It's kind of shocking, when it comes to how irresponsible it is. It's emblematic of a desire to, essentially, increase corporate power.
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Federal Reserve
… System has another major problem: Government can abuse this authority for its own advantage Chapter Federal Reserve Page … System has another major problem: Government can abuse this authority for its own advantage … Public control of money … - page 731
… Congress gave the Federal Reserve greater regulatory authority over banks after the stock market crash of 1929. … Congress gave the Federal Reserve greater regulatory authority over banks after the stock market crash of 1929. … - page 731
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