Relevant:
- Fed Should Survey Overall Financial System
- Fed's Hoenig Says U.S. Should Break Up Largest Financial Firms
- Money Out Of Thin Air: Bernanke Wants To Eliminate Reserve Requirements Completely?
- San Francisco Federal Reserve Employee Admits Fed is a Private Corporation
- The Federal Reserve System is not a strong advocate for consumers, and two, there is no Santa Claus
2011-03-10 — lewrockwell.com
``The phrase, "the independence of the Federal Reserve System," is a code phrase for "the independence of the four largest U.S. banks from the threat of losses." A growing number of voters has figured this out since the fall of 2008. This is why the Federal Reserve System is facing public criticism for the first time since 1914. This criticism will grow.''
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