Clay Mara (clay@claymarafiote.com) has sent you a news article.
(Email address has not been verified.)
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Personal message:
Hi Traders,
This doesn't exactly give me warm fuzzies:
"At the same time, the Fed is transferring many of its consumer protection responsibilities to a new watchdog agency created by the law. The Bureau of Consumer Financial Protection is housed within the Fed and bankrolled by the Fed, but Bernanke has no authority over it."
I've learned that whenever legislation is couched as something good for the general consensus, BEWARE. Also notice, this new "Bureau" is housed within a private bank, The Federal Reserve.
It's time this country woke-up and the general population took it's collective head out of sand (and I'm being polite here).
Comments welcome.
Cheers,
Clay
Bernanke: Fed, others working on overhaul rules - Yahoo! News
http://news.yahoo.com/s/ap/20100930/ap_on_bi_ge/us_financial_overhaul
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Yahoo! News
http://news.yahoo.com/
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