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Chairman Edolphus “Ed” Towns (D-NY) today released the following statement ahead of issuing a subpoena to the Federal Reserve Bank of New York (FRBNY) for documents related to AIG counterparty payments (counterparties). “To help the Committee’s investigation of payments made by AIG to its counterparties, I am issuing a subpoena today to the Federal [...] /object> Clearly Grayson has this story cold. Equally as clearly, Barney Frank is a liar who never supported a true audit the Fed proposal in the first place. Sen. Dodd of Connecticut is another slithering weasel who loudly and publicly pretends to champion financial reform but when the votes come, backs the banksters. Ron Paul [...] From WireDuck.com . In a show of how much our government thinks that serving the financial oligarchy, rather than the citizenry, is its prime duty, the Fed is fighting to stop the court-ordered disclosure of who borrowed money under the Fed’s various lending facilities. The reason I lump the Fed in with “the government” is that the [...] Former Bank of England policy maker Willem Buiter [says the Fed] pays too much heed to the concerns of financial institutions. “The Fed listens to Wall Street and believes what it hears,” Buiter said yesterday in a paper presented to the Fed’s conference in Jackson Hole, Wyoming. “This distortion into a partial and often [...] |  | ||||
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