Sunday, April 11, 2010

How The Fed & The Banks Conned Us

The Dylan Ratigan Show on MSNBC did an amazing job this past week of explaining how the Federal Reserve and the banks conspired to con the American people into borrowing money creating the bubble that burst and resulting in the recession and people losing their homes, their jobs and their life savings.

Most amazingly, the segment, which appears below, points out that the new banking reform legislation puts the fox in charge of the chicken coop - giving the Fed the responsibility to oversee banking "reform."

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