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To: evandi
“You’re under the mistaken impression that Bernanke and his buddies at the Fed get to keep the Fed’s earnings every year.”

Nope.

Then why do you think the Fed "only care about what they can gain directly for themselves"

They don’t have to reveal their monetary policy or open market operations.

What do you want to know about monetary policy or open market operations that isn't available?

They don’t have to reveal information about deals with international organizations or foreign governments.

Ditto.

154 posted on 09/26/2009 7:56:00 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

“Then why do you think the Fed only care about what they can gain directly for themselves”

Because I think they can mess with the market to lead to results that benefit them.

“What do you want to know about monetary policy or open market operations that isn’t available?”

Nothing about monetary policy or market operations is available. I want the people who audit them to be able to look at that.

“Ditto.”

I meant that that is how things are now. Why do you want them to not have to reveal what they do and why they do it?

Thats absolutely crazy. Give a bunch of unaccountable people a bunch of ridiculous power and then say we can’t look into it? Absolutely farking crazy.


159 posted on 09/26/2009 8:26:31 PM PDT by evandi
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