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Congress Bails Out Wall Street

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VanguardNewsNetwork
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Gentiles on Main Street will pay out big money for the slippery practices of the mostly-Jewish bankers on Wall Street. Could the “subprime loan” crisis - which caused the Wall Street crash - have happened without “fractional-reserve” banking? No. There wouldn’t have been enough money in the system. Too much money was available. Question: who sets U.S. banking policy, especially the “reserve-level” rate? [1]. Answer: the Federal Reserve [2]. It’s time for Congress to reform America’s money system by, for starters, mandating reserve banking instead of fractional-reserve banking:
[Article].
[1] “reserve-level” rate = the amount of physical money that each bank must hold
[2] the Federal Reserve’s actions also greatly influence the stock market

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Posted : 03/10/2008 4:30 pm
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