This possibility is a switch. Until very recently this particular reform has been stuck in Congressional mud with little hope of passage. But, the Cryptocracy desire to put the Fed (which they own) in charge of regulating large banks and others is very high on their priority list. A case can even be made that the Cryptocracy brought on the economic crisis just to accomplish this reform.
And so, in the last few weeks pressure (in all its manifestations) has been brought
to bear on Christopher Dodd, chairman of Senate Banking Committee, and on all his fellow committee cronies.
When the Cryptocracy really wants something, they will pull all the strings to achieve it. And so they have.
How craven these Senate toadies can become was illustrated in the WSJ by a participant in the negotiations, "All eight of us said it is unthinkable [!] to have the central bank of the United States not have supervisory authority over the financial industry..."
The most surprising aspect of this development is the silence of the critics. Those voices who have been criticizing the Fed and calling for an audit, have been completely silent on this regulatory change. And yet this change has a significance that is almost beyond measure for the economy and the American public.
The Fed in charge of regulating the financial industry means that the private owners of the banks that own the Fed will be in control of the nation's economy. The Cryptocracy already mostly directs and manipulates the economy thru the Fed and other devices, but this change would institutionalize private control and supervision. It means handing over the economy to these ghouls who will plunder anything and everything to grab the nation's wealth.
If history is any indication, when the Cryptocracy has exclusive control of something, bad things happen.
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