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lquadland10 (< 20)

Educate Me Fools.

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March 17, 2011 – Comments (6) | RELATED TICKERS: AUY , SVL , GLD

I just heard a comment that Treasury tells the Fed what to do. If this statement is true then is Genightner telling ben to keep the rates at 0? If the comment is true then when we focus on the Fed and all the QE's are really Tim telling Ben to do that? IF the statement is true then are we to focused on the the Fed and we should begin the letters sent to fed now go to Treasury? Educate me Fools please.

6 Comments – Post Your Own

#1) On March 17, 2011 at 1:25 PM, chk999 (99.97) wrote:

Here's a primer. There will be a quiz.

http://en.wikipedia.org/wiki/Federal_Reserve 

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#2) On March 17, 2011 at 2:37 PM, SockMarket (42.07) wrote:

not true. not since 1951 at least.

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#3) On March 17, 2011 at 2:46 PM, lquadland10 (< 20) wrote:

got it and thank you

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#4) On March 17, 2011 at 2:48 PM, Melaschasm (57.08) wrote:

The treasury and the Fed often work together, much like the republicans and democrats often work together...

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#5) On March 17, 2011 at 3:47 PM, caterpillar10 wrote:

Treasury is cabinet which serves @ the pleasure of the president. Fed is appointed but can't be fired until term is up so is independant of executive branch until it isn't. It was not an accurate statement. Another good reference is the Time magazine Bernanke - Man of the Year issue, good description of Fed w/ lots of graphics:) 

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#6) On March 17, 2011 at 4:19 PM, lquadland10 (< 20) wrote:

Thank you. A false statement kinda that the man issued.

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