Bernanke Will Refuse To Save The Economy If Dodd's Bill Passes.

http://www.businessweek.com/news/2010-03-18/bernanke-says-dodd-plan-would-harm-fed-s-ability-to-spot-risks.html
Bernanke Says Dodd Plan Would Harm Fed’s Ability to Spot Risks

I don't know. The Federal Reserve Bank is already very effective at avoiding spotting risks.

The Federal Reserve Bank let the entire American economy crumble before even noticing there was a problem. And for the last year everything the Federal Reserve Bank has done has worked to prolong the economic crisis the Federal Reserve Bank never saw coming. So I don't think any legislation will have any effect on what the Federal Reserve Bank is supposed to be doing. The Federal Reserve Bank will still be able to continue to avoid spotting any risks, and continue avoiding doing anything about any problems that become too big to ignore.

We want to have a connection to Main Street as well as to Wall Street,” Bernanke said. “We need to have insights into what is happening in the entire banking system.”

No one ever stopped the Federal Reserve Bank from paying attention to the economy. Nothing anyone is capable of doing has been able to force the Federal Reserve Bank to pay attention to the current economic crisis and do anything about it.

Considering how long and how hard the Fed has struggled to keep the blinders on to avoid seeing any problems in the economy, I wouldn't worry about this or any other bill that will force the Federal Reserve Bank to change their policy of ignoring any developing problems and then doing nothing to fix the problems.

Bernanke Gets Help To Finish Killing The Economy.

http://www.businessweek.com/news/2010-03-13/bernanke-may-get-help-planning-exit-with-fed-board-selections.html
Bernanke May Get Help Planning Exit With Fed Board Selections

President Barack Obama’s likely nomination of three Federal Reserve governors will help Chairman Ben S. Bernanke plan an exit from record monetary stimulus and strengthen banking supervision and consumer protection.

Why does Ben Bernanke need help planning an exit strategy from saving the economy?

Up until the collapse, Ben Bernanke was busy assuring everyone in sight that there was absolutely nothing wrong with the economy and that everything was working fine. Based on his inability to see any problem until it became so great that everybody was able to see it, Ben Bernanke has been working on fixing the problem. With about the same level of success. Just like Barack Hussein Obama has fixed the economy without doing anything about the unemployment, or home foreclosures or the business bankruptcies, Ben Bernanke is saving the financial system while allowing hundreds of banks to collapse and discouraging lending to anyone other than the federal government.

With help like this, Barack Hussein Obama's plan to finish converting the United States from capitalism to socialism should be an easy task.

N.Y.Federal Reserve Bank. Cover-Ups Are Regular And Necessary Part Of Reporting To The Securities and Exchange Commission.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.html
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.htmlHouse panel wants Geithner to testify about New York Fed and AIG

The chairman of the House Whitewash Committee wants to question Treasury Secretary Timothy F. Geithner.

Timothy F. Geithner who's cheating on his taxes was qualification enough for his appointment by Barack Hussein Obama to the job Secretary of Treasury is now being questioned on his other shady dealings.

What started this government circus is finding out that New York Federal Reserve Bank had asked AIG to refrain from disclosing financial details (cover-up) to the Securities and Exchange Commission. Legal counsel for the New York Federal Reserve Bank claims that cover-ups are a necessary and regular part of what the New York Federal Reserve Bank does. In fact, the New York Federal Reserve Bank say a cover-up does NOT mislead the Securities and Exchange Commission. White House spokesman Robert Gibbs claimed that cover-ups are such a routine part of what the New York Federal Reserve Bank does that nobody in that organization even bothers to ask their superiors for permission to suggest that a cover-up is necessary.

For some unknown reason the House Whitewash Committee thinks that since the bailout used taxpayer money, the taxpayers ought to know about it. The government has never cared in the past about wasting taxpayer money so I wonder if this could be a ploy to distract from something else the government has done recently, or is planning on doing in the near future?