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(ABC News) Scary Federal Reserve to be named Top Cop in policing all "too big to fail firms." Tin foil hat sales soar   (abcnews.go.com) divider line 31
More: Scary  
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476 clicks; posted to Politics » on 09 May 2009 at 7:04 AM   |  Make this a Fark FavoriteFavorite    |   share: Share on OMGTWITTER WEB2.0share on StumbleUponshare on Facebook  more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!

31 Comments   (+0 »)


Fark.com's  Political Inclination Thermometric Analyzer:
Neutral 3.03% Fascist
Archived thread
 
Cosmic_Music [TotalFark] 2009-05-09 05:48:40 AM  
www.adultlingerietoys.co.uk

When big is too big, try Federal Reserve brand protection. Guaranteed to slide smoothly into your ass when The Man bends you over and buttfarks your economy.

 
Occam's Chainsaw [TotalFark] 2009-05-09 06:52:50 AM  
Simplest solution: break up companies that are too big to fail.
Washington solution: add another layer of bureaucracy.

 
jonnyh 2009-05-09 07:26:04 AM  
Occam's Chainsaw: Simplest solution: break up companies that are too big to fail.
Washington solution: add another layer of bureaucracy.


Agreed. Too Big To Fail=Too Big To Exist.

 
Spass_Taschen 2009-05-09 08:19:37 AM  
Like the others have said: too big to fail,too big to exist. Any company that is deemed to big to fail and needs bailout funds will be broken up at some point in the future.

Not too big to fail (I'm looking at YOU newspapers (even though I'll miss you)), buh-bye.

 
WALMART.saves 2009-05-09 08:27:52 AM  
Well, at least the government won't have to police them now.

 
PC LOAD LETTER [TotalFark] 2009-05-09 08:54:26 AM  
Now imagine if we never broke up Bell Telephone and Standard Oil

 
Apik0r0s 2009-05-09 09:33:22 AM  
Fox.

Henhouse.

WTF.

 
MindStalker 2009-05-09 09:41:08 AM  
PC LOAD LETTER: Now imagine if we never broke up Bell Telephone and Standard Oil

To be fair the pieces of Bell and Oil are obnoxiously large now..

 
Therion [TotalFark] 2009-05-09 09:49:59 AM  
www.deadlinehollywooddaily.com

 
HowlingFrog [TotalFark] 2009-05-09 10:30:29 AM  
Anybody remember that Ron Paul guy?

 
rogue49 2009-05-09 10:32:07 AM  
Hey, someone has to do it, since no one else is.
And the Fed has the status.

/about farkin' time

 
globalwarmingpraiser [TotalFark] 2009-05-09 10:34:46 AM  
HowlingFrog: Anybody remember that Ron Paul guy?

Got to admit, he is sounding smarter and smarter isn't he.

 
PizzaJedi81 2009-05-09 10:43:11 AM  
HowlingFrog: Anybody remember that Ron Paul guy?

Sorry, I'm not familiar with Ron Paul...

RON PAUL
, on the other hand...

 
HowlingFrog [TotalFark] 2009-05-09 10:47:23 AM  
Woodrow Wilson, who signed the Federal Reserve Act, later expressed regret, saying: "I have unwittingly ruined my country."

 
TheRaven7 2009-05-09 11:01:35 AM  
OMFG FEDERAL RESURVE! BILDERBURG GROUP! ITS A CONSPIRACY TO MAKE NAFTA MORE NAFTA-EY.

 
almandot 2009-05-09 11:39:54 AM  
i28.photobucket.com

/hot like an american apple pie

 
religion=ignorance 2009-05-09 12:32:01 PM  
Go shove your head a little farther up your ass TheRaven7.

 
godofusa.com 2009-05-09 12:50:40 PM  
No such thing as "too big to fail".

 
NewportBarGuy [TotalFark] 2009-05-09 02:22:20 PM  
godofusa.com: No such thing as "too big to fail".

God, you are a dumbass. Seriously.

 
TheRaven7 2009-05-09 02:33:30 PM  
religion=ignorance: Go shove your head a little farther up your ass TheRaven7.

Says the guy with one of the most passive-aggressive usernames here.

 
mesohorny 2009-05-09 03:07:50 PM  
HowlingFrog: Woodrow Wilson, who signed the Federal Reserve Act, later expressed regret, saying: "I have unwittingly ruined my country."

Just think when we get to Zimbabwe type inflation we will get to use these.
upload.wikimedia.org

 
HowlingFrog [TotalFark] 2009-05-09 03:12:45 PM  
mesohorny: Just think when we get to Zimbabwe type inflation we will get to use these.

I, for one, would like to welcome our new caste of working class millionaires.

 
godofusa.com 2009-05-09 03:32:23 PM  
NewportBarGuy: godofusa.com: No such thing as "too big to fail".

God, you are a dumbass. Seriously.


Get AIDS.

 
Mistah Scrotie 2009-05-09 04:57:05 PM  
globalwarmingpraiser: HowlingFrog: Anybody remember that Ron Paul guy?

Got to admit, he is sounding smarter and smarter isn't he.


Yeah, we'd be doing just peachy if we also had to deal with the massive deflation that would be a product of switching back to a gold standard

 
erik-k [recently expired TotalFark] 2009-05-09 05:38:41 PM  
jonnyh: Too Big To Fail=Too Big To Exist.

This, this, this, a thousand times shouted from the rooftops THIS!

 
mfaby 2009-05-09 06:34:56 PM  
I am a free market/capitalist kinda guy but
'too big to fail' is too big.


And Microsoft is a monopoly, whether Gates wants to admit it or not.

 
Satyagraha 2009-05-09 07:31:25 PM  
Link (Fed Board Members)

Obama should ask for the immediate resignation of each of the Federal Reserve Board officers.

Study each one of the overlords of the FED...

"...Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He was appointed as a member of the Board to a full 14-year term, which expires January 31, 2020,..."

"Donald L. Kohn originally took office on August 5, 2002, as a member of the Board of Governors of the Federal Reserve System for a full term ending January 31, 2016>.Dr. Kohn is a veteran of the Federal Reserve System. Before becoming a member of the Board, he served on its staff as Adviser to the Board for Monetary Policy (2001-02), Secretary of the Federal Open Market Committee (1987-2002), Director of the Division of Monetary Affairs (1987-2001), and Deputy Staff Director for Monetary and Financial Policy (1983-87). He also held several positions in the Board's Division of Research and Statistics: Associate Director (1981-83), Chief of Capital Markets (1978-81), and Economist (1975-78). Dr. Kohn began his career as a Financial Economist at the Federal Reserve Bank of Kansas City (1970-75)." (Obviously he's part of the problem not the solution)


Kevin M. Warsh took office on February 24, 2006, to fill an unexpired term ending January 31, 2018.Prior to his appointment to the Board, Mr. Warsh served as Special Assistant to the President for Economic Policy and as Executive Secretary of the National Economic Council from 2002 until February 2006. His primary areas of responsibility included domestic finance, banking and securities regulatory policy, and consumer protection. He advised the President and senior administration officials on issues related to the U.S. economy, capital markets, securities, banking, and insurance issues. From 1995 to 2002, Mr. Warsh was a member of the Mergers & Acquisitions Department of Morgan Stanley & Co.(Heck of a job Warshi)


Elizabeth A. Duke took office on August 5, 2008, to fill an unexpired term ending January 31, 2012. Executive Vice President at Wachovia Bank,member of the Fannie Mae National Advisory Council.President and Chief Executive Officer of Bank of Tidewater (those names don't sound familiar to anyone do they?)

"Daniel K. Tarullo took office on January 28, 2009, to fill an unexpired term ending January 31, 2022.A senior fellow at the Council on Foreign Relations. Served as a principal on both the National Economic Council and the National Security Council."

This the bankers overseeing the bankers. The

 
trifoldhat 2009-05-09 08:04:48 PM  
I don't see how running a bank with a printing press at it's disposal can end well.

 
acchief 2009-05-09 08:55:42 PM  
So soon? Man I thought it would take years living under this Obomination before we'd be looking back on the Bush years wistfully.

 
sarcastrophe 2009-05-09 09:19:16 PM  
So the definition of "too big to fail" will be decided in backroom deals where the federal government is completely unable to audit and or oversee the proceedings. Furthermore, the government will most likely have no say over the final decision of the fed. So, one of the few things the federal government should actually be doing and requires massive oversight from the public, the media, the legislature, and the judicial is offloaded to a secret organisation of bankers.

Yep. That sounds about right.

 
iawai 2009-05-10 10:16:46 PM  
I love when the "we're raping you in the ass" political/financial news is released Friday night/Saturday morning.

Can't let people actually see, discuss, or contemplate what is actually happening to the value of the cash they have to use.

 
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