Reform the Fed by stripping away their purse

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Since the beginning of the sub-prime housing implosion, the Bush Administration has staunchly re-assured us that everything is OK. Indeed, a year ago at the White House President Bush, Treasury Secretary Paulson, Fed Chief Ben Bernanke, and Commerce Secretary  Carlos Guitierrez all reassured us that this housing glitch was no problem and in any case only a minuscule part of […]

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