"Bernanke report defends role of Fed as a watchdog" by New York Times | January 15, 2010
In the aftermath of the financial crisis, the Fed has emerged as a target of much of the populist anger brewing across the country....
Bernanke, awaiting confirmation by the Senate for a second term, said that although he did not believe the Fed should be responsible for monitoring the entire financial system, he did envision an expanded role for the agency....
Yeah, let's give the looters who screwed the whole thing up on purpose more power.
See:
"Federal Reserve Posts $52 Billion Profit For 2009
The world’s most powerful private bank, the Federal Reserve has posted a record profit for 2009 of $52 billion. The Fed says the record is due to profits made on investments which supposedly rescued the US economy from collapse..."
