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<p>[QUOTE=&quot;fatima, post: 1433492, member: 22143&quot;]I never said they had the power to pass laws.&nbsp; Go look up the definition of the word regulation.&nbsp; It doesn&#039;t mean law enforcement either.&nbsp; Every bank has to join the Federal Reserve by law and yet the rules for membership are those of the Federal Reserve and are not subject to review by congress or anyone else.&nbsp;&nbsp; The TBTF banks could have never enabled the real estate disaster without direct support of the Federal Reserve.&nbsp; </p><p><br /></p><p>If you think I am a piece of work, that is your issue as it has nothing to do with the discussion.&nbsp;&nbsp; It is you who claims the Federal Reserve is doing a fine job, so be it.&nbsp; BTW, I didn&#039;t say the US President bailed out the central bank which you shifted this discussion to.&nbsp; I said the President asked that the central banking <u>system[/s] be bailed out.&nbsp;&nbsp; Next time try to get the context.</u>[/QUOTE]</p><p><br /></p>

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