Obama to urge financial overhaul - Instablogs
Obama to urge financial overhaul
Chad , Tempe: Sep 14 2009
Made Popular Sep 14 2009
United States :
US President Barack Obama is poised to call on Congress to approve an overhaul of the US regulatory regime. In a speech to mark one year since the collapse of Lehman Brothers bank, he will also mount a vigorous defence of his administration’s...
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Tags: US, Financial crisis, Obama
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Fred
1 Stars
Fred Sep 14 2009
Corvallis, United States
This is an outrage. It was the manipulative measures of the central banks that caused all this crisis, and not Obama wants to reward them by giving them more regulatory powers?

Abolish the Fed altogether and have Congress do their Constitutional duty and take responsibility for coining currency. Repeal the IRS and stop the unconstitutional taxation of wages. Return apportioned taxation to the states, and use the communications technology currently available for virtual sessions of the legislature. Reducing the waste of government alone will do more to boost the economy than more regulations will.

The time is long overdue for us to replace the fox guarding the hen house.

HR1107 - Audit the Fed is a good place to start. Perhaps once the truth is known to the citizens, they too will see the logic in abolishing the Federal Reserve.
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