We can only begin to repair ourselves from the sludge of that outgoing financial tide when the people’s government hold up that big mirror in front of Mr. Bernanke and his ilk, along with a “Ben, meet the enemy!” sign.

The notion is preposterous that we the people are going to sit back with our fingers crossed while Mr. Bernanke decides who goes and who stays, after the FED has bankrupted, illiquidated and insolvent-ized our financial future.

The FED itself goes DOWN!
Into the Treasury.
Controlled by the Joint Committee on Currency and Monetary Policy.

Establishment of a government-issue credit system, i.e. without debt, to expand the nation’s money supply.

No more government borrowing from people who don’t have the money.

Oh, wait.
Forget that.

Put the bankers in charge.
NOT !

Or when the tide goes out, how the paperwork trail lies stinking in the mud.

Here is a great link to that story, which came from : Shanghai: Gold Medal in Cliff Diving:

mock turtle writes:
Bernanke Tries to Define What Institutions Fed Could Let Fail

By Craig Torres
More Photos/Details

"Aug. 18 (Bloomberg) — Ben S. Bernanke is still trying to define which financial institutions it's safe to let fail. The longer it takes him to decide, the tougher the decision becomes….

the Federal Reserve chairman has repeatedly expanded the central bank's protective role, turning its balance sheet into a parking lot for Wall Street's hard-to-finance bonds and offering loans through its discount window to investment banks and mortgage firms Fannie Mae and Freddie Mac….

Reinhart, now a resident scholar at the American Enterprise Institute in Washington, is one of several Fed alumni who say they are concerned the central bank will next face requests to rescue hedge funds or insurance companies whose failure might damage the financial system."

The link:
Bernanke Tries to Define What Institutions Fed Could Let Fail http://www.bloomberg.com/apps/news?pid=20601087&sid=a0v71H6gketc&refer=home

“The combat and instability would continue because its real source was the political contract struck between democracy and capital back in 1913, the implicit decision that democratic politics could not be trusted to act responsibly in the national interest. Therefore, the authority and responsibilities of elected politicians were permanently curtailed. Put another way, the elected government was allowed to be permanently irresponsible – free to indulge its own follies and protected from the accountability by the higher authority, the non-elected central bank. The creation of the Federal Reserve represented a great retreat from democratic possibilities. The maturing of self-government was forever stunted.” Pg. 534, Secrets of the Temple – How the Federal Reserve Runs the Country, William Greider, Simon and Schuster, 1987

Imagine if Kennedy would have been greedy and gone for the fast easy solution!

Thank God Congress and The Senate have great connections with lobby groups; now if we could just get those rating numbers back up for the election!