Especially when the Fed is bailing out entities not within its jurisdiction (i.e., Bear Stearns/JP Morgan). Congress (and ultimately you and I) have the responsibility to pay- this is clear. But, the dirty little secret is the we (through our congresional representatives) also have the authority- Article I, Section 8 of that "outdated" document (the Constitution).

    It is time to TakeBackTheFed.com
    Apr 16 12:33 pm |Rating: 0 0 |Link to Comment |View article
  • "Aftershock" or Shockwave? What Comes After the Next Bear Wave
    It is not too late to act. We can still save ourselves if we take immediate action, contact our allies, nationalize the Fed, and initiate an international program to save the world economy. Pelase link, ciirculate (the proclamation), spread the word about, sned (the proclamation to your representatioves):

    TakeBackTheFed.com
    Apr 16 12:23 pm |Rating: 0 0 |Link to Comment |View article
  • The Greenspan Defense
    nukldrager:

    exactly (except I do not think there are $530 trillion in dcdos, more like $45 trillion, but that figure could be right for all OTC derivatives).

    The point is we cannot trust the Fed. We sit back like dumb oxes, watching this happen, then at the Fed's behest, we open our wallets and pay for it. In fact we may be doing much more than opening our wallets.

    We have allowed congress to shirk their reponsibility to create money and manage the credit system. We have allowed congress to create an independent body, of which we have very little oversight, which performs this function.

    Now the treasury wants to expand Fed powers, but keep it independent. They are basically saying, 'Go on, keep chewing you cud you dumb oxes. We will take care of the problem. And by the way, open your wallets.'

    I say, 'No, TakeBackTheFed.com'.

    I do not think the congres sis a group of rocket scientists, nor necassarily any better than the Fed. But the congress can create oversight, open the Fed's books, and set more rules- like if investment banks want to borrow from the Fed, they need to open their books (The Fed is now in the investment banks, but I doubt congress has seen any of their books). The congress may take a look and put some entities into bankruptcy.

    The Fed caused this problem, and we are going to have to pay for it. Let's TakeBackTheFed.com , and solve it in the open, iontelligently, and modify the system as we go so we end up with a financial system that serves the economy rather than vice-versa.
    Apr 09 13:11 pm |Rating: 0 0 |Link to Comment |View article

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