Mark Warner: Regulating "Too Big to Fail"

[Womanizer2985]

Mark Warner is bar-none the greatest Democrat in our government. While I may not always agree with him I sure do respect him. He understands the dangers of a growing Fed and he's the only person in his party standing up to the creeping socialism of this administration.

[spyletu]

it doesn't sound much like a free market approach on top of all that, and placing this board above any government agency would risk creating the 4th branch of government. all in all still the same conclusion: one government expansion will lead to another.. it doesn't work.

[spyletu]

well it sounds better than just giving more power to the federal reserve on the surface, but it still doesn't address the scenario when and if this "board" comes in conflict with the treasury or the federal reserve. as this senator admitted, federal reserve was a part of the problem that caused this crisis, so if this board doesn't have the power to do anything about it, then the proposal is pretty much pointless.

[fortsmith1]

Obama is giving the USA to The Federal Reserve. That is bullshit. Fuck the Federal Reserve. Those Bastards need to be abolished and tried for stealing like Madoff.