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To: bentway who wrote (239186)2/24/2010 9:06:49 AM
From: joseffyRespond to of 306849
 
Tell us all about what the NY Fed UNDER GEITHNER did for Goldman Sachs.



To: bentway who wrote (239186)2/24/2010 9:48:06 AM
From: stockman_scottRespond to of 306849
 
Bullish a Year Ago, Robert Prechter Now Sees "the Biggest Bubble in History"

finance.yahoo.com



To: bentway who wrote (239186)2/24/2010 10:54:11 AM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
I don't understand why you posted that as a reply to me. It doesn't in any way contradict what I said, which is the little known truth of the matter. The Fed is PRIVATELY owned and run independently of the government. The government cannot tell the Fed what to do.

I learned this here about six months ago, one of the most valuable pieces of knowledge that I have picked up here. It astounded me and I actually had to look into it to verify. It is true.



To: bentway who wrote (239186)2/24/2010 10:51:44 PM
From: Secret_Agent_ManRespond to of 306849
 

Duties & Functions of the U.S. Department of the Treasury
Mission

Serve the American people and strengthen national security by managing the U.S. Government's finances effectively, promoting economic growth and stability, and ensuring the safety, soundness, and security of the U.S. and international financial systems.

The Department of the Treasury's mission highlights its role as the steward of U.S. economic and financial systems, and as an influential participant in the global economy.

The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.
Organization

The Department of the Treasury is organized into two major components the Departmental offices and the operating bureaus. The Departmental Offices are primarily responsible for the formulation of policy and management of the Department as a whole, while the operating bureaus carry out the specific operations assigned to the Department. Our bureaus make up 98% of the Treasury work force. The basic functions of the Department of the Treasury include:

* Managing Federal finances;
* Collecting taxes, duties and monies paid to and due to the U.S. and paying all bills of the U.S.;
* Currency and coinage;
* Managing Government accounts and the public debt;
* Supervising national banks and thrift institutions;
* Advising on domestic and international financial, monetary, economic, trade and tax policy;
* Enforcing Federal finance and tax laws;
* Investigating and prosecuting tax evaders, counterfeiters, and forgers.

For more information on the Department of Treasury's organization, officials, goals, and mission, visit:

ustreas.gov


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