Well, yeah, BUT...
As I've stated elsewhere, I wish we could get Cain to speak to the whole question of the Federal Reserve. I'd like to know exactly what his role was at the KC Fed.
Yes, I know some have said it was merely advisory. Perhaps. But I wonder why Herman hasn't said a word about it.
I'm not rejecting Cain outright because of his association with the Fed. For all I know it could be a plus, if he understands its importance. And when The Bernank was dangling QE3 out there, I wish Cain had said, "Don't even consider it". Hell, even Boehner did that.
Isn't it amazing that, apart from RuPaul (who only mentions it in passing), the subject of the Fed is never mentioned.
I know what Perry and Romney think of the Fed. Establishment all the way.
I'd like to hear Herman address the question.
Still, in all, Perry and Romney are unacceptable.
C'mon, Herman step up to the plate...
Glenn Beck interviews Herman Cain
All you have to do is take a minute and look up the structure of the Federal Reserve Banks. Unfortunately, some have made the issue so blanket that anything with the word Fed is damned. The regional banks, like Cain was President of, have nothing to do with monetary policy, currency valuation, or any of that Jekyll Island stuff. That is the Board of Governors in DC. The regional Federal Reserve banks serve a legitimate and legal function. Their role is to help banks clear checks, help banks move currency between themselves, and ensure banks meet compliance standards. The regional banks are an important part of our system and have nothing to do with the things we damn the 'Fed' for.
It is almost akin to saying if he was CEO of FedEx he should account for it because "Fed" is in the name or he should account for mob ties because he was CEO of "Godfather's" Pizza.