Dodd taps Fed to fix financial problems it created

The reality is that we live in a satirical society that is so absurd it is truly laughable in the most sardonic possible sense. Democratic senator Christopher Dodd, the head of the Senate Banking Committee, is ready to circulate a bill that gives the Fed even more power over the country’s financial system. This bill would depend on the Fed to be the eye that consumers can count on to protect their interests amid the wheelings and dealings of the financial markets.

Republicans are against this measure, which is supposed to represent the “reform” of Wall Street that Obama promised in the middle of last year. It’s not that the GOP wants more objective oversight–they are apparently partnering with bank lobbyists in an effort to stand pat and allow the markets to do as they will with no oversight at all.

So there are your choices–the fox guarding the hen house, or the fox guarding the hen house.

Surely our forefathers are turning over in their graves.