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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: RetiredNow who wrote (55124)11/11/2008 7:37:21 AM
From: lorne3 Recommendations  Read Replies (2) of 224652
 
mindmeld...."What the F__! Here's more raping of the US Treasury. If Republicans ever want to get my vote back, they better get control of this shit. It literally makes me ill.".....

The article appeared to be about the Federal reserve and not about the US treasury. The Fed I understood as being a semi private organization.

Aldrich fought for a private bank with little government influence, but conceded that the government should be represented on the Board of Directors. Most Republicans favored the Aldrich Plan,[5] but it lacked enough support in the bipartisan Congress to pass.[6] Progressive Democrats instead favored a reserve system owned and operated by the government and out of control of the "money trust", ending Wall Street's control of American currency supply.[5] Conservative Democrats fought for a privately owned, yet decentralized, reserve system, which would still be free of Wall Street's control.[5] The Federal Reserve Act passed Congress in late 1913 on a mostly partisan basis, with most Democrats in support and most Republicans against it.[7]
en.wikipedia.org

As an independent institution, the Federal Reserve has the authority to act on its own without prior approval from Congress or the President.
en.wikipedia.org
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