advertisement

The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

Search Boortz.com
Enter search terms:
Browse Boortz.com
Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

TOO BIG TO FAIL

By
Neal Boortz
@ May 11, 2009 8:35 AM
Permalink | Comments (35) | TrackBacks (0)

The White House has decided that private companies deemed "too big to fail" need to be policed by a supercop, and the White House is recommending the Federal Reserve play the role.

Last week, Obama's economic advisors had a meeting with representatives from banks, hedge funds and financial groups. These groups had suggested to the president that if the government insisted on regulating industries, that the task should be divided among various regulators. But that doesn't seem to be what the White House is going for. It wants a single independent regulator to monitor system-wide risk, and that one regulator "should be given better visibility into all institutions that pose a risk to the financial system, regardless of what business they are in."

So we aren't just talking the financial industry here. We are talking about any company that the government feels is too big to fail and would pose a risk to the financial system. Who in Congress has been chosen to lead the task for drafting legislation for such a supercop?? None other than slobbering Barney Frank.

This legislation, according to tax cheat Tim Geithner will include an "aggressive" package of reforms for the financial industry. That includes a fundamental overhaul of how the industry pays its senior executives. In other words, those evil bonuses will be a thing of the past.

This is a massive proposed increase in the control privately-owned businesses by government. But I don't have to tell you that, do I? What you may not know, however, is what you call this type of economic system --- a system where business is owned privately but owned by the government. The word would be Fascism.



0 TrackBacks

Listed below are links to blogs that reference this entry: TOO BIG TO FAIL.

TrackBack URL for this entry: http://boortz.com/blogging/mt-tb.cgi/30472

Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


Avg. rating: N/A

What others are saying

  • DaleC the Twit
    Now that I got that off my chest, here are some answers to your stupid brainless questions. First of all, Bilderberg is most certainly tied to The Federal Reserve. It's hilarious that someone denies what is going on when it's happening right in front of your face. There are tons of video footage showing these very meetings taking place. The situation with the Federal Reserve is an indisputable fact. Do the homework, moron.
  • DaleC
    Look here twit, seeing as how you've drank the coolaid that keeps you sleeping well at night over how much Obama and the U.S. Government is looking out for you, I'll assume you're just a drooling moron that is walking around with the rest of the sheeple. I guess you believe that WMDs still exist somewhere in Iraq don't you? I bet you also believe that Obama plans to post all bills on the Whitehouse website for 5 days before signing it huh? Oh wait, let me guess, I bet you still believe that Hillary Clinton did have to avoid the hail of mortar fire when she stepped off of that plane. Of course you do, because you're too busy sucking the proverbial nipple of the U.S. Government and completely clueless to what is really going on around you. Dipsh@t.
  • Build-a-Burger and Dr Jekyll
    They are seperate, but every tinfoil hat website I can find links the two.

    Besides, how could something as powerful as the Federal Reserve exists without Bildeberger approval?
  • Leaks
    So the journalist with the "inside" connection is known. Why don't they just kill him? That would end the "reporting". Or torture him to find out who the insider is?

    Why would they permit anyone to live who was even associated with the leaks?

    For that matter, why are you two guys not audited every year? Or still employed? or anything? Why is your internet connection working?

    If they are that powerful, you are fools for even discusing them.
  • More on power families...
    The Kissinger family is one of the power families I was mentioning earlier. Isn't it interesting that Henry Kissinger gave Obama his first job right out of law school? Could be coincidence...but perhaps not. There is no telling the lengths these elite families will go to cover up the truth. Obama could have been hand picked by Mr. Kissinger for all we know. Hell they may have even had a list of possible choices for their front man way in advance of the Presidential Campaign. It was VERY important that the new President be able to convince the American people that their government was on their side. The question is whether or not Obama was their first choice or not.
  • To DaleC
    Information gets out because there are members of the group with loose lips. I promise you they are trying to weed out these members. They have so much to lose if they fail with the NWO. If people were to find out the names and or aliases of those responsible for all this there is a good chance they would have to go into hiding. You have to understand...for the most part these families are the very same ones who funded Mao, Stalin, and Hitler. They are responsible for high profile assassinations and power grabs. Hell they created the European Union. Their families would all be slain if the truth were completely exposed.
  • DaleC
    The Bilderburg Group and The Federal Reserve meetings are two different topics. The Federal Reserve was hatched out at Jeckyll Island, while the Bilderberg Group meets regularly in various locations.

    There is an individual on the inside that releases the dates/locations of the Bilderburg meetings to a journalist (whose name eludes me at the moment) and it's released publicly after that.
  • BTW
    Remember those stress tests? Yeah they lied. Yeah sure they still said 10 banks need to raise capital, but they negotiated behind closed doors with the Fed and somehow had their capital deficits lowered. This is kinda important people. Here is a link to the article where I read it. I knew that the stress test numbers were screwed up. The banks/fed are doing whatever they can to warn off a run on the banks. If the true numbers had been seen by the public there would have been a run on the banks.

    http://online.wsj.com/article/SB124182311010302297.html
  • Jekyll Island "Secret" meeting
    If it is a secret meeting, how do we know about it?

    The Bilderbergers are wizards at manipulating the entire world, but suck at keeping secrets.
  • Matt
    They won't use nuclear weapons, but they could easily use biological weapons if things got bad enough. I doubt it would get that far though. I could easily see some crazy crowd control devices being used. Our defense contractors have been busy for the past decade on building crowd control weapons. These weapons were built because our government has known about this economic disaster they created for a long time. Some may say that the government always plans for the worst, but that doesn't explain why there have been tons of shows on TV displaying the potential of such weapons ie The Active Denial System. This is propaganda meant to scare would-be protestors. They are showing Americans weapons they have built for use on YOU.
  • calling in the debt.....
    hey folks here is a question I don't have an answer for............

    what happens when the loan shark (china) calls in the IOU?? do they send LUIGI(the leg breaker)WONG out to collect?

    who does he go to first? osamabama, barnyard frankfooter, chris dudd? I hope he stays away from princesspool pelosi, he will head home as linguini(the broken legs and arms)wrong.

    any answers from ya'll????
  • DOOM AND GLOOM
    we are faced with doom and gloom until the 2010 elections then more until 2012. then after his reelection we will all happily march off the cliff into socialism.

    then the revolution starts. pick your side now and stock up on food, water, bullets and guts. it's going to be a long fight.
  • Jekyll Island Secret Meeting
    By the way, if you think I'm making it up about the meeting on Jekyll Island being in secrecy, here is a direct quote from Frank Vanderlip in The Saturday Evening Post:

    Frank Vanderlip - Saturday Evening Post – February 9, 1935
    “I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System. We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersey littoral of the Hudson where Senator Aldrich’s private car would be in readiness attached to the rear-end of a train to the south. Once aboard the private car we began to observe the taboo that had been fixed on last names. We addressed one another as Ben, Paul, Nelson and Abe. Davison and I adopted even deeper disguises abandoning our first names. On the theory that we were always right, he became Wilbur and I became Orville after those two aviation pioneers the Wright Brothers. The servants and train crew may have known the identities of one or two of us, but they did not know all and it was the names of all printed together that would’ve made our mysterious journey significant in Washington, in Wall Street, even in London. Discovery we knew simply must not happen.”

    Sound fishy? Well, to further the scam on America, Senator Nelson Aldrich who attended the meeting and helped write the bill took it back to Washington and CAMPAIGNED AGAINST IT. Yes, that's right. It was revealed later (and also in my last post) that he was tied to the Rockefellers. Everyone knew that at the time. So, it was a stategic move, because people would think, "Hmmm, if a guy who favors bankers is against a banking bill, it must be a good bill, so we should pass it." Pretty sneaky on these twits.
  • Re: can't help but notice that the Seal.. has an eagle sitting on what looks like a bundle of sticks....
    Sorry, my mistake – that seal is for the Federal reserve and clearly isn't a 'New Entity'

    But the comment still holds true – that does look like fasio
  • HR1207 (Joyce and Red Leader)
    That is a fact about The Federal Reserve System being a private company. The U.S. 9th Circuit Court of Appeals ruled, in Lewis v. United States (1982), that the Federal Reserve System is a private company, owned and controlled by a board of bankers, and is not part of the U.S. Government.

    An interesting little history fact is, the Federal Reserve System was hatched out on Jekyll Island out of total secrecy and wasn't revealed who was in attendence at this meeting for almost 15 years after it passed. Who attended?? Well, here they are:

    Senator Nelson Aldrich – Whip of the Senate & Chairman of the National Monetary Committee. Close business associate of J.P. Morgan. Father-in-law of John D. Rockefeller, Jr. and eventually the grandfather of Nelson Rockefeller, our former Vice President.

    Abraham Andrew – Assistant Secretary of the Treasury

    Paul Warburg – He was most important, because he knew the banking dealings in Europe. He was a partner in Kuhn, Loeb, & Company and a Representative of the Rothschild banking dynasty in England and France where he maintained very close working relationships throughout his entire career with his brother, Max Warburg, who was the head of the Warburg banking consortium in Germany and the Netherlands.

    Frank Vanderlip –He was the President of the National City Bank of New York which was the largest of all of the banks in America representing the financial interests of William Rockefeller and the international investment firm of Kuhn, Loeb & Company.

    Charles Norton – President of the First National Bank of New York

    Benjamin Strong – Head of J.P. Morgan’s Bankers Trust Company & would eventually become the first head of the Federal Reserve System.

    Henry Davison – Senior Partner of J.P. Morgan Co.

    They named themselves "The Federal Reserve System", but are no more part of the Federal Government, than Federal Express.
  • I can't help but notice that the Seal for the new entity has an eagle sitting on what looks like a bundle of sticks – a fascio perhaps?
    For reference: The entry for fascism for the Merriam-Webster online Dictionary.

    fas·cism
    Etymology:
    Italian fascismo, from fascio bundle, fasces, group, from Latin fascis bundle & fasces fasces
    Date:
    1921

    1.often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
    2: a tendency toward or actual exercise of strong autocratic or dictatorial control
  • Matt
    I don't think they would use nuclear, fallout would affect their well behaved states but they would definitely call on their troops. Now, would those troops all follow orders?

    This group says no:

    http://oath-keepers.blogspot.com/
  • The FED
    Neal, you and Hannity and everyone else spoke out against Ron Paul who was the closest person running for President to resemble what the Constitution stands for.
    You went against him because of his stance on national security and foreign policy but this view you have is beyond short sighted.
    What good is our foreign policy and national security when the FED and our very own politicians bankrupt our government and destroy our economy?
    You have to have a country first before you have a foreign policy.
    I think all the talking heads should be apologizing to Dr. Paul and wise up and get with the program.
  • HR1207
    I've been bugging John Barrow to sign! 143 WOOHOO! We have to have 2/3 right?

    At the very least folks, the $450million buyout will eliminate the $413BILLION interest payment each year. That's just to start.

    And let's make sure that Washington does not think they can use that interest savings as a slush fund... just like Geithner is doing with the repaid TARP funds.
  • Matt...
    You hit on something very interesting and I believe very significant....Is the United States military prepared to use weapons against its own civilians.... if indeed they decide to rebel against an out of control Federal Government?
  • Liberal Hater...
    You're dead on, and I completely forgot the private company aspect. Readers what happens if we form a private company and started printing money on our own? What would we be called and what would law enforcement do to us? Why would the Federal Reserve not be treated in accordance if they are indeed a private company?
  • NWO = Bilderburg Group
    Bilderburg is on the move!! I'm telling you, we are in some serious trouble here....
  • The USA is over
    Ivan below is absolutely correct. This is the death knell thay will bring everyone under the control of the government in every way. I believe that the final hope will be a group of states that will secede from this Facist Federal Government. I don't think that will last long though. I would not put it past the current administration to use nuclear weapons on rebelious states. The stupidity of the dumb masses boggles the mind. They will get more than they ever bargained for.
  • ivan and Big Africa are right
    and you people will call them conspiracy kooks.
    if you take off you state mandated blinders you will see that its even worse than you think. i guess that's why you'll keep them on.
  • Joyce and HR1207
    First of all, since my last post on Nealz Nuze, the House of Representatives have now picked up another 9 co-sponsors to HR1207 "The Federal Reserve Transparency Act" which would require an audit of this private company. That brings the co-sponsors now to 143 Representatives, some of whom are Democrats!! It is currently in Slobbering Barney's committee and we need to continue to write every one of them and tell them to send it to the floor for a vote. It is on on the verge of success!! Secondly, I think Joyce, that these kind of behaviors are only going to tick off the American People even more to wake up and see that it's time for some real change. Change We Can Believe In!!!

    By abolishing the Fed, we eliminate the debt. Remember from my last post, it will only cost us $450 Million to opt out of the contract with The Federal Reserve System and will restore us to coining money interest and debt free.
  • Just another step...
    towards the New World Order. It is coming. George Bush Sr. wasn't kidding when he announced the NWO. He told us exactly what they were planning. The Bilderberg group has a meeting in 3 days in Greece where they will make the final adjustments to their plan for the United States and the rest of the world. They created the European Union and they fully plan on taking things to the next level. Bilderberg planned the creation of the European Union back in 1955. Who knows how long our demise has been planned? They have finally beaten us down to the point where we will soon be begging for the NWO. Once more people become destitute and the big companies and banks start going under left and right the masses will start to understand what is going on. The only problem is that the government educated masses will have no clue how to react. In the chaos the powers that be will offer us a way out. They will offer us a totalitarian socialistic system. They will introduce us to the RFID chip and the grid. They will literally track everywhere you go and they will use the chip to invade your privacy on a whole new level. Ever wonder why they are pushing this universal health care so hard? They want to chip us. We will pay brand new taxes never before seen including the fascist carbon tax. The Federal Reserve and the IMF will be in charge. The Congress has already passed laws giving the Fed 100% control over Internet traffic and content. Throw the fairness doctrine in there and then Fed now can tell you what you can and cannot say. We have ourselves to blame. Noone has what it takes to stand up to these powerful entities. When will we say enough is enough?
  • Curious, what businesses are considered too big to fail? Are non-union businesses included? Would Obama and co., bailout Wal-Mart or McDonalds or any other non-union, big companies?
  • typo
    got a typo neal.

    privately owned but govt CONTROLLED = fascism.

    with that typo fixed.. you're totally correct.

    its amazing.. it just boggles my mind day after day after 8 years of the left using the F word when describing bush.. champion and cheer obama on as he practices the same tactics that brought hitler's fascist state to power in germany.

    Obamas wrong.. we dont need more math and science in schools we need HISTORY AND ECONOMICS.

    the united states born 7/4/1776 died 1/20/2009. RIP.
  • To Big To Fail
    I was reading this and when I got to Barney Frank's name i started a stabing headache... This is a precursor to bigger and wider failure... They are all FASCISTS. Do we have anyone on the HILL with guts to stop this? No, they're all wimps, Dems and Reps. The Big "O" hasn't been in office 6months and the destruction of our country has started. As my late mother would say, VOTE against all that are in office now. THROW THE BUMS OUT!!!
  • 2 big 2 fail
    If a company gets to be "too big to fail," Gov't could mandate their CEO's and Boards of Directors become personally liable for company obligations unless they voluntarily break themselves up.

    The supercop approach just means political constituencies have a voice in the operations of private business. Not good.
  • audit the Fed...
    Yes Joyce this kind of thing is exactly why the Fed needs to by audited so we can find out what is going on. Unfortunately though the Wall Street bailout out bill that Bush, Obama and Mccain signed actually gives the Fed the authority to do this sort of thing, and without oversight from any court. Bush and Obama are building a fascist dicatatorship right under our noses. I would say we need legislation reversal but its past that, I think it can only be defeated by abolishing the Federal Reserve by slowly phasing it out. We need competing currencies also so we can phase out the federal reserve's monopoly money dollar and replace it with something that is actually backed by a commodity and not thin air.
  • And the nightmare gets worse
    Are you F*ing kidding me? Barney Frank didn't know there was a prostitution operation in his basement and thought Fannie and Freddie were just fine when Republicans tried to reign in the upcoming crash that caused the mess we're in now. WTF does he know about anything?
  • what about the federal government??
    If the Obama administration feels there are companies too big for failing and need government oversight, my question would be who is to provide oversight for the federal government, since it has grown by leaps and bounds with spending way out of control and don't understand the concept of a budget? I think the fed should fix itself before thinking of fixing others.
  • sounds like Bush....
    ...really it does. USSA here we come... anybody regret not voting for Ron Paul yet (Neal?) Paul's been talking about this type of thing and talking about avoiding it since the 70's.... so why'd you throw Ron Paul under the bus in favor of someone who is pretty in love with govt expansion the way Chairman Teleprompter is? (Mccain) Why on earth would complain now Neal when you had the chance to promote and back a man who recognized this threat early and was prepared to fight it? No you and many others can't really complain. You understand that the Fed now has EVERY right now to do this because of legislation signed by Bush and Mccain? This authority was built into the very first bailout bill.
  • Wanna hear from HR1207 supporters
    How will this effect the audit bill and long term plans to abolish the Fed?
send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
advertisement