Azalin Posted July 20, 2015 Share Posted July 20, 2015 Of course they are. They operate airplanes and trucks, which means they fall under the authority of the FAA and NTSB. They're also a publicly traded company, so they're regulated by the SEC and HHS. So I guess that means that as a consumer, I'm regulated by the federal government because I spend money that was printed by the government on whatever Fed Ex delivers to me? Link to comment Share on other sites More sharing options...
DC Tom Posted July 20, 2015 Share Posted July 20, 2015 (edited) So I guess that means that as a consumer, I'm regulated by the federal government because I spend money that was printed by the government on whatever Fed Ex delivers to me? Not printed. Created. You spend the government's money on stuff the government delivers to you. And if it's a consumer product, it's from the government as well, since they're regulated by the CPSC. Or a book from Amazon...since books are regulated by the First Amendment. That's about as far as I can take gatorlogic until I need an aspirin. Edited July 20, 2015 by DC Tom Link to comment Share on other sites More sharing options...
Tiberius Posted July 21, 2015 Share Posted July 21, 2015 Paul Solman: It’s “federal” as in the Federal Government. But it was set up from the get-go as a compromise between public and private interests. So, the folks who run it are appointed, not elected, and the banking industry, which the Fed regulates, has a hand in picking the members of the regional Fed banks (there are 12 of them). Wik But elsewhere on the Web (and in print), you’ll find a lot of malarkey about the Fed from conspiracy theorists. Love that part! http://www.pbs.org/newshour/making-sense/is-the-federal-reserve-public/ Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 21, 2015 Share Posted July 21, 2015 Love that part! http://www.pbs.org/newshour/making-sense/is-the-federal-reserve-public/ And yet you've failed to prove your point (again) that the Fed is indeed part of the US Government. Can you show any proof to back up your claim? Or are you just going to run away from this debate like every other time you get your ass(hat) handed to you? Link to comment Share on other sites More sharing options...
unbillievable Posted July 21, 2015 Share Posted July 21, 2015 The existence of Disney Dollars prove that DisneyWorld is a separate country with it's own government. Link to comment Share on other sites More sharing options...
DC Tom Posted July 21, 2015 Share Posted July 21, 2015 Love that part! http://www.pbs.org/newshour/making-sense/is-the-federal-reserve-public/ So it's not Federal, it's "federal." Yeah, you sure showed us. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 25, 2015 Share Posted July 25, 2015 First Libor, now this. This enabled the banks to inflate prices on Treasurys they sold to investors in the pre-auction "when issued" market, and deflate prices when they bought Treasurys to cover their pre-auction sales, violating antitrust laws, according to the complaint. Primary dealers are the banks authorized to transact directly with theFederal Reserve. They are big players in Treasury bond auctions and act as market makers in the secondary market. The pension fund said its "expert economists" observed wide gaps between when-issued and auction prices around December 2012, but that these gaps narrowed significantly as the U.S. Department of Justice and other regulators began probing alleged manipulation of the London interbank offered rate, a benchmark used to set interest rates for trillions of dollars worth of loans around the world. http://www.cnbc.com/2015/07/24/lawsuit-accuses-22-banks-of-manipulating-us-treasury-auctions.html Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 28, 2015 Share Posted July 28, 2015 (edited) Hedge Fund tells Puerto Rico: lay off teachers and close schools to pay us back Billionaire hedge fund managers have called on Puerto Rico to lay off teachers and close schools so that the island can pay them back the billions it owes. The hedge funds called for Puerto Rico to avoid financial default – and repay its debts – by collecting more taxes, selling $4bn worth of public buildings and drastically cutting public spending, particularly on education. The group of 34 hedge funds hired former International Monetary Fund (IMF) economists to come up with a solution to Puerto Rico’s debt crisis after the island’s governor declared its $72bn debt “unpayable” – paving the way for bankruptcy. (SNIP) It accused the island, where 56% of children live in poverty, of spending too much on education even though the government has already closed down almost 100 schools so far this year. http://www.theguardian.com/world/2015/jul/28/hedge-funds-puerto-rico-close-schools-fire-teachers-pay-us-back Edited July 28, 2015 by GreggyT Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted July 28, 2015 Share Posted July 28, 2015 Hedge Fund tells Puerto Rico: lay off teachers and close schools to pay us back http://www.theguardian.com/world/2015/jul/28/hedge-funds-puerto-rico-close-schools-fire-teachers-pay-us-back Not an unreasonable position to take. Link to comment Share on other sites More sharing options...
Alaska Darin Posted July 28, 2015 Share Posted July 28, 2015 The next thing you know, banks are going to start throwing people out of their homes when they don't pay their mortgages! The horror. Link to comment Share on other sites More sharing options...
DC Tom Posted July 29, 2015 Share Posted July 29, 2015 The next thing you know, banks are going to start throwing people out of their homes when they don't pay their mortgages! The horror. But this is BILLIONAIRE HEDGE FUND MANAGERS. They have no right to demand money they're owed, because they're BILLIONAIRE HEDGE FUND MANAGERS. The government can just tell them to !@#$ off, and forgive Puerto Rico's debt, because they're not actual people with actual rights, they're BILLIONAIRE HEDGE FUND MANAGERS. We learned that from the GM "bankruptcy." Link to comment Share on other sites More sharing options...
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