This is not Right or is it?
Sep 22nd, 2008 by Randy Toman
How can the Federal Reserve put the burden on the tax-payers backs by changing the status of the company?
“There had been fears, given the recent turbulence in the financial markets, that Morgan Stanley and Goldman Sachs would not be able to survive as independent players, and both their share prices have come under pressure.
Both banks had filed requests with the Federal Reserve to change their status, and late on Sunday, the Fed announced it had granted the requests.”
“Now that the US taxpayer is in a formal sense underwriting Goldman and Morgan Stanley, their days of buckling the swash on the worldwide high seas of finance are over, possibly for good.”
http://news.bbc.co.uk/2/hi/business/7628578.stm
1/The Federal Reserve is not a government agency, it is not even part of the United States Government it is a private bank. Why should the American Citizen have that done to them, by a private banking industry?
2/ I thought the government was to protect its’ citizens?
3/ Were are the elected officials, all the while this is going on?
This is not right or is it? WE SHALL SEE