It is ironic that Gary Ackerman waxes dramatic about his “anger” at the failure of government (Gary Ackerman) to protect the American public from the results of Gary Ackerman’s policies. After all, it was the Congress that forced bankers to lend to anyone with the semblance of a pulse. It was Congress that made sure that the taxpayer, via Fannie Mae, Freddie Mac, and FHA, was the ultimate guarantor (a.k.a sucker) for the three card monte system created by Congress and their pimps on Wall Street. Unknown to Gary Ackerman, but increasingly known by most of us is the fact that government is not the solution, but in fact is the problem. It was the Congress that gave unconstitutional authority to a private corporation called the Federal Reserve to print money into infinity, thereby reducing the purchasing power of the dollar by 95% since the inception of the Federal Reserve. It is the Federal Reserve that acts more like the Polit buro in the Soviet Union dictating the price of money and blowing up one asset bubble after another leading to one bust after another. Who appointed these unelected ascended masters on the Federal Open Market Committee to dictate economic policy in a way that would make former KGB head Putin blush?Mind you, this is the same government that “regulated” Bernie Madoff despite being informed by a private citizen many years ago that Madoff was running a Ponzi scheme. Unfortunately, Ponzi schemes do not concern government since it is the U.S government itself which is running the biggest Ponzi scheme in the world from budget fraud to a bankrupt social security system.Not only does the new financial legislation touted by Ackerman, fail to let the taxpayer off the hook, but it actually ensures that the biggest banks are to be perpetually bailed out by guess who. Yes, Ackerman is indeed on the job doing a grand imitation of the fox guarding the hen house.

























