Treasury Secretary Unveils Plan to Overhaul Financial System
The Bush Administration is proposing one of the most comprehensive changes in the way government regulates the U.S. financial systems, giving the Federal Reserve broader powers and combining several existing regulatory agencies.
In a speech Monday, Treasury Secretary Henry Paulson unveiled a plan that would put the Fed--which has taken an expanded role in providing liquidity in the market during the problems with subprime mortgages and the collapse of Bear Stearns (BSC: 10.52, -0.26, -2.41%)--in charge of ‚Äúoverall issues of financial market stability."
The plan would merge several existing agencies. For instance, the Commodity Futures Trading Commission, which regulates the commodities market (and, by default, has regulation authority over many hedge funds that trade in commodities), would be merged into the Securities and Exchange Commission, which regulates the stock and bond markets....
Back in 1999/2000, I worked as a Price-Reporter for The Chicago Board of Options Exchange; which is regulated by the Securities & Exchange Commission.
I am NOT ignorant as to where America's Financial Future is Heading.
It's Heading to HELL !
All this "Overhaul" in The U.S.A.'s Financial System [which is A CORRUPT-EVIL-CONTROLLED Centralized-Banking-System of The Political-Priests of Mammon (The'FED'): who are PAWNS of the International/Satanic-Vatican-Bank/"Bankers", Financiers, Money-Changers & "Jesuits" ala The Satanic-Vatican/"Jesuit" Bank of America & Etc.] is NOTHING MORE than a Concerted/Coordinated/Conspiracy to CONTROL ALL THE PRIVATE REAL ESTATE (HOUSES & HOMES) of The CITIZENS of The U.S.A. !
When the "FED" was created in 1913; America's Financial Soverignty DIED !
The "Federal Reserve System/Bank/Board" has Already RAPED America of Her Precious Assets in GOLD, SILVER & COPPER; and will NOT be satisfied until they have GANG-RAPED Her of Her Citizens' REAL-ESTATE, HOUSES & HOMES !
President ANDREW JACKSON foresaw ALL THIS during the INFANCY of AMERICA; & DAMNED ANY FORM of A CENTRALIZED BANKING SYSTEM in AMERICA While President of The U.S.A. !
Satanic-Vaticanist/New-World-(Dis)Orderer ALEXANDER HAMILTON Favored A CENTRALIZED BANKING SYSTEM: