Thursday, October 20, 2011

Control the Rules and You Can Control the Game

"The rules, which the Fed has kept secret, let directors tied to banks participate in decisions involving how much interest to charge financial institutions and how much credit to provide healthy banks and institutions in "hazardous" condition."

Wow, and stupid me thought the reason my savings don't earn dick was because we had no inflation in the good ole U.S. of A.  I must be the most stupid person on the face of the planet.

"The most powerful entity in the United States is riddled with conflicts of interest," Sen. Bernie Sanders (from the "No Shit, Sherlock?" file)

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