Political Quotes

On the recordNovember 29, 2011
While Congress is in a deadlock over tax and spending cuts, we learn the Feds secretly gave Wall Street banks over $7.7 trillion. Where did the Fed get that 7.7 trillion? They created most of it from nothing. While our government slid into massive debt, the Fed picked winners and losers and secretly helped big banks tally record profits. Remember the great debate we had here over $700 billion in TARP funds? There was no debate over the $7.7 trillion the Fed gave the banks. Did Congress have a clue? There's another game going on way over our heads, and our constituents are struggling while the banks, with the help of the Fed, have captured control of our government. Now the rating services are threatening us that if we don't come up with a deal, they'll downgrade U.S. debt. Could the threat to our national sovereignty be any clearer? It's time for Congress to listen to the wisdom of our Founders and reclaim its constitutional primacy over monetary policy. There is a way. It is called the NEED Act. The Fed takes our freedom and gives it to the banks. Let's take our freedom back from the Fed. ____________________
Said by
Dennis Kucinich
Independent · Ohio
Source
govinfo.gov
Nov 29, 2011

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