I noted that from President Obama’s big speech to Congress last week, and in public statements before and since, there has been great empathy with the financial crisis and the effect it is having on the American people. He is a skilled orator. I believe he is sincere.
He has addressed what he would like to do regarding government, large businesses, small businesses, and individuals. Many approve of his efforts (I’m not one of them as you might guess).
Blatantly absent from these discussions is any honest mention of the role of the Federal Reserve in causing this financial crisis, nor any honest attempt to investigate and/or more closely regulate this body.
I find myself hoping his emphasis on government transparency is sincere. I find myself wishing such would extend to the Federal Reserve.