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Another Socialist Government Agency Created in Washington, D.C.

Snippets from the linked articles are being used in the following summary under the Fair Use Clause of the U.S. Copyright Act, Title 17, Section 107.


Would you be shocked if the politicians in Washington, D.C. created a new all-powerful Executive Branch agency, with

- an unlimited budget
- no oversight from Congress
- the power to subpoena any organization or company for any and all information
- the power to create new taxes
- funded, thus controlled, not by the Government, but the Federal Reserve

Well, as a result of the Dodd-Frank Act, signed into law by Obama two years ago, The Office of Financial Research, or OFR, is starting operations. Many are speaking of this in Orwellian terms, but a much better analogy are the centralized ministries of industry under the USSR, where all planning, decision-making, and risk management was done in Moscow.

This is another 'trust us' power
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Added: Apr-20-2012 Occurred On: Apr-20-2012
By: joe prole
In:
Regional News, Politics
Tags: Unlimited government, New agency, Socialism in the United States
Location: Washington, District of Columbia, United States (load item map)
Views: 947 | Comments: 26 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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