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.
I guess my main point, the one I've been making for a while, is this: I want someone besides RuPaul (who I don't take seriously at all) to make a statement concerning the Fed.
Can you imagine the firestorm of support that Cain would engender if he put it to Perry and Romney, something like, "What do you guys say about this? Do you even understand it? I do..."
Look, I want to like Cain. At this point I'm revolted by Perry and Romney, horrified at the thought of Christie, mystified by Palin, disappointed in Bachman. Cain could leave Perry and Romney speechless, and really solidify his position with a bold move.
But it always makes me wonder, is this something you just don't talk about or, somehow, someway, you're finished in this kind of game?
If that's the case, then maybe we're all fools and none of it matters...
OT, somebody at The American Thinker said it best: RuPaul is so right about so many things, but when it comes to defense and foreign policy, its like somebody slipped him a dose of acid. Weird...