There are 12 Federal Reserve Banks

and the heads of them vote on financial policy for the country. For quite a while there has been one dissenting vote, against the 11 person majority, and it is always 'Dick' Fischer of the Dallas Fed. Another 'dick', Rick Santelli, who would have a hard time squeezing his swollen head into a phone booth, loves his 15 minutes of fame on CNBC, cuz he gets airtime for his loud, outrageous rants against Obama and the Dems, as he has claimed for several years, that Fed policy, and QE3 is gonna cause runaway inflation, BUT, year after year, he is proven wrong. SO, to buttress his weak arguement, Rick interviewed the (one of twelve) member of the Fed who agrees with him, and congratulated himself for being so smart. Wow! Good job! Now how about interviewing one of the 11, in the vast majority, who say you're full of shit? Didn't think so...

Comments

Popular posts from this blog

Great 'bargains' at the local Sprouts store

Guest columnist

You think the Repub brand is tarnished now?