(Editor’s Note: Please open this post in it’s entirety to see the Scribd Doc and the images that pertain to the Office Of Financial Research.)
Sometimes I just feel the need to send a nasty email to Beck to ask him why HE LEAVES IMPORTANT DATA OUT of his segments. Today, he was covering the Frankendodd Financial Reform bill and he left out what I consider to be a very important piece of the puzzle; the Office Of Financial Research (page 65 to 82 of Scribd doc below). This new government agency has a reported $500 Billion dollar a year budget, reports to Congress on the financial health of companies in America by collecting every single bit of data that they can get their paws on. Not only do they report on companies, but they get to use appropriated and assessed funds that are not needed to invest in companies (financial?)… wait…it gets better…and then the profits are ‘not considered government funds’. How THE FRAK DOES THAT WORK? Does that not sound like insider trading to you, or at least a very big conflict of interest?
Part 2, this bill does not include Fannie and Freddie:
Part 3, Cass Sunstein and the resurrection of Wilson and the propagandists:
…and they plan on having a fellowship program to teach more people to do what they are doing.