My current thoughts on Obama are that he is overall a good guy and that he wants to help out the average American; however I ponder this: why would Obama want to allow the Federal Reserve, which is ran by privately owned banks, MORE power to control our country's banking/lending practices? In my opinion the main reason we are in such a mess economically is because the Federal Reserve and affiliated banks/lenders acts on their own personal interests above the American people's; and this is not because they are terrible people, but because they have no legal accountability to do so! Ever since they caused the initial Depression and gained control over all of the thriving non-affiliated banks, we have lost any sort of "free" market within our country when it comes to banking/lending. Now Obama wants to give them even more power? Am I the only person who has a problem with Obama's plan to give the Fed more oversight power to protect THEIR OWN interests?
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