Monday, September 21, 2009

Paging Peter Schiff

Sen. Chris Dodd plans to propose a merger of four bank agencies -- including the Federal Reserve and the FDIC -- into one super-regulator, according to reports.

Let's see, the soup is terrible, the milk is sour and the Coke is flat, let's mix it all together and turn it into a super drink!

3 comments:

  1. The chef knows he's about to be fired, he might as well piss in as many dishes as he can before they kick him out the backdoor.

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  2. Possibly that. Possibly a countermove to Ron Paul's end the Fed movement. "Yeah, let's end the Fed, the FDIC etc, and make one good regulator that gets everything right."

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  3. Long-term strategy: be on record supporting a super-regulator. If End the Fed is successful, govt engineers a panic/economic collapse fake-out, Paul looks like an ass (as does 'laissez-faire', "again") and then Dodd is the hero because he saw the need for a super-regulator way back when.

    Also, the guy is totally bought and paid for by his banking buddies. He is one sick MFer and I bet some good dirt could get turned up by anyone trying to look. He's just doing what they want so they keep their mouths shut about what a rascal he is.

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