------ Forwarded Message > From: Sardar <sar...@spiritone.com> > Date: Sat, 6 Jun 2009 16:21:19 -0700 > To: Sardar <recon1968br...@yahoo.com> > Subject: President of the Federal Reserve Bank of Kansas City Warns of > Oligarchy > > President of the Federal Reserve Bank of Kansas City Warns of Oligarchy > > Washington's Blog > Saturday, June 6, 2009 > > As I have previously pointed out, two top IMF officials and the former Vice > President of the Dallas Federal Reserve have all warned that the U.S. has > been taken over by an oligarchy. > > Wednesday, the head of the Federal Reserve Bank of Kansas City, Thomas > Hoenig, agreed: > > If we hesitate to make needed changes, we will perpetuate an oligarchy of > interests that will fail to serve the best interests of business, the > consumer and the U.S. economy. > > In discussing any aspect of financial reform, one of the most significant > changes that must be accomplished is the end of "Too Big to Fail" . . . > Institutions must be allowed to fail, no matter their size or political > influence.The effect is to lower the costs to these firms and significantly > raise costs to the taxpayer and, ultimately, to fundamentally weaken our > financial system. > > > > > Get your ad SEEN by our millions of monthly visitors AND support the > Infowar. CLICK HERE for our advertising rates. > > > > http://www.prisonplanet.com/president-of-the-federal-reserve-bank-of-kansas-ci > ty-warns-of-oligarchy.html
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