source is a lefty blog
The Federal Reserve is banks. Several of them. Some from across the ocean. This is nothing new. This is the way President Wilson set it up.
Let the banks fail. ELIMINATE the FED. Throwing selective life-preservers to countries, banks (domestic & international), corporations, From an UNaccountable, UNaudited, working-outside-their-charter bureaucracy is not the answer.
DEFUND SOCIALIST collectives, foreign and domestic.
First, keeping the banking system from collapse does save jobs.
Second, while Tarp was about saving the banks, Quantitative Easing was about keeping interest rates low and that's about jobs, not banks.
And, this is a surprise to whom??
I’m more concerned about transparency than class warfare.
But, it’s obvious some get more transparency than others.
Not too wholesome for a truly competitive society.
I like a simple principle: if something can’t stand the light of day, it’s not worth doing.
Good luck with a barter system once all the banks fail. Without banks there is no money and no economy.