Facts About the Federal Reserve



2 thoughts on “Facts About the Federal Reserve

  1. Obamas and George Ws good friends.

    Posted by ScottandHope Comer | August 18, 2011, 4:15 pm
  2. I would caution against the use of the word “facts” in your title when you cite Glenn Beck. For example, the Fed is a government institution, though it has some private sections and a lot of independence (by design). To say, as Beck does, that it has “nothing to do with the federal government” is entirely false.

    For example: “The entire system is controlled by the Board of Governors. The Board of Governors is a 100% government agency. Each member of the Board is appointed by the President and approved by the Senate. Board members are not allowed to be officers, directors, or employees of any bank, banking institution, or trust company. In fact, Board members are typically economics professors or at least hold doctorates in economics.”

    There are lots of good reasons to question the Fed and the way it operates, but if we want to argue reasonably for change, we should start with facts, and not some false “truth” concocted by Beck.

    Posted by Michael Charney (@BeckIsALib) | August 30, 2011, 4:47 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

  • 26,507 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 117 other followers

Contact Email



Twitter Updates

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

%d bloggers like this: