Long have the wiser people of this great nation speculated that greed and corruption were the root of our Nation's financial issues. It would seem that some of our Senators in office have finally
come to the conclusion that the Federal Government; most precisely the Federal Reserve; should no longer go unchecked. The trillion dollars the Federal Reserve has spent in bail outs for multi billion dollar companies should not have happened so freely, implies Texas Senator Ron Paul. Senator Paul published the book, "End the Fed" which has recently made it to the best sellers list.
Senator Christopher J. Dodd declared, "the Fed has been an abysmal failure." Finally Senators are starting to speak out about the corruption that plagues our nation starting with the Feds. The link: http://www.nytimes.com/2009/11/11/business/11fed.html?r=1&scp=1&sq=Feds&st=cse is a post by Edmund L. Andrews from the New York Times which explains a new bill is being pursued by 300 House lawmakers and 30 Senators pushing for a system of checks and balances for the Feds or a method of auditing the Feds.
Naturally the Feds are up in arms against this bill as it would no longer allow them to dictate what interest rates are, keep the wealthy in business by giving them bail out money, and most importantly finally stop increasing the National Debt. Senator Bernie Sanders is a left leaning independent from Vermont who is sponsoring Senator Ron Paul's bill and stated, "People are frightened, how do you explain to them that the Fed has spent $2 trillion to help many of the same banks that got us into this crisis in the first place." Senator Sanders statement rings true, but why have we not done something about it sooner? Could this be the beginning of better times, when our Senate acts with a sense of integrity and with the best interests of the people in mind as per what was written in our Constitution several decades ago. I suppose it is better late than never.
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