....The Obama plan would give new powers to the Federal Reserve to oversee the entire financial system .......


WASHINGTON - President Barack Obama proposed sweeping new “rules of the road” for the nation’s financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression.......

http://www.msnbc.msn.com/id/31403945/ns/business-stocks_and_economy/

this is like a spit in the face to the many that want the federal reserve and there abuse stopped


why am i not surprised

I'm appalled, but not surprised. You don't get to be president without making a pact with the devil so to speak.

So, he's passing the buck now that he's done giving money away to those corporations???

He might as well make it official. The FED and Wall Street have run the WH for years. They probably wanted the big desk after he lied to us to get it, so he sold us out again in compromise so he could continue to hide behind it.

Bow to a foreign dictator, bow to the FED.....who next?

Seems I forgot he bowed to the CIA and the lawyers too already.....

i can tell you who he will not bow too

those that pay the taxes that he gets his salary from

all they get is told to shut up and wait and ask in the us and let others ask questions in town hall meeting in europe has he had a town hall meeting here since (not that i know of)

welcome to the reality of it all

yes the fed wants the desk so they can bend ""the people"" over it

I would like to hear any good reasons for this. I personally can't think of a single one

and because BHO said doesn't count

Oh, dear.... I just realized our prez's initials are.....
BO!!!

took me a while to catch on to the BHO

BHO....

Bend Him Over... He bows to anyone

Better Honor Opec

Because He's Opinionated

Bribed His Opposition

Betrayed His Office

Because Hussein Ordered (it)

Better Hide Or (else)

Burned His Original (birth certificate)

so... the banks run the fed and the fed regulates banks? so, we are essentially trusting the banks to oversee themselves?

Yeah it is a bit like

I asked this earlier...maybe with your knowledge you can think of anything...what would be good about doing this?

hey, I'm sure you guys know my beliefs about regulation in the first place, so truthfully, I think the banks self-regulating is a great thing. however, the fact they still control the money supply scares the hell out of me.

I guess none of the posters here were listening to his earlier speeches where he said this needs to be done to stop the root cause of the housing crisis again, huh?

So this is nothing new and nothing that needs to be feared.

It is needed so we do not have the same problem again with the greed that happened from deregulation.


Come on folks.

Set the hatred down long enough to see the real picture.

It was the banks and the fed that created the housing crisis and recession.

so how is this supposed to stop it?

so because obama says so, it's necessary? there's no hatred here, just the belief that obama is a flaming idiot for trying this. The fault of all of this can be rooted in two places: the banks and the consumer. The consumer should have been responsible, but the banks have the power to print money as the fed reserve banks are run by the banks in that district. That means, when they run out of capital, they can have more printed so they have more to loan. That is the root.

saying you should not question the government is the most ignorant thought imaginable.

Right and the stock brokers who were brokering these bundles of bad housing loans.

It has to be addressed so we do not have this happen again.

This is nothing new and it is not some big conspiracy to take over everything. It is not Obama doing anything wrong. It is what was needed.