Commentary by Roger Erickson
More stuff is piling up in the "does not compute" departments.
How many $Billions did the Fed just return to the US Treasury?
Nevertheless, Fed to Collect $440 Million From 70 Banks for Regulatory Costs.
"The Federal Reserve issued a final rule that will require 70 financial companies to pay a combined total of $440 million for the cost of expanded Fed supervision."
They "need" the funds from those fees ... to regulate the banks they weren't regulating? Why do then need those funds? Because the Fed is running out of fiat currency? I need to sit down .. and pick my jaw up off the floor, yet again.
Does ... not ... compute .... brain overload ... insufficient or contradictory data ... raising bullshit shields ... shutting down all propaganda feeds.
This isn't right, it isn't even wrong ... it's just, well, bizarre,
regardless of the need for more bank regulation.
Morons, all of them, especially Bernanke, who is either incapable, afraid or, apathetic when it comes to telling the truth about how it all works.
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