i cant stand any of them , either—-but Kaptur questioned him and got no answers.

A German perspective ie problems with US lack of regulation and “reform”:

“...But any hopes that Washington would adopt a more modest role in response to the crisis and be more inclined under the newly elected President Obama to cooperate with the Europeans as equals have been dashed. The crisis has only made American capitalism redouble its efforts to solve its problems at the expense of the rest of the world….

...The incredible sums that the Obama administration has made available to stimulate Wall Street have destroyed any hopes of re-organizing the financial markets, while feeding fears of uncontrollable inflation, which would have devastating consequences for Germany’s export industries. It was this fear that Merkel articulated in her speech in Berlin.”

http://www.wsws.org/articles/2009/jun2009/pers-j06.shtml

Pouring money into the same structure, without a new paradigm, that admits the failure of the “free mkt”,will have brutal consequences for Third World countries, as well as the poor in more wealthy countries (or those with a wealthy elite, I should say)

Ask those South American countries that had milton friedman’s ‘unfettered privately owned’ economic system stuffed down their throats and the disasters it created in each and every country.

Now those countries are coming out of their dire economic straights because any thing to do with central banking, imf, world bank, counsel of foreign relations, trilateral commission and the fed are being shown the door, just as I think indoneasia may be doing, thus leaving the US almost the sole supporter of these ‘elitist’ private corporate money laundrying houses.

And until this country does like wise, it will only get worse and the whole thing will go bust which I am beginning to hope it does, like saudi arabia selling their oil in euros, china cashing in their treasury bonds or whatever, just so there will be nothing for these crooks to steal anymore since our government and law enforcement haven’t the balls to do their duty(because they are paid NOT do enforce the laws).

Traitors everywhere you turn.

Chairman Bernancke carefully avoided any questioning of the Fed’s new agreements with BlackRock, when questionied at a Hearing today in the HOuse.

His reply to Rep Kaptur’e questioning about democratizing the Fed, was , simply, “no”.

I think that it was Chancellor Merkel who was calling for regulation before we handed out a bunch of assets. Pres. Obama would have none of it, and, has made no moves towards regulating ,even today.