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The Fed has a rule that they are making active on April 1 where each mortgage brokerage and banker (excluding banks) set a fixed percentage that they can charge each and every customer regardless of loan amount.
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Boomers retirement may be the true reason behind the labor shortage
(ECONOMY) Millennials and Gen Z were quick to be blamed for the labor shortage, citing lazy work ethic- the cause could actually be Boomers retirement.
Economic News
Is the real estate industry endorsing Carson’s nomination to HUD?
(BUSINESS NEWS) Ben Carson’s initial appointment to HUD was controversial given his lack of experience in housing, but what is the pulse now?
Economic News
Job openings hit 14-year high, signaling economic improvement
The volume of job openings is improving, but not across all industries. The overall economy is improving, but not evenly across all career paths.
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Nadina Cole-Potter
November 21, 2010 at 7:58 pm
If anyone thinks that the Fed is a federal government agency under the control of Congress or the Executive, or even the Supremes, think again. It was formed as a central bank for the benefit of the big banks and everything that gets done is for their benefit, not citizens, not taxpayers, not other businesses, not consumers, and not the economy over all.
Ultimately, the Fed is not accountable to any body or laws except itself. Folks, we have government by the bankers, for the bankers and of the bankers.
It might be time to consider how to dismantle the Fed.
Paula Henry
November 22, 2010 at 5:27 am
This war was fought years ago and Americans lost. Is it any surprise this is happening as banks end their 100 year charter?
Fred Griffin
November 22, 2010 at 11:33 am
The Federal Reserve Bank – is not Federal, it has no Reserves, and it is not a Bank.
steve campbell
November 22, 2010 at 11:59 am
isnt the fed just implementing the frank/dodd act ?
Fred Glick
November 22, 2010 at 4:17 pm
@Steve. This was not in anyway a part of Dodd Frank. It is something they did on their own and started it over a year ago.
Parts of DF will temporarily be handled by the Fed until Elizabeth Warren’s organization is started.