IN SEARCH OF TRUTH, ACCOUNTABILITY AND INTEGRITY SINCE 1992

Series

The News Behind The News: Author Vern McKinley explains how bailing out the distressed companies only subsidizes failures.

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The News Behind the News: The Bear/Stearns bailout set the stage for expanding the safety net to all the major financial institutions that were in trouble.

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The News Behind the news: Scot Minerd claims the Fed is more transparent under the current leadership.

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The News Behind the news: The government agencies who are responsible for monetary policy failed to regulate the agencies under their supervision.

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Vern McKinley, author of “Financing Failure” appears in this Segment 1 of a 9 segment interview from the Full Disclosure Network(R) Special Series on the Federal Reserve System.

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Allan Meltzer, Ph.D., American Economist, Senior Fellow, Hoover Institute, and author of a three-volume history of the Federal Reserve, explains that banks have been turned into public utilities, and there’s too much emphasis on near-term actions.

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Vern McKinley, Policy Adviser to Central Banks tells Full Disclosure how difficult it was to obtain public records from the Federal Reserve regarding the huge Bail-outs of major financial institutions.

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G. Edward Griffin, author of “The Creature from Jekyll Island,” notes that the Federal Reserve isn’t part of the federal government, and describes it as a “banana or oil cartel.”

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The News Behind the news: The Congress and the public had to be deceived in order to pass the Federal Reserve Act. Watch the segment preview: To watch the full segment please make a donation below. FULL DISCLOSURE® and THE FULL DISCLOSURE NETWORK® are registered trademarks Full Disclosure Network® is a registered trademark for electronic media

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B. Scott Minerd believes the Federal Reserve has a clear bias toward reducing unemployment and won’t tolerate a severe economic slowdown, and predicts that for the near term, we’ll continue to see higher asset prices across the board.

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Allan Meltzer, Ph.D., American Economist, Senior Fellow, Hoover Institute, and author of a three-volume history of the Federal Reserve, explains that $1 trillion has been added to total reserves, even after reducing reserves by $10 billion per year, and that $2.5 trillion sits idle on banks’ balance sheets.

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Allan Meltzer, Ph.D., American Economist, Senior Fellow, Hoover Institute, and author of a three-volume history of the Federal Reserve, describes working with U.S. Senators Sherrod Brown (D-OH), and David Vitter (R-LA) to help write a bill that would downsize banks “too big to fail,” to protect the public and smaller community banks by helping to level the playing field.

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