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07/13/2009 06:31 PM ID: 79610 Permalink   

Obama Looks to Extend the Federal Reserve's Power


The Obama administration has detailed a series of proposals that will deepen the government's role in private markets. An 85-page report credits a "gap in regulation" which allowed companies to give faulty loans and overspend.

The proposals ask Congress to start allowing the government to dismantle large businesses that are in trouble. The proposals also ask that the Federal Reserve be given greater and "consistent" oversight over the largest financial firms.

Congress is holding a hearing on the proposals as soon as the 18th of July. Congress officials have reportedly said they hope to pass some version of plan by this years end. "Speed is important," Obama said in a CNBC interview.

    WebReporter: sour4d20 Show Calling Card      
ASSESS this news: BLOCK this news. Reason:
He is a bilderberg... or a robot! Even the black guy is down to take the big money bait of the Federal Reserve.... How much do you think they pay for politicians?
  by: sour4d20     07/13/2009 06:35 PM     
  Did I miss something?  
...rhetorical question.

But seriously - since when is the Federal Reserve part of the US government?

The source article really creates the impression that the Fed. Reserve is not a private organisation.

So Obama wants to give them more power and wants it done quickly.

I don't live in the US and have never been there, but from what I've read in the news over the last decades, the citizens of that country really haven't had any luck with the elected presidents - screwed no matter who you vote for.
  by: MouseJunkie     07/13/2009 06:43 PM     
  and what's happening with HR 1207?  
...reported here only a few hours earlier
  by: MouseJunkie     07/13/2009 06:52 PM     
HR1207 does not fit within the agenda as the Obama administration. HR 1207 is something that the people of the US want and need therefore it something the banking and elite establishments are opposed to.

It wouldnt matter if 99% of the US population got on board and mailed letters to their representatives to get it passed. Obama will veto it unless it gets 2/3's majority.

One thing I have discovered is that the executive branch of the US government works more against the people than it does for them. The same is true mostly for the senate side of the legislature as well. The house is not as bad but still has some anti-people elements nonetheless.
  by: slavefortheman     07/13/2009 07:05 PM     
UNITED WE STAND! NEVER EVER underestimate the power of people in small groups after all thats how countries are made and how tyrants fall!!!! WE MUST DEMAND FREEDOM! Like millions that have died before us we must stand our ground and demand LIBERTY OR DEATH! Thomas Jefferson once said that the soil of our country needs to be constantly fertilized with the blood of patriots and tyrants alike! We must make sacrifices! Devote some time to spread the word and ABOLISH THE FEDERAL RESERVE>>>> Write and flood their emails with HR 1207 support and write your senators about s.604..... I am from colorado and my reps just joined now I still write them and my senator MARK UDALL all the time.... its a matter of time before he breaks... Tell those bastards they work for us and no BIG COMPANIES AND BIG BANKS!!!!!!! OBAMA IS MORE OF THE SAME AND A LOT LESS OF CHANGE!!!!!! DON'T TRUST THE LEADERS, Be FAITHFUL TO UR BRETHEN!
  by: sour4d20     07/13/2009 07:16 PM     
  There is no better time or reason for a revolution  
sour, slave, I am sure you guys agree with me. I think it's time we started acting like the founding fathers and began to make sacrifices. I'm going to be honest and say I really wouldn't know the first step to planting the seed, but I will do my part to make sure it grows! Let's start tossing some options at the wall and see which ones stick.
  by: Mr. Wright     07/13/2009 08:03 PM     
  Albert Einstein  
We can't solve problems by using the same kind of thinking we used when we created them.
  by: Vhan     07/13/2009 10:17 PM     
  @Mr. Wright  
Read Guerrilla Warfare by Che Guevara.
  by: slavefortheman     07/13/2009 10:52 PM     
  @Slave and mr wright.  
More important than a thousand hollow words, is a few words that bring peace.- said buddha. We need to start getting people excited to read about politicians and to criticize them more.
  by: sour4d20     07/14/2009 12:41 AM     
  I have a feeling...  
we're going to need to get enough votes to override a veto and if we do, I don't know how the administration will react. I would just like to hear Obama's excuse when he does veto it, it'll be interesting. How do you explain to the entire country that they don't need to know where all this money is being funneled to? Like Alex Jones always says, "The answer to 1984 is 1776!".
  by: groovedaddy   07/14/2009 02:20 AM     
This makes me so happy reading these comments. I voted for Obama (gave him the benefit of the doubt) and I regret it every day now. These guys are so good at being evil its sickening...but, it makes me so proud people out there actually can see through all the crap and know whats going on. And it doesn't have to be about left and right. That's change I can believe in right there.
  by: DoubleTake   07/14/2009 05:21 AM     

Excellent post. I am glad to see there are others who think like me. Seems more and more are everyday. Maybe one day we will take our country back.

There are Two Bills that could stop this or at least put a cap on it.
HR 1207 and S 604
It is my understanding there are both Dems and Rep ,Conservatives and libs supporting this. That is a wide gap.

I don't know whether President Obama is good or bad for this country yet but without a doubt giving the feds even more power is out right crazy. It doesn't take a Dem or Rep to figure this out, just common sense.
Who is watching the store? Our Inspector General Elizabeth Coleman has no clue where and what trillions are being spent on. What makes the matter worse is she does not have the power to find out. Don't you think something is seriously wrong when the feds issue a WARNING to OUR ELECTED GOVERNMENT to stop meddling or else.

Does anyone know what year it was that we the people gave this private group of Bankers more power then our President?
My question about the FR would have to be,If nothing is wrong and they have nothing to hide,what the hell are they worried about an audit for? Why would they be worried about our elected reps knowing and telling us what is going on? Wouldn't our job market and economy start repairing itself if we knew what way we are heading? Surely the fed is acting in our best interest right?
I can't put my finger on why, but I feel we and everything we know is being sold out.

President Obama wants to give them even more power! Can someone please give me some insight on how this is a good thing. If I am missing something I would really like to know.

I urge you to take a minute of your time and support those bills. It shouldn't matter what party your for or whoever you voted for, take a minute and invest in yourself and your family. We have a right to know what's going on. It's our money and our families lives who are on the line. Time to put our part time employee's to work and do something about what is going on instead of bitching and whining about what Bush did and how Obama is better. Neither party gives a rats ass about us.

Below is a link to support those bills. If you don't know what they are read about them.

SORRY FOR THE RANT. But I am 55 years old and I'm watching everything I worked for go down the drain.
  by: Hotwired   07/14/2009 08:25 AM     
  by: sour4d20     07/14/2009 08:59 PM     
Peaceful revolution is impossible due to how campaigns are funded, how lobbyists are currently used. Lobbyists can be good but I really don't see a lobby for the people do you?

The media has failed it's people, sold to the highest bidder decades ago.
  by: Trevelyan   07/15/2009 07:28 PM     
  not being funny...  
but i said obama was a fraud / puppet (just like all the rest pretty much) before he was even president and many of you laughed at me with comments like "tin foil hat" and the like.

Its nice to know (although maybe to late) people on this site are starting to wake up and joining myself, slave, HAVOC and a few others in the "real world" as opposed to the movie we are meant to believe.

We the people have the power. We the people ARE the power. Without the people, the illumanti has no power!
  by: M4CRO_   07/16/2009 12:01 AM     
For those who missed it, or simply chosed to ignore / not believe it, please check this out regarding Obama.
  by: M4CRO_   07/16/2009 12:04 AM     
I think you posted this before.

Just as good the 2nd time around though!
  by: DoubleTake   07/16/2009 05:54 PM     
  All I have to say..  
is watch "The Obama Deception" on Youtube. And actually, I am not some non-liking Obama person, I just think it's interesting to hear all sides first.
  by: rutgers   07/16/2009 06:34 PM     
  Obama's a illumanti  
I have seen angels and demons I know what the catholic church and Obama are doing!
  by: sour4d20     07/16/2009 09:53 PM     
  All I have to say..  
is watch "The Obama Deception" on Youtube. And actually, I am not some non-liking Obama person, I just think it's interesting to hear all sides first.
  by: rutgers   07/18/2009 03:03 AM     
  What this country needs  
Is a good five cent nickel.
  by: White Albino   07/18/2009 11:58 PM     
When did ShortNews become such a cesspool of crackpot conspiracy theories? I've never seen it like this here.
  by: Ben_Reilly     07/19/2009 12:13 AM     
  People likes get sumthing str8  
a conspiracy is a:

noun, plural -cies.
1. the act of conspiring.
2. an evil, unlawful, treacherous, or surreptitious plan formulated in secret by two or more persons; plot.
3. a combination of persons for a secret, unlawful, or evil purpose: He joined the conspiracy to overthrow the government.
4. Law. an agreement by two or more persons to commit a crime, fraud, or other wrongful act.
5. any concurrence in action; combination in bringing about a given result.

That being said. Look at our leaders making evil decisions of WAR and Redistribution of power and wealth(bailouts). Our leaders have been ruling us with fear so am i wrong to cry conspiracy aganist the ruling leaders that promise and don't deliver?!? I've read the history books.... If you do not follow history and even current events your doomed to follow down dire roads.
  by: sour4d20     07/19/2009 12:32 AM     
  @ the nut job that posted before me  
Our government, our military, our media, and our entertainment all keep secrets from us for their own personal gain.... they are human and there is little difference between man and animals.... We all fend for ourselves and sometimes humans with our larger view of the world sumtimes get extremely greedy....."Money is the root of all evil"
  by: sour4d20     07/19/2009 12:34 AM     
You're going to do a lot better than "nut job" to hurt my feelings -- I've been called far, far worse, my friend.

If you have a legitimate complaint, fine -- in fact, wonderful -- but don't debase it or make it sound nutty by wrapping it up in plots involving the Bilderberg group or the Trilateral Commission or whatever. The economy is doing poorly, and what has been done thus far to fix it hasn't helped much, but that's not because of David Icke's lizard-men or because of the New World Order. That's all I meant.
  by: Ben_Reilly     07/19/2009 02:20 AM     
I hope for all our sake, you're right. But don't tell me you don't have an ounce of lingering question in your mind.
  by: DoubleTake   07/19/2009 04:05 AM     
No, I don't have an ounce of question in my mind as to whether Obama is part of some secret society hell-bent on global domination; I'm quite sure he's not. Please see my "Conspiracy Theory" rant in the forums if you want to know more about why I believe conspiracy theories to be absolute hogwash.
  by: Ben_Reilly     07/19/2009 06:37 AM     
  @double take  
Hey man you called my conspiracy theories "crackpot ideas". but look at the world things never get better but we are at new heights of technology....

Everyone in this country and even the world could be fed and housed and even educated if our Leaders out their heads out of their asses.... Good Logic, man! Don't you see the empty promises and how they make us fear something then install new laws that make it easier for them to steal!!!!

You are crazy for not questioning your government... What about the secret meeting(w. hilary) before he got elected.

I only hope that we can continually move forward. I hope I am wrong about Obama I really do... But from the looks of it he is just another politicain cashing in on his expensive education and fancy awards....

We all need to question and debate and demand more! Why is it the american people take everything for granted? Because we are in the MATRIX we are plugged into a 24/7 a week false reality. Advertisements and corporations runnning wild.... We have no GOD! We worship false idols and even tell our children to worship false idols.... (barney,telltubies, etc,etc) There is no reality anymore!

We are consumer babies... I have friends that can't even cook a meal or name 3 native plant species or bird or any species for that matter.... but they can explain in full detail ad's that they saw on tv or billboards.....

They have dumbed us all down.... and made a false reality that we all readily accept because they programed us to think they are the all mighty "big brother" that will take care of us from cradle to grave... and dictate everything we do in between....

its time to WAKE UP!

Just WAKE UP to the world around you!

The government has lied a thousand times over in the past.....

Jesus said beware of the wovlves in sheeps clothing!
  by: sour4d20     07/19/2009 10:27 AM     
I think you ment to direct the comment at Ben_Reilly, I mostly agree with I've directed my energy towards your thread Ben_reilly so we can stop hijacking this article.
  by: DoubleTake   07/19/2009 08:07 PM     
  LOL @ 2take  
true... my bad... I get excited...

2 many idiots in this world.... 2 many people not questioning and just accepting.
  by: sour4d20     07/20/2009 05:59 AM     
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