Wednesday, January 27, 2010

Stephen Lynch Speaks For Me

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Congressman Stephen Lynch pile drives Tim Geithner through the mat and into the floor.






1) Send more Stephen Lynch.

2) Fire Geithner.

3) Fire Bernanke.

4) Hire Krugmen.

5) Maybe get your gutless, >corrupt< asses re-elected.




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Federal Reserve Act
Section 13. Powers of Federal Reserve Banks


Section 3. Discounts for Individuals, Partnerships, and Corporations - In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, by the affirmative vote of not less than five members, may authorize any Federal reserve bank, during such periods as the said board may determine, at rates established in accordance with the provisions of section 14, subdivision (d), of this Act, to discount for any individual, partnership, or corporation, notes, drafts, and bills of exchange when such notes, drafts, and bills of exchange are indorsed or otherwise secured to the satisfaction of the Federal Reserve bank: Provided, That before discounting any such note, draft, or bill of exchange for an individual, partnership, or corporation the Federal reserve bank shall obtain evidence that such individual, partnership, or corporation is unable to secure adequate credit accommodations from other banking institutions. All such discounts for individuals, partnerships, or corporations shall be subject to such limitations, restrictions, and regulations as the Board of Governors of the Federal Reserve System may prescribe.
[12 USC 343. As added by act of July 21, 1932 (47 Stat. 715); and amended by acts of Aug. 23, 1935 (49 Stat. 714) and Dec. 19, 1991 (105 Stat. 2386.]

http://www.federalreserve.gov/aboutthefed/fract.htm

1 comment:

Kevin said...

I agree with every word except "gutless."

"Corrupt."