It's here - finally. Congress is not going to do anything substantial enough to challenge the authority of the Federal Reserve although they constitiounally have the right to do so. The Congress has neither the spine nor the gumption to exercise this authority that the Constitution gives them. Let me be clear ... I dont support no damn tea baggers! What i do support is transparency ..The Big banks deserve to fail if they screw things up ...that's what you would do in Las Vegas ...and the big boys played this like Vegas ....and they lost. It is not rocket science to conclude that that they deserve to be eliminated if they played the wrong cards, they should be off the map ..that folks is capitalism at it's best!! NO bloody bailouts ... !! that's what would happen to you as a business.
From chron.com :Fed loses court ruling on loan confidentiality
From Bloomberg: Federal Reserve Must Disclose Bank Bailout Records (Update5)
Saturday, March 20, 2010
Federal Reserve under fire - will the Supreme Court uphold the decision
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