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2009-03-23 — rollingstone.com
When one considers the comparatively extensive system of congressional checks and balances that goes into the spending of every dollar in the budget via the normal appropriations process, what's happening in the Fed amounts to something truly revolutionary — a kind of shadow government with a budget many times the size of the normal federal outlay, administered dictatorially by one man, Fed chairman Ben Bernanke. "We spend hours and hours and hours arguing over $10 million amendments on the floor of the Senate, but there has been no discussion about who has been receiving this $3 trillion," says Sen. Bernie Sanders. "It is beyond comprehension."
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Comments:
ddtuttle at 01:48 2009-03-25 said:
MUST READ! Astonishing account of the destruction of our entire economic system by AIG and Goldman. Far from being contrite, these financial cognicenti are executing a power grab that allows them continue their rape unencumbered. The USA is in serious jeopardy, if not simply gone. Permalinktvsterling at 08:05 2009-03-25 said:
This article is really bittersweet. If it's true (and it makes sense to me ) we can kiss everything goodbye. Think The Doors song, 'The End'. 'Strange Days' would also be appropriate. This can't be fixed within the constitution as now written. Permalinkadd a comment | go to forum thread
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