DC Tom Posted January 13, 2016 Share Posted January 13, 2016 HA HA HA HA HA HA HA HA You are out of tricks! Federal Agency Listed as Federal Agency here too! http://www.federalreserve.gov/consumerinfo/agency.htm Then again...why isn't Wells Fargo considered part of the federal government even though it's part of the Federal Reserve? If you understood what the Federal Reserve was and how it worked, you'd answer that. Link to comment Share on other sites More sharing options...
Tiberius Posted January 13, 2016 Author Share Posted January 13, 2016 Then again...why isn't Wells Fargo considered part of the federal government even though it's part of the Federal Reserve? If you understood what the Federal Reserve was and how it worked, you'd answer that. Obfuscation boy! The Federal Banking Agency Audit Act, enacted in 1978 as Public Law 95-320 and 31 U.S.C. section 714 establish that the Board of Governors of the Federal Reserve System and the Federal Reserve banks may be audited by the Government Accountability Office(GAO).[39] https://en.wikipedia.org/wiki/Federal_Reserve_System Why would they call it that if they were auditing the Fed? Oh, because its an agency! Duh! But...Wells Fargo! Did you know Wells Fargo started in Buffalo? Mayor Fargo was mayor of Buffalo during Civil War https://en.wikipedia.org/wiki/William_Fargo Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 13, 2016 Share Posted January 13, 2016 Link to comment Share on other sites More sharing options...
DC Tom Posted January 13, 2016 Share Posted January 13, 2016 Obfuscation boy! Link to comment Share on other sites More sharing options...
Tiberius Posted January 13, 2016 Author Share Posted January 13, 2016 Is that you discovering the Fed is a Federal Agency? Ha! Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 13, 2016 Share Posted January 13, 2016 Link to comment Share on other sites More sharing options...
GG Posted January 14, 2016 Share Posted January 14, 2016 Obfuscation boy! https://en.wikipedia.org/wiki/Federal_Reserve_System Why would they call it that if they were auditing the Fed? Oh, because its an agency! Duh! But...Wells Fargo! Did you know Wells Fargo started in Buffalo? Mayor Fargo was mayor of Buffalo during Civil War https://en.wikipedia.org/wiki/William_Fargo And the Fed, FDIC, and OCC can audit private banks. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 From the lips of Greenspan himself proving Gator is indeed an asshat of epic proportions. "First of all the Federal Reserve is an independent agency. And that means basically that there is no other agency of government that can overrule the actions we take." ' This in response to the question, "What should be the proper relationship between the chairman of the Fed and the President of the United States." Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 This video should also be terrifying and sobering to anyone who thinks the Fed is part of the US government. The inspector general flat out admits they do not have juristiction to audit the fed or their member banks: Link to comment Share on other sites More sharing options...
Tiberius Posted January 27, 2016 Author Share Posted January 27, 2016 From the lips of Greenspan himself proving Gator is indeed an asshat of epic proportions. "First of all the Federal Reserve is an independent agency. And that means basically that there is no other agency of government that can overrule the actions we take." ' This in response to the question, "What should be the proper relationship between the chairman of the Fed and the President of the United States." No "other agency of government"??? So you just posted something that proves I am right. Thanks! You are a peach! This video should also be terrifying and sobering to anyone who thinks the Fed is part of the US government. The inspector general flat out admits they do not have juristiction to audit the fed or their member banks: You just posted a video with Greenspan saying it WAS part of the government!!! Wow! Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 No "other agency of government"??? So you just posted something that proves I am right. Thanks! You are a peach! You're wrong. Greenspan says so, along with nearly every single person in this forum who knows what they're talking about when it comes to this subject. Link to comment Share on other sites More sharing options...
Tiberius Posted January 27, 2016 Author Share Posted January 27, 2016 You're wrong. Greenspan says so, along with nearly every single person in this forum who knows what they're talking about when it comes to this subject. He said, "other government agencies" as in the Fed is a government agency, duh! Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 He said, "other government agencies" as in the Fed is a government agency, duh! Incorrect. He said no other government agency has authority over them because they are independent. This was in response to the question about what the relationship between the fed chair and POTUS should be. He's saying no other agency (ie THE EXECUTIVE BRANCH) can tell them what to do because they are INDEPENDENT. Learn to listen. It'll save you from looking like a fool... well, maybe that ship has sailed. Link to comment Share on other sites More sharing options...
Tiberius Posted January 27, 2016 Author Share Posted January 27, 2016 Incorrect. He said no other government agency has authority over them because they are independent. This was in response to the question about what the relationship between the fed chair and POTUS should be. He's saying no other agency (ie THE EXECUTIVE BRANCH) can tell them what to do because they are INDEPENDENT. Learn to listen. It'll save you from looking like a fool... well, maybe that ship has sailed. Nice try, but POTUS works through his agencies, obviously he would use one in his relationship. That's why he nominates the chair, its an agency Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 Nice try, but POTUS works through his agencies, obviously he would use one in his relationship. That's why he nominates the chair, its an agency Link to comment Share on other sites More sharing options...
Chef Jim Posted January 27, 2016 Share Posted January 27, 2016 "First of all the Federal Reserve is an independent agency. And that means basically that there is no other agency of government that can overrule the actions we take." ' This in response to the question, "What should be the proper relationship between the chairman of the Fed and the President of the United States." See........I was RIGHT!!! [/gator] Link to comment Share on other sites More sharing options...
Tiberius Posted January 27, 2016 Author Share Posted January 27, 2016 See........I was RIGHT!!! [/gator] Well, you changed your answer several times. It public/private--but mostly public. And yes, its independent for a good reason, some clod watching George Carlin videos might think they understand how the world works and try and change things....somehow Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 27, 2016 Share Posted January 27, 2016 See........I was RIGHT!!! [/gator] He'd be WAY more fun and far more tolerable if he were just honest. But being honest means being able to admit you're wrong. Gator is incapable of admitting he's wrong, about anything, which is why he wears asses for hats and tries to pass it off as a fashion trend. Link to comment Share on other sites More sharing options...
Tiberius Posted January 27, 2016 Author Share Posted January 27, 2016 http://www.federalreserve.gov/consumerinfo/agency.htm Federal agency... Link to comment Share on other sites More sharing options...
Chef Jim Posted January 27, 2016 Share Posted January 27, 2016 Well, you changed your answer several times. It public/private--but mostly public. And yes, its independent for a good reason, some clod watching George Carlin videos might think they understand how the world works and try and change things....somehow I changed my answer several times. Walk us through the several changes I've made on the subject. http://www.federalreserve.gov/consumerinfo/agency.htm Federal agency... Yeah we've seen that. Link to comment Share on other sites More sharing options...
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