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Have Questions About The Fed? Fear Not: Senator Kay Hagan Has Answers-A-Plenty
If after reading the two previous posts on the Federal Reserve as saviour of the western world and the Federal Reserve as responsible Central Bank willing to accept bankrupt equities as collateral in its discount window, left your with any unanswered questions, fear not for there is light at the end of the tunnel, and it is called Kay Hagan, Democratic Senator from North Carolina. Senator Hagan believes S 604/HR 1207 is unnecessary: you see the "immediate and broad disclosure that S. 604/HR 1207 would require, could disrupt the financial markets, and jeopardize our country's international finance relationships." Which presumably means that Senator Hagan grasps, comprehends and can explain in simple English such things as $600 billion worth of liquidity swap lines to foreign Central Banks, and the need for those. Additionally, she is aware that the Fed's discount window on occasion holds stocks of bankrupt companies as collateral. Not only that, but it is likely the case that professing a deep understanding of the functions of the Federal Reserve, Senator Hagan is willing to stake her political career and the well-being of her children in guaranteeing that the kind of systematic interference that the Fed has perpetrated via a $6.5 trillion dollar funding gap at foreign CBs is not only tolerable, but in fact beneficial for the US economy, and that a result of the dollar printer's constant and aggressive intervention in global and domestic monetary policy, the likelihood of major risk flaring episodes occurring in the future is zero.
After all, without definitive answers to these questions what naive and gullible Fed marionette would be willing to go to the public, defending legislation to perpetuate the opacity of the actions of the Federal Reserve, and in fact become a proxy for the anger of whatever is left of America's 150 million strong (and declining) middle class for if and when the entire situation disintegrates (which, based on simple physics, it will).
Which is why we solicit all our readers to contact Senator Hagan with a clear list of questions vis-a-vis the Federal Reserve (and if you have a problem coming up with some, feel free to copy some from Alan Grayson's key five information requests to be answered before Bernanke is reconfirmed). Senator Hagan may be reached at 1-877-852-9462. Once she gets back to you with answers, please forward those on to us so we may immediately publish them for broad consumption as many do not share Ms. Hagan's level of insight and moral certitude in the actions of the Federal Reserve.
Letter sent out earlier today by Senator Hagan slamming the Federal Reserve Sunshine Act:

October 19, 2009
Dear Friend,
Thank you for your message expressing support for the Federal Reserve Sunshine Act. I appreciate hearing your thoughts on this important issue. I apologize for my delayed response.
The Federal Reserve Sunshine Act (S. 604 / H.R. 1207) was introduced in the Senate on March 16, 2009, and in the House of Representatives on February 26, 2009. The Senate bill was referred to the Committee on Banking, Housing, and Urban Affairs and the House bill was referred to the Committee on Financial Services. Both bills reform the manner in which the Board of Governors of the Federal Reserve System is audited by the General Accountability Office (GAO) and the manner in which such audits are reported.
Under the Federal Banking Agency Audit Act (PL 95-320), the GAO has the authority to conduct financial and performance audits of the Board of Governors, and the Federal Reserve banks and branches. However, such audits are limited, as the law stipulates that monetary policy operations, foreign transactions, and the Federal Open Market Committee operations are excluded from the scope of the GAO audits. The Federal Reserve Sunshine Act seeks to expand the GAO's authority by removing these limitations.
As the Federal Reserve Sunshine Act is currently written, I am opposed to the legislation. Under common usage of the term audit -- an examination of accounts and records -- there is already a 100 percent audit of the Federal Reserve. Furthermore, Congress already reviews semi-annual reports on monetary policy submitted by the Board of Governors as required under the Full Employment and Balanced Growth Act (PL 95-523).
When Congress passed the Federal Banking Agency Audit Act in 1978, the legislation attempted to balance the need for public accountability of the Federal Reserve with the need to insulate the Reserve's monetary policy function from political pressures. I believe this balance must be maintained going forward.
The formulation of monetary policy is a decision-making process that involves information gathering from a host of foreign governments and central banks. The information provided from those exchanges is critical and extremely sensitive. The immediate and broad disclosure that S. 604 would require could disrupt the financial markets, and jeopardize our country's international finance relationships. Ultimately, it would be taxpayers who would bear the brunt of any losses resulting from policies caused by untimely disclosure of sensitive information. Because of this, I do not believe the benefits of legislation like the Federal Reserve Sunshine Act outweigh the costs.
Again, thank you for contacting my office. It is truly an honor to represent North Carolina in the United States Senate, and I hope you will not hesitate to contact me in the future should you have any further questions or concerns.
Sincerely,
Kay R. Hagan
United States Senator, North Carolina
Please do not reply to this email. Instead, if you have further questions, please visit www.hagan.senate.gov and fill out my web form for your inquiry. Thank you.
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This came up as a headline on CNBC Asia:
California Attorney General to Announce Fraud Charges Against Major Bank (or something close to that)
Verified anywhere else yet? I find nothing on news search.
In North Carolina, Richard Burr runs in 2010.
probably death valley savings and loan....it will
be hailed as a great victory then everyone
will be carted off to concentration camps for
causing a commotion...
California launching fraud suit against major bankBy: Reuters | 19 Oct 2009 | 08:12 PM ET Text Size SAN FRANCISCO - California Attorney General Jerry Brown's office said on Monday it would unveil a lawsuit against a major bank for committing fraud against the state's Calpers and Calstrs retirement systems, two of the nation's largest pension funds.
The lawsuit will seek to recover nearly $200 million in illegal overcharges and penalties, Brown's office said in a statement.
A spokesman for Brown said details of the lawsuit would be disclosed on Tuesday morning.
Representatives of Calpers, the California Public Employees' Retirement System, and Calstrs, the California State Teachers' Retirement System, were not immediately available for comment.
G - here it is: http://www.reuters.com/article/marketsNews/idUSN1937789820091020
Thanks guys. Had a thought to research who this is going to be tomorrow morning, but got sidetracked.
And very glad to see that Enkidu was one to retrieve it!
$200 million? pleeaase, that's two days of trading profits for the squid.
That hack.The choice was her or Elizabeth Dole....either way a major FAIL.
Time to find someone ethical to run against her...which given elections in NC will be no mean feat!!!
When is this bitch up for re-election? I will turn some of my gold into fiatcos to give to her opponent.
I have already maxed out my contribution to Schiff (including the wife's share, out of my account of course).
Ghost, she is a freshman.. 2014
She's a Crimanole, F.S.U. alum for those outside the Atlantic Coast Conference. A former executive of N.C.N.B. now Bank of America. Stuck with this loser for 6 more years.
One more fine example of the total lack of credible knowledge contained within the American political structure concerning our economy, central bank and their relationship to the global economy.
The sad part is that the other 99 ain't much brighter
You mean like Obama?
www.JoeSixPack.me/orig_letter.html
I mean like ivory pure sure of the whole mess. It matters not the party, the action remains the same with the exception of which crumbs are discussed and tossed around for the folk to fight over ad nauseum. Feed the beast and destroy all else in the process and when it crashes blame the folk for demanding transparency or being too weak to carry a system that is designed to fail.
The meaning of this could be that we are far beyond saving the system and so we are only on a glide path of pretend and extend (if she was even privy to this info)- it is possible that it would just expedite our decent into the great depression II which might not have an exit.
Well, if this is the case then we should just nationalize the Fed and the TBTF's, if there is hope to save the system we should audit the Fed. It has become clear that the robber barrons are stealing everything not nailed down as if they know it is near the end as well. It is also clear that those close to the money printers are doing just fine (what is the lowest common denominator - most can't answer this) and with the monopoly paper money (despite being technically bankrupt) they are buying up all the real assets in the country.
Kay, buy back your freedom from your slave lords that purchased you - work with Obama to declare an emancipation proclamation by taking over the banks and restoring your freedom and your children's freedom. If you do not reverse course, your children will wake-up homeless on the continent their fathers conquered. Thomas Jefferson was talking prophetically about the Fed:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson
You have now been identified as a public enemy. Are the bankers mothers better than your mother, my mother, the ZeroHedge bloggers mothers, and the rest of the mothers of the remaining United States?
Also love to read comments from elected officials after they see what has been done.
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." -- John Danforth (R-Mo)
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it." -- Congressman Louis T. McFadden in 1932 (Rep. Pa)
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers." -- Congressman Louis T. McFadden (Rep. Pa)
"Some [Most] people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers." -- Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932
"The Federal Reserve bank buys government bonds without one penny..." -- Congressman Wright Patman, Congressional Record, Sept 30, 1941
Some saw it coming:
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." -- Charles A. Lindbergh, Sr. , 1913
"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923
And the ultimate mea culpa:
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world-- no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." -- President Woodrow Wilson
www.RevokeTheFed.comMarch 2008
WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";
WHEREAS, on December 23rd, 1913 the US Congress enacted the Federal Reserve System;
WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;
WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;
WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;
WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;
WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;
WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;
WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);
WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;
WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;
WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;
WHEREAS, it is recognized that the current time is such a time of great difficulty;
WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;
WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;
WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;
WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;
IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;
WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.
NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.
IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;
FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;
WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.
SO HELP US GOD!
Thank you Gilgamesh!
+1 AN
Dear Senator Hagan,
How much did Bank of America contribute to your political war chest and why did it cause you to turn into a spineless bitch?
Exactly, this is no coincidence that BofA happens to call NC home... and the oligarchy becomes more apparent.
Don't forget about lovee's husband chip Hagan III who has plaaeenty of business interests.
She's not stupid. She's spewing Federal Reserve propaganda. The real battle to audit the Fed is now in the Senate.
as i predicted when audit fever was at a pitch over hr 1207 the senate would kill the legislation.....as a perfect cia-op the plan was to throw a bone to the sheeple (hr 1207) and then kill it in the senate.....give the kids something to get excited about then pour arsenic in the kool aid to see how bouncy they are after a sip or two....
the slut is a bought and paid for whore of the rockefeller cabal.....north carolina is strong vanderbilt and bankster country - basically a colony of new york....
everyone needs to remove his money from bank of america.....the sooner the better..
This chick has stones to say "Ultimately, it would be taxpayers who would bear the brunt of any losses resulting from policies caused by untimely disclosure of sensitive information".
As opposed to the cost to the American taxpayer for trillions in "redistribution of wealth" payments to banks, car companies, 1st time home buyers, and the collapse of the dollar?
I think I'd rather take the hit and KNOW what shenanigans the FED was up to, and sue or prosecute the shit out of anyone who acted contrary to the interests of the country and US taxpayers.
We need to CTRL-ALT-DLT all these numbnuts.
Oye!
Under common usage of the term audit -- an examination of accounts and records -- there is already a 100 percent audit of the Federal Reserve.
100 percent of what? Of the parts we are allowed to see? Very reassuring. Clearly someone wrote this for here. Probably a standard handout as part of the Fed's "Congressional propaganda relief package of 2009" they passed to help themselves forgive and forget.
Some Anon wrote a very similar comment to that over the weekend in one of the threads. Thought it smelled fishy.
The heat is on; someone is getting uncomfortably warm.
you are focusing on the wrong word....you need
to parse is....once you have divined its meaning
then the universe is in the palm of your hands..
Usage is the tool of the slavemasters, in this universe.
She went cheap for BAC, $19K in contributions. However, $129K from securities and investment firms. Not that she sold her soul or anything, but if she did it went pretty damn cheap.
She just got into the Senate. She is eager to show her willingness to whomever pays the most. With her eagerness she might soon start pulling some serious donations from the big boys... GS and the club... Nothing will solve this!!! Time for radical actions, just like in the 1960s: "Up against the wall motherf*ckers!!!"
I just emailed the vile bitch...from her website
me too.
In other words....
We cannot afford to tell the truth today....
Let's wait till tomorrow....
while words are flying,and emotions flaring,does anybody here have a quantitative model of a Chinese currency floating?I would love to be able to draw a picture as to what happens to world finances,if China decided tomorrow to float its currency. And whether the FED would get what it is hoping for (trade balance),or It will be shocked to discover that the dollar will lose half its value over night,and it will have a hyperinflation instead.
I live in NC and just sent Kay a message via her website. Probably a total waste of time but I know a lot of people in this state and will work very hard against her campaign in the next election, I don't care who is running against her.
Can you provide a local number and zip code so it would appear to be from NC?
i just googled some random strip club and used that address.
lmao
Ditto. Fugging hilarious.
Hey, don't forget to write your own senators about this. When does S. 604 come up for a vote anyway?
when the books are cooked completely and all requisite shredding has been accomplished...
Me too, and I did the same. I told her to be prepared for anti rallies when she runs again. I will make it a priority to make sure she never gets elected again, no matter who she runs against.
I tried to call the number but it doesn't work from NY. I was ready to leave a detailed message. I'm going to have to find a local number that can access her. She needs thousands of calls, Zh'ers. We can do it. (EDIT) Forget it--I'll just jam her site. I've just contacted friends in Chapel Hill to get to work on it.
Here you go Phone: 202-224-6342
http://hagan.senate.gov/
I used the name and address of a prominent psychiatrist.
Other comical suggestions
The Biltmore Forest Country club
The Biltmore Estate
The hilarity of the vanderbilt connections should not be missed!
Delusional Hagan is on my list, I swear we have complete idiots running this country. I can qualify my charge, Feinstein, Boxer and Pelosi come from my state.
and then i have johnny "we need cash for
mortgages for everyone" issakson....
it is time for 3d party candidates folks....we
all should know that republicans and democrats
are different sides of the same rockefeller coin....
voting for one is the same as voting for the other....
the best vote is to close all accounts with the
large money center banks....
Under her ethics and accountability section I found this quote:
As a United States Senator, Senator Hagan will continue to fight to restore fiscal order to a federal government riddled with budget deficits, wasteful spending and tax loopholes. Senator Hagan has said, as Justice Brandeis once did, that sunlight is the greatest disinfectant to government activity,
I find it ironic that even the word "SUNLIGHT" is the same...
http://www.hagan.senate.gov/?p=priority&id=17
+1
The way I look at Congress anymore is just a front...almost a buffer to appease the American people by saying "we'll look into it," and nothing ever happens. They are just a conduit to spend money. It seems like there are plenty of good intentions floating around with no results. However, they yield tremendous power when they use their vote to strike down legislation that is helpful to the population.
http://www.charlotteobserver.com/business/story/1009026.html
Well, McClatchy's been sucking wind for a while but ain't that freaking convenient if soon enough they get rid of Rexrode and Rothacker...
one important aspect about the fed's provisions of bailouts is that they ultimately depend upon either currency depreciation or taxpayer support....in either case the taxpayer has been exposed in a material way to the obligations made by the fed on its behalf....thus the taxpayer should be able to sue for a full audit in order to understand the risk it carries consequent to being a material stakeholder in the enterprise of the fed....
even if legislation fails, legal action should also be taken....
When do we take our anger off the chat boards and onto the street? When do we turn words into action? Until we define that time and take that action, we are merely a bunch of pontificating fuckheads.
I can barely contain my anger any more. I'm pretty much fed up and I've had enough.
Now what?......
Here ya go,
"by Ivanovich
on Tue, 10/20/2009 - 06:14
#104202
I contacted her as a resident. I lambasted her lack of support for the bill and ended with "I will make it my mission in life that you are not re-elected to your position. I will tell everyone I know that you choose "central banks" over the people. I begin my mission, now.
"
OK ENOUGH IS ENOUGH!!!!
In response to the fed bailing out the world, i say, that is fine as long as we claw back all bonuses made by the firms that sold AAA garbage to people, institutions, and countries, and all profits made by the privately held federal reserve are clawed back immediately for the years since Glass-Steagall was revoked since this was more of a coup d'etat to use depositors money to gamble, then if all else failed call for a bailout!
Enough is enough!!!!! WE WANT OUR FUTURE BACK--FIRE THE PEOPLE WHO VOTED FOR THE LAWS THAT LEGALIZED THE CRIMINALITY THAT GAVE US THE TOOSACROSANCTTOFAIL AND THE TARP...KAY HAGAN IS NO PUBLIC SERVANT, SHE IS A SERVANT OF THE PRIVATELY HELD FEDERAL RESERVE MACHINE THAT BUYS MOST ELECTED OFFICIALS. WE HAVE TO AUDIT AND END THE FED, BUT FIRST, CLAW BACK THE ILL GOTTEN GAINS THAT THEY HAVE MADE BY RUNNING THE PRESIDENTS WORKING GROUP AND THE INSIDER TRADING AND FRONT RUNNING THAT CONSTANTLY HAS OCCURRED FOR YEARS.
Contacted Kay Through Her Website.I Used The Biltmore Estate Address And Phone Number.Urged Her That The Bank Of America/Merrill Lynch Merger Needs A Closer Look
I contacted her as a resident. I lambasted her lack of support for the bill and ended with "I will make it my mission in life that you are not re-elected to your position. I will tell everyone I know that you choose "central banks" over the people. I begin my mission, now.
Anyone know off hand who she runs against? I would like to tell her how I am supporting her opponents.
Tyler, would you mind posting a list of Senators who are up for reelection in 2010 who have not signed on to S604? Also, any more information about what needs to be done to get the legislation passed would be helpful (what committee it has to get out of, etc.). Contacting Hagen seems like a waste of time (I will do it, but I don't expect it to accomplish much). I am thinking that if enough presure is applied to the right Senators, not only will they support the bill, but they might reach out to their collegues.
Bernanke is porking her the get support.
Roice has seen lil' Ben (and i do mean lil)
trollydolly.us/wp-content/uploads/2009/06/small-penis.jpg
As a follow up to my previous post, I think zerohedge should think of ways to put pressure on Harry Reid to make sure that S604 gets passed in the Senate. I have already called him and told his staff that I would donate money to whomever runs against him should S604 fail to pass in the Senate. Another petition might be appropriate.
http://reid.senate.gov/contact/offices.cfm
Her main priority is pay-as-y-iou-go , she just got $1million earmark to study why one person needs 2000 calories/day compared to 4000. I'll tell ya for nothing...2000 cal = politician
4000 cal = taxpayer
"The immediate and broad disclosure that S. 604 would require could disrupt the financial markets, and jeopardize our country's international finance relationships. Ultimately, it would be taxpayers who would bear the brunt of any losses resulting from policies caused by untimely disclosure of sensitive information."
Dear Senator Hagan,
I am so grateful for selfless public officials such as yourself and am 100% in agreement with your above line of reasoning. Indeed:
God forbid that our actions have consequences.
God forbid the markets ever go down again.
God forbid that we have to take any more losses.
God save us from such wretched unthinkable horrors.
Thank God that we have in Washington such as you to so nobly stand up for us the taxpayers.
In case you didn't notice Senator Hagan I am being sarcastic.
With all due respect you can go fuck yourself. When finished then please tell your dear friends at the Federal Reserve to do the same.
Regards,
An American taxpayer
I'd like to forward her response to WalStreetPro2. Anyone on ZH staff have his email address?
who or what is walstreetpro2?
Other Contact Data For the NC Senator:
521 Dirksen Senate Office Building
Washington, DC 20510
Phone: 202-224-6342
Fax: 202-228-2563
Kay Hagan must thinkg John F. Kennedy is an idiot then. Since he signed the Peresidential decree Executive Order 11110, to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.
So, out of Kay Hagan and John F. Kennedy, who do I agree with more? Well that's a simple one. John of course.
Kay Hagan must be awful arrogant to think she is smarter than John F. Kennedy.
Thank you for posting this.
Senator Hagan is a joke. I received the exact same canned response to my first email to her. Needless to say, I'm a bit disappointed in her.
Thanks for pointing out the Bank of America link...I did not know that. It really explains why she is so willing to protect the Fed. I live in NC and will do my best to ensure she doesn't get re-elected.