I love Herman Cain. I guess I do not understand The Fed as much as I should.
I know the fed is a problem but I would think it is more a bernanke issue than a cain issue? No?
I guess I might have to seen start supporting Bachmann. Every candidate that I seem to like has major baggage.
I think you have the info re this subject.
Nothing wrong with Cain having worked for the federal reserve. Lots of people have worked for the federal reserve.
Personally I like Bachmann but have no trouble supporting Cain. Neither is perfect but neither is named Jesus either.
He was not the Chairman of the Federal Reserve. He was the Board Chair of one of the Fed’s District Banks, a position that has zero role in the setting of monetary policy.
He was not a fed chairman. I believe he was president of one of the regional banks. Not nearly the same thing.
“Every candidate that I seem to like has major baggage.”
Reagan was a Hollywood actor that as Gov signed no fault divorcee and an abortion bill.
As RUSH said today- “Not even Reagan was perfect”.
Herman Cain does have experience in the private sector, but a good portion of that private sector experience is working for the private corporation-The Federal Reserve.
Good. In fact, excellent! He knows what goes on there. We don't. It's nice to have him on our side, because they won't be able to pull the wool over his eyes - or ours!
I do think he quit the reserve because he did not see eye to eye with the rest of the board.
You need to read the thread on here about not writing about things you don’t know about.
He was not on the Board of Goveners and was not involved in setting monetary policy. The Federal Reserve Banks provide financial services to depository institutions including banks, credit unions, and savings and loans, much like those that banks provide for their customers. These services include collecting checks, electronically transferring funds and distributing and receiving cash and coin.
SO SCARY! BOOOO!
BTW you can support more than one candidate. I do.
Personally I think a combination of Cain’s 9-9-9 plan with Bachmann’s spending cuts would be a real winner.
http://www.michelebachmann.com/issues/americanjobsrightnow/
The Federal Reserve Bank of Kansas City is not the same as the Fed.
Frankly, though, even if he’d worked for the Fed, I’d say that’s good experience, not a liability.
The Federal Reserve is a cartel of private banks. Read The Creature From Jekyll Island. It lays out how the system works. What you need to know is that if a group controls the money, they control the government.
Or
Watch the first if these 12 videos. It will take about 90 minutes, but it is worth your time to understand our money.
http://www.youtube.com/watch?v=7auQEXTWomA&feature=youtube_gdata_player
The author of the article is clueless about the difference between the the Chairman of the Federal Reserve (which Cain was not) and a Chairman of a regional bank (which he was). The difference is as great as the difference between the Federal Reserve and Fed Ex.
“You cannot even step foot on the property of the Private Reserve.”
Says who? I’ve been in Federal Reserve facilities a number of times. They do have the strictest security I’ve encountered, but they are also some of the nicest security people I’ve dealt with.
According to wikipedia “Cain a former deputy chairman (1992–94) and chairman (1995–96) of the board of directors of the Federal Reserve Bank of Kansas City.”
He was a chairman of the board of directors in kansas city.
I am not terrified of The Fed. But I did like Gingrich’s pov tonight. If they are part of the problem then we need to remove it. Right?
Why post a hit piece with almost no relation to reality?
/a Palinista who supports any GOP candidate but Romney (and Paul, but he’s irrelevant)
I wonder if Herman Cain supports regular external audits of the Fed? That would tell you something right there.
“Herman Cain is a former Federal Reserver Chairman and is too damaged to be Our Nominee.”
Right. I would much rather vote for obama. /s
He has been in the belly of the beast. He knows what the issues are.
What nonsense.
The people that wrote this obviously have no understanding of the Federal Reserve.
Yes, there are huge problems with the Fed and what they’re doing to our currency and economy.
But Cain was never part of the cabal inside the Fed that is the root of the problem. The NY Fed is the real problem here, and the guy who is the most recent problem child of the NY Fed is currently the US Treasury Secretary.
The other problem is the academic who is currently the Chairman of the Fed, Ben Bernanke.
According to what I just heard Cain say, much of this post is not correct.
Where did you dig up this freelance bozo? What made you give him credibility?