@ponderable said
from Wikipedia:
During the George W. Bush Administration, Omarova served in the Department of the Treasury as a special advisor on regulatory policy to the Under Secretary for Domestic Finance.[3]
So G.W Bush is a closet communist? (Put down in your logic, she was far nearer to her tarining then)
The Lady is professor at Cornell Law school. Is that istitution a co ...[text shortened]... redentials before linking sensationalist headlines and people might take as debatable what you post.
She wants to concentrate all major aspects of the US Banking system in the hands of the Federal Reserve. It would have horrible rippling effects. It woujld allow the Fed, when they are unable to control inflation by raising interest rates, to confiscate deposits in order to tighten monetary deposits. The Fed could overtly insert itself into the stock market, establishing a trading portfolio. How can there be free markets with the govt involved??? What a FIELD DAY the hedge funds would have if this were going on!!!!
Suzianne,,,,Keve, everybody,,,the rich will just get richer. They would jump on board with whatever the fed is shorting, and drive the share price to zero, and make zillions. Google and Microsoft will hire a thousand lobbyists to fight this.
Why don't you libs leave well-enough alone?