Thursday, June 16, 2011

Steve Peters Commentary - #2995 - 'Brother, Can You Spare a Regulation? - Rasmussen Reports (2) House Panel Slams 'Fast and Furious' Gun Operations Tie to Border Agent's Death - Fox (3) "Operation Fast and Furious" House Oversight Committee Hearings Begin - The Radio Patriot

Last week, in a much-discussed, open, live, televised forum, Jamie Dimon, the CEO of JPMorgan Chase, asked Federal Reserve Chairman Ben Bernanke the $64 trillion question. While most commentators focused on the apt question, it was Bernanke's answer that shocked me when I heard it -- and ought to shock the nation much more than it so far has.  Question: "Now we're told there are going to be even higher capital requirements, and we know there are 300 (financial regulatory) rules coming, has anyone bothered to study the cumulative effect of these things? And do you have a fear -- like I do -- that when we look back and look at them all that they will be the reason that it took so long for our banks, our credit, our businesses and most importantly, our job creation, to start going again? Is this holding us back at this point?"  Answer: "Nobody has looked at it in all detail, but we certainly are trying, as in each part to develop a system that is coherent and that is consistent with banks performing their vital social function in terms of extending credit."  Read more.......

House Panel Slams 'Fast and Furious' Gun Operation Tied to Border Agent's Death - Fox - A U.S. law enforcement operation intended to crack down on major weapons traffickers on the Southwest border spiraled out of control as federal agents were told by superiors to "stand down" and ignore weapons bought in Arizona headed for Mexico, a House panel heard Wednesday.  Three federal firearms investigators told the House Oversight and Government Reform committee that they wanted to "intervene and interdict" loads of guns, but were repeatedly ordered to step aside. "Allowing loads of weapons that we knew to be destined for criminals -- this was the plan," John Dodson, a Bureau of Alcohol, Tobacco, Firearms and Explosives agent, testified to the panel. "It was so mandated."  He added: "My supervisors directed me and my colleagues not to make any stop or arrest, but rather, to keep the straw purchaser under surveillance while allowing the guns to walk." Read more........

"Operation Fast and Furious" House Oversight Committee Hearings Begin - The Radio Patriot - On Tuesday night David Codrea and Mike Vanderbeogh spent the evening with us on my radio program, detailing the facts surrounding “Operation Fast & Furious”, the illegal project undertaken by the Alcohol, Tobacco, and Firearms agency under the auspices of the Department of Justice.  Congressional House Oversight Committee hearings investigating the criminal activity by a government agency will begin Wednesday and will be broadcast on CSpan 3.  During the program, Vanderbeogh received a report from Rep. Darrell Issa’s office. He shared the report’s highlights and after the program, posted it at his site Sipsey Street Irregulars. I’m reprinting it here. For more information, head over. There’s plenty.  Read more.......
SP: Liberals are concerned with normal citizens arming themselves as guaranteed under our Constitution, but seem to forget, the Founding Fathers thought it was necessary to keep the Federal Government from stepping to far out of line.

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