It is Not Heartwarming

To realize the U.S Government post 911 bestowed  private domestic policing powers on the 12 Federal Reserve Banks, including the New York Fed. You have to read about it here, just thinking about it makes me sweat. Remember the Fed is not really Federal…it is private. In essence we have the guys who seek market intelligence and make buku dollars every day off market intelligence, security trades, and equity markets policing themselves. Then the high ranking fed boys and girls move off to make the REALLY big bucks with the wall street firms. Suppose there is any insider information going back and forth there?  Anyone else perceive a major conflict of interest?

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