If the Fed is Wall Street’s bitch, than Congress is the Street’s whore.
You can see why going to DC is probably a good way to get my ass
thrown in jail. Most scenarios I envisioned end with me trying not to
respond with a list of the campaign donations that were made to the
congressional questioner. I pictured myself responding not to the
“Senator from the great state of Texas,” but rather, to the “Senator
representing the great state of AIG.”
That's Fed critic Barry Ritholz explaining
why he turned down an invitation to testify before the House Financial Services
Committee. The committee is holding hearings on Ron Paul's proposal for
congressional audit of the Fed--a proposal that conservative Bruce
Bartlett calls a "crackpot idea."
I’m not surprised some unstable person hit back., Eastern Ky has a difficult relationship with government anyway. Much local government is corrupt. The only plot to assassinate a sitting governor was hatched here. The old courthouse was full of bullet holes from an assault in the 1930s. Our school was founded to try and bring an end to the Baker-Howard-White war, which brought government troops in at one point. Whether it’s revenuers or government support of coal companies or the welfare state’s corruption of everything it touches, this is an area where it wouldn’t be too hard to find fifty people living off the Federal government and fifty people across the creek ready to shoot any DEA agent that stops to use the phone...
I assure you that few people of the sort who would kill a census worker are concerned with Mr. Beck. They are probably more concerned with why their cousin is in prison or why they aren’t getting paid for running dope any more.