PLUNGE PROTECTION TEAM COMES OUT OF THE CLOSET.

[chimper]

White House to Seek New Fed Power to Keep Markets Stable.

The Bush administration plans to propose broad new authority
for the Federal Reserve to oversee market stability, possibly
exposing Wall Street firms to greater scrutiny, but avoiding
a call for tighter regulation.


http://www.nytimes.com/2008/03/29/business/29regulate.html?_r=1&hp&oref=slogin

[0007]

1. I smell a dead possum!

[lib2DaBone]

8. Dead Possum with a Red Herring for good luck

You hit it on the head 007! This coming Monday will be the most important day in the history of our country. This has nothing to do with "Oversight" or "Regulation". This is a COMPLETE TAKEOVER of our government by a foreign entity. (The Federal Reserve) Heres a video that explains the basics for those new to the scam...http://www.bigeye.com/griffin.htm

[SparkyMac]

11. Dead possum -- live Republican -- a rose by any other name ....n/t

[billybob537]

2. Expect new scam to exploit stock holders.

[JDPriestly]

3. This cannot be allowed to happen.

The Fed does not answer to the people. It is not a government institution. It is not a constitutional entity. No, no, no, no, no, no, no. This would be the absolutely end of what is left of our democratic government. Greenspan is to a great extent responsible for the disastrous economic crisis that is now just beginning. The Fed has far too much power already.

[shain from kane]

4. Welcome to the grave of capitalism. I don't recognize it anymore. Greed finally did them in.

[BadgerKid]

5. Here, we'll solve this crisis for you

Yet the government wants "more study" before reacting to global warming. :crazy:

How nice that they can pick and choose. :eyes:

[Elidor]

6. Only two kinds of ideas come out of this white house:

Bad and Worse.

[PA Democrat]

7. They can "scrutinize" all they want, but without REGULATION these guys will continue in their greedy

and irresponsible ways. Especially if they know the Fed will be their to bail their asses out when they screw up.

[chimper]

9. Don't worry, it will get worse before it gets even worse.

.

[TheWatcher]

10. Wonderful! Big Money and their bobbles and trinkets will be saved!

While the rest of us get thrown under the bus!

You can't get better news than this!

Oh Wait.....

[sendero]

12. As usual....

.. count on the Bush administration to create a crisis through malfeasance or benign neglect, and then move to use it as an excuse to do something pernicious.

It astounds me that Americans put up with this shit.