News item that Ron Paul is introducing a bill for Congress to take over the Federal Reserve. He is a Republican but this idea is completely nuts. Congress can't even run programs that have been voted in right now. How can we trust the government to run the Treasury? Talk about the fox guarding the chicken house. Even though the Fed was run by incompetents (aka Bernanke, Greenspan) is no reason for Congress to take it over. Congress is the body that introduced the legislation that removed controls over our financial markets and the Fed went along with it.
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