The cloak-and-dagger Fed

posted by
June 20, 2011
by Matthew Melchiorre  
Posted in Commentary

"Wiretaps, surveillance, and searches of private property cannot be authorized and executed without a warrant issued by a judge, who (hopefully) maintains the commitment to privacy enshrined in the Constitution under the fourth amendment. However, the Federal Reserve has essentially assumed plenary power for authorizing and executing these privileges against Wall Street banks by means of its almost 2,000 undercover federal regulators who monitor everything from employee lunch conversation to 'financial performance,' hoping to catch banks slipping up in regards to regulations and working to provide inside information to federal regulators about the inner workers of these financial firms." (06/20/11)  


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