{"id":1224,"date":"2009-10-19T21:10:58","date_gmt":"2009-10-20T02:10:58","guid":{"rendered":"http:\/\/jimbovard.com\/blog\/?p=1224"},"modified":"2024-09-11T23:58:04","modified_gmt":"2024-09-12T03:58:04","slug":"the-feds-and-the-great-wall-street-heist","status":"publish","type":"post","link":"https:\/\/jimbovard.com\/blog\/2009\/10\/19\/the-feds-and-the-great-wall-street-heist\/","title":{"rendered":"The Feds and the Great Wall Street Heist"},"content":{"rendered":"

Here’s a great cartoon from the new issue of the New Yorker<\/a><\/em>:<\/p>\n

Fortune columnist Allan Sloan explains <\/strong><\/a>how the feds are creating vast windfalls for Wall Street firms with its artificial suppression of interest rates – the same policy that is brutally punishing anyone who put their savings in Certificates of Deposit or other interest-rate sensitive outlets. Sloan notes, “But until rates go up, Wall Street will be chowing down on essentially free money, while fixed-income people living off their investments will have to eat into their capital, take more risk or reduce their standard of living. A nice reward from their government for a lifetime of saving.”<\/p>\n

This is one more reason for Congress to speedily enact Ron Paul’s bill to Audit the Fed. There is far more looting going on under federal auspices than what the Justice Department is accusing private firms of commiting. Pulling back the curtain on the Federal Reserve is one step to bring down the entire charade.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s a great cartoon from the new issue of the New Yorker: Fortune columnist Allan Sloan explains how the feds are creating vast windfalls for Wall Street firms with its artificial suppression of interest rates – the same policy that is brutally punishing anyone who put their savings in Certificates of Deposit or other interest-rate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[22,44,37],"class_list":["post-1224","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-attention-deficit-democracy","tag-bailout","tag-ron-paul"],"yoast_head":"\nThe Feds and the Great Wall Street Heist - James Bovard<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jimbovard.com\/blog\/2009\/10\/19\/the-feds-and-the-great-wall-street-heist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Feds and the Great Wall Street Heist - 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The Wall Street Journal called Bovard \\\"the roving inspector general of the modern state\\\" and Washington Post columnist George Will called him a \\\"one-man truth squad.\\\" His 1994 book, Lost Rights: The Destruction of American Liberty, received the Free Press Association\u2019s Mencken Award as Book of the Year. His Terrorism & Tyranny won the Lysander Spooner \\\"Best Book on Liberty in 2003\\\" award. He received the Thomas Szasz Award for Civil Liberties work, awarded by the Center for Independent Thought and the Freedom Fund Award from the Firearms Civil Rights Defense Fund of the National Rifle Association. Bovard\u2019s writings have been publicly denounced by FBI director Louis Freeh, the Secretary of Agriculture, the Secretary of Housing and Urban Development, the Postmaster General, and the chiefs of the U.S. International Trade Commission, the Drug Enforcement Administration, the Equal Employment Opportunity Commission, and the Federal Emergency Management Agency, as well as by many congressmen and other malcontents.\",\"sameAs\":[\"http:\\\/\\\/www.jimbovard.com\",\"https:\\\/\\\/www.facebook.com\\\/jim.bovard\",\"https:\\\/\\\/x.com\\\/jimbovard\"],\"url\":\"https:\\\/\\\/jimbovard.com\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Feds and the Great Wall Street Heist - James Bovard","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/jimbovard.com\/blog\/2009\/10\/19\/the-feds-and-the-great-wall-street-heist\/","og_locale":"en_US","og_type":"article","og_title":"The Feds and the Great Wall Street Heist - 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