Fed Watch

BBC reports today that US Treasury Secretary Paulson has developed a plan that would ease economic woes. This plan would, "give sweeping powers to the Federal Reserve - enabling it to tackle the kind of turmoil that is currently hitting financial markets," as reported by BBC.

"The Fed would become 'market stability regulator' - allowing it to examine the books of any financial institution deemed to potentially threaten the stability of the financial system."

Which means these reforms would give an insulated financial institution governmental control, further blurring the line between government and the elite bank/corps.

"The review into the sector began early in 2007 after the financial services industry complained that over-regulation from Washington meant US firms were not as globally competitive as they could be."

Banks are trying to hijack the government.