The Dallas Fed Is Calling For The Immediate Breakup Of Large Banks

The Dallas Fed Is Calling For The Immediate Breakup Of Large Banks

Joe Weisenthal | Mar. 21, 2012, 10:03 AM


It's hard not to think it's a big deal when a branch of the Federal Reserve system calls for the breakup of major American banks.

The bank has just released its annual report, and the title of the letter is: Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now.

Here's the full letter from Dallas Fed President Richard Fisher, generally known as one of the most hawkish and conservative Fed Presidents.

Letter from the
President

If you are running one of the “too-big- to-fail” (TBTF) banks—alternatively known as “systemically important financial institutions,” or SIFIs—I doubt you are going to like what you read in this annual report essay written by Harvey Rosenblum, the head of the Dallas Fed’s Research Department, a highly regarded Federal Reserve veteran of 40 years and the former president of the National Association for Business Economics.

Russia: Media has key role in war against corruption

Media has key role in war against corruption – Medvedev

Published: 22 March, 2012, 18:26

President Dmitry Medvedev (RIA Novosti / Dmitry Astakhov)

TAGS: Medvedev, Russia, Politics, Law, Corruption

Law enforcement agencies and all state officials should react to media reports on corruption, says Russia’s President Dmitry Medvedev. However, presumption of innocence should be observed.
Medvedev pointed out that media monitoring is a major part of the work of every leader and every civil servant.

“All of us – from the president to a village chieftain – must react to publications in the media,” he said at a meeting of the Big Government on fighting corruption.

He stressed, though, that the media and public should not forget about political correctness. The president pointed out that unless the guilt of a person is proven, one is considered innocent and underlined that insults to public servants are unacceptable.

Law enforcement agencies must check information in media outlets on the problem of corruption, Medvedev said.

Andromeda Council: Tolec Update for March 21

Notice: 03.21.12

The completion of the next actionable event taken by the people of Procyon w/in the Andromeda Council is likely to be marked by a very large energy ball, a lighted sphere...which many people call an "orb"... within the next few days. It should be visible from a coastline. For those people who are interested in or aware of such things - it can be considered a "marker", an "indicator", or a "sign".

http://andromedacouncil.com/page05.html