<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: A Moral Mandate for Financial Reform</title>
	<atom:link href="http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/</link>
	<description>A Blog by Jim Wallis and Friends</description>
	<lastBuildDate>Sat, 20 Mar 2010 18:39:50 -0400</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: BarbaraAnnJackson</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-111927</link>
		<dc:creator>BarbaraAnnJackson</dc:creator>
		<pubDate>Sat, 17 Oct 2009 18:24:16 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-111927</guid>
		<description>Certain mortgage lenders have a practice of DELIBERATELY engaging an enormous amount of non-valid foreclosures! The recent ruling by Judge Long of Massachusetts against Wells Fargo is yet ANOTHER flag that proves authorities need to swiftly and thoroughly investigate foreclosure frauds that cause people to FALSELY lose ownership of their properties and be evicted.  These companies hire debt collector attorneys who deliberately file judicial foreclosures under names of defunct mortgage companies, or companies which do not own the promissory notes; and charge fees far beyond &quot;Acceleration Clauses,&quot; thereby making it impossible for borrowers to recover their properties or bring current the mortgage arrears. (I can prove this about Wells Fargo when the times comes.) &lt;br&gt;&lt;br&gt;In some instances, through use of a false mortgage holder’s name, the collection lawyer actually is the disguised foreclosing plaintiff who wounds up with ownership of foreclosed property.  Both colluding lawyers and mortgage companies benefit from this kind fraud as the collector lawyer acquires and FLIPS the property, the mortgage companies go on to file false IRS false form 1099-A’s to receive tax credits.  Also, for fraudulent foreclosures, the lawyers file falsified Bankruptcy Court “Lift Stay” motions; and carry out SIMULATED auctions.  For unscrupulous law firms, borrowers who become delinquent on payments are gold mines!   But debt from a mortgage loan is NOT the only debt collection abuse!!!  Too often rather than the agenda being repayment from the borrower, the goal is to rake in mega bucks from corporations that pay those legal tabs.  And worse, if a debtor protests unfair collection tactics, the consequences include horrific judicial persecution, blacklisting from employment and incredible invasion of privacy, and more!    *READ about fraudulent foreclosures, debt collection abuse, and judicial collusion:&lt;br&gt;&lt;br&gt;“Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners,”&lt;br&gt;&lt;a href=&quot;http://www.huffingtonpost.com/arianna-huffington/lack-of-legal-help-one-mo_b_310353.html&quot; rel=&quot;nofollow&quot;&gt;http://www.huffingtonpost.com/arianna-huffingto...&lt;/a&gt; &lt;br&gt;&lt;br&gt;Illegal Foreclosures &amp; Evictions, Appalling Lender / Lawyer Abuses, Impediments to Justice posted at: &lt;a href=&quot;http://newsblaze.com/story/20091011141440lawg.nb/topstory.html&quot; rel=&quot;nofollow&quot;&gt;http://newsblaze.com/story/20091011141440lawg.n...&lt;/a&gt; &lt;br&gt; &lt;br&gt;“Piling On: Borrowers Buried by Fees” by Gretchen Morgenson  &lt;a href=&quot;http://www.nytimes.com/2008/04/20/business/20gret.html?hp&quot; rel=&quot;nofollow&quot;&gt;http://www.nytimes.com/2008/04/20/business/20gr...&lt;/a&gt;&lt;br&gt;&lt;br&gt;“DEBTOR’S HELL”, a 4-part investigation by the Boston Globe &lt;a href=&quot;http://www.boston.com/news/specials/debt/&quot; rel=&quot;nofollow&quot;&gt;http://www.boston.com/news/specials/debt/&lt;/a&gt;&lt;br&gt;&lt;br&gt;&quot;IRS Tax Advocate Renews Criticism of Private Collectors&quot;&lt;br&gt;&lt;a href=&quot;http://&quot; rel=&quot;nofollow&quot;&gt;http://&lt;/a&gt; money.cnn.com/news/newsfeeds/articles/djf500/200803131508DOWJONE ..&lt;br&gt;&lt;br&gt;“State bar releases list of attorneys under investigation in connection with foreclosure crisis”  &lt;a href=&quot;http://lakeconews.com/content/view/10399/773/&quot; rel=&quot;nofollow&quot;&gt;http://lakeconews.com/content/view/10399/773/&lt;/a&gt; &lt;br&gt;&lt;br&gt;“Crisis, Lender Deceptions, Biased Courtrooms, Consumer Responsibility and Disadvantages”&lt;br&gt;&lt;a href=&quot;http://www.oprah.com/community/blogs/lawgrace/2009/10/13/foreclosure-crisis-lender-deceptions-biased-courtrooms-consumer-responsibility-and-disadvantages&quot; rel=&quot;nofollow&quot;&gt;http://www.oprah.com/community/blogs/lawgrace/2...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Certain mortgage lenders have a practice of DELIBERATELY engaging an enormous amount of non-valid foreclosures! The recent ruling by Judge Long of Massachusetts against Wells Fargo is yet ANOTHER flag that proves authorities need to swiftly and thoroughly investigate foreclosure frauds that cause people to FALSELY lose ownership of their properties and be evicted.  These companies hire debt collector attorneys who deliberately file judicial foreclosures under names of defunct mortgage companies, or companies which do not own the promissory notes; and charge fees far beyond &#8220;Acceleration Clauses,&#8221; thereby making it impossible for borrowers to recover their properties or bring current the mortgage arrears. (I can prove this about Wells Fargo when the times comes.) </p>
<p>In some instances, through use of a false mortgage holder’s name, the collection lawyer actually is the disguised foreclosing plaintiff who wounds up with ownership of foreclosed property.  Both colluding lawyers and mortgage companies benefit from this kind fraud as the collector lawyer acquires and FLIPS the property, the mortgage companies go on to file false IRS false form 1099-A’s to receive tax credits.  Also, for fraudulent foreclosures, the lawyers file falsified Bankruptcy Court “Lift Stay” motions; and carry out SIMULATED auctions.  For unscrupulous law firms, borrowers who become delinquent on payments are gold mines!   But debt from a mortgage loan is NOT the only debt collection abuse!!!  Too often rather than the agenda being repayment from the borrower, the goal is to rake in mega bucks from corporations that pay those legal tabs.  And worse, if a debtor protests unfair collection tactics, the consequences include horrific judicial persecution, blacklisting from employment and incredible invasion of privacy, and more!    *READ about fraudulent foreclosures, debt collection abuse, and judicial collusion:</p>
<p>“Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners,”<br /><a href="http://www.huffingtonpost.com/arianna-huffington/lack-of-legal-help-one-mo_b_310353.html" rel="nofollow"></a><a href="http://www.huffingtonpost.com/arianna-huffingto.." rel="nofollow">http://www.huffingtonpost.com/arianna-huffingto..</a>. </p>
<p>Illegal Foreclosures &#038; Evictions, Appalling Lender / Lawyer Abuses, Impediments to Justice posted at: <a href="http://newsblaze.com/story/20091011141440lawg.nb/topstory.html" rel="nofollow"></a><a href="http://newsblaze.com/story/20091011141440lawg.n.." rel="nofollow">http://newsblaze.com/story/20091011141440lawg.n..</a>. </p>
<p>“Piling On: Borrowers Buried by Fees” by Gretchen Morgenson  <a href="http://www.nytimes.com/2008/04/20/business/20gret.html?hp" rel="nofollow"></a><a href="http://www.nytimes.com/2008/04/20/business/20gr.." rel="nofollow">http://www.nytimes.com/2008/04/20/business/20gr..</a>.</p>
<p>“DEBTOR’S HELL”, a 4-part investigation by the Boston Globe <a href="http://www.boston.com/news/specials/debt/" rel="nofollow">http://www.boston.com/news/specials/debt/</a></p>
<p>&#8220;IRS Tax Advocate Renews Criticism of Private Collectors&#8221;<br /><a href="http://" rel="nofollow">http://</a> money.cnn.com/news/newsfeeds/articles/djf500/200803131508DOWJONE ..</p>
<p>“State bar releases list of attorneys under investigation in connection with foreclosure crisis”  <a href="http://lakeconews.com/content/view/10399/773/" rel="nofollow">http://lakeconews.com/content/view/10399/773/</a> </p>
<p>“Crisis, Lender Deceptions, Biased Courtrooms, Consumer Responsibility and Disadvantages”<br /><a href="http://www.oprah.com/community/blogs/lawgrace/2009/10/13/foreclosure-crisis-lender-deceptions-biased-courtrooms-consumer-responsibility-and-disadvantages" rel="nofollow"></a><a href="http://www.oprah.com/community/blogs/lawgrace/2.." rel="nofollow">http://www.oprah.com/community/blogs/lawgrace/2..</a>.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: BarbaraAnnJackson</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95574</link>
		<dc:creator>BarbaraAnnJackson</dc:creator>
		<pubDate>Sat, 17 Oct 2009 16:24:16 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95574</guid>
		<description>Certain mortgage lenders have a practice of DELIBERATELY engaging an enormous amount of non-valid foreclosures! The recent ruling by Judge Long of Massachusetts against Wells Fargo is yet ANOTHER flag that proves authorities need to swiftly and thoroughly investigate foreclosure frauds that cause people to FALSELY lose ownership of their properties and be evicted.  These companies hire debt collector attorneys who deliberately file judicial foreclosures under names of defunct mortgage companies, or companies which do not own the promissory notes; and charge fees far beyond &quot;Acceleration Clauses,&quot; thereby making it impossible for borrowers to recover their properties or bring current the mortgage arrears. (I can prove this about Wells Fargo when the times comes.) &lt;br&gt;&lt;br&gt;In some instances, through use of a false mortgage holder’s name, the collection lawyer actually is the disguised foreclosing plaintiff who wounds up with ownership of foreclosed property.  Both colluding lawyers and mortgage companies benefit from this kind fraud as the collector lawyer acquires and FLIPS the property, the mortgage companies go on to file false IRS false form 1099-A’s to receive tax credits.  Also, for fraudulent foreclosures, the lawyers file falsified Bankruptcy Court “Lift Stay” motions; and carry out SIMULATED auctions.  For unscrupulous law firms, borrowers who become delinquent on payments are gold mines!   But debt from a mortgage loan is NOT the only debt collection abuse!!!  Too often rather than the agenda being repayment from the borrower, the goal is to rake in mega bucks from corporations that pay those legal tabs.  And worse, if a debtor protests unfair collection tactics, the consequences include horrific judicial persecution, blacklisting from employment and incredible invasion of privacy, and more!    *READ about fraudulent foreclosures, debt collection abuse, and judicial collusion:&lt;br&gt;&lt;br&gt;“Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners,”&lt;br&gt;&lt;a href=&quot;http://www.huffingtonpost.com/arianna-huffington/lack-of-legal-help-one-mo_b_310353.html&quot; rel=&quot;nofollow&quot;&gt;http://www.huffingtonpost.com/arianna-huffingto...&lt;/a&gt; &lt;br&gt;&lt;br&gt;Illegal Foreclosures &amp; Evictions, Appalling Lender / Lawyer Abuses, Impediments to Justice posted at: &lt;a href=&quot;http://newsblaze.com/story/20091011141440lawg.nb/topstory.html&quot; rel=&quot;nofollow&quot;&gt;http://newsblaze.com/story/20091011141440lawg.n...&lt;/a&gt; &lt;br&gt; &lt;br&gt;“Piling On: Borrowers Buried by Fees” by Gretchen Morgenson  &lt;a href=&quot;http://www.nytimes.com/2008/04/20/business/20gret.html?hp&quot; rel=&quot;nofollow&quot;&gt;http://www.nytimes.com/2008/04/20/business/20gr...&lt;/a&gt;&lt;br&gt;&lt;br&gt;“DEBTOR’S HELL”, a 4-part investigation by the Boston Globe &lt;a href=&quot;http://www.boston.com/news/specials/debt/&quot; rel=&quot;nofollow&quot;&gt;http://www.boston.com/news/specials/debt/&lt;/a&gt;&lt;br&gt;&lt;br&gt;&quot;IRS Tax Advocate Renews Criticism of Private Collectors&quot;&lt;br&gt;&lt;a href=&quot;http://&quot; rel=&quot;nofollow&quot;&gt;http://&lt;/a&gt; money.cnn.com/news/newsfeeds/articles/djf500/200803131508DOWJONE ..&lt;br&gt;&lt;br&gt;“State bar releases list of attorneys under investigation in connection with foreclosure crisis”  &lt;a href=&quot;http://lakeconews.com/content/view/10399/773/&quot; rel=&quot;nofollow&quot;&gt;http://lakeconews.com/content/view/10399/773/&lt;/a&gt; &lt;br&gt;&lt;br&gt;“Crisis, Lender Deceptions, Biased Courtrooms, Consumer Responsibility and Disadvantages”&lt;br&gt;&lt;a href=&quot;http://www.oprah.com/community/blogs/lawgrace/2009/10/13/foreclosure-crisis-lender-deceptions-biased-courtrooms-consumer-responsibility-and-disadvantages&quot; rel=&quot;nofollow&quot;&gt;http://www.oprah.com/community/blogs/lawgrace/2...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Certain mortgage lenders have a practice of DELIBERATELY engaging an enormous amount of non-valid foreclosures! The recent ruling by Judge Long of Massachusetts against Wells Fargo is yet ANOTHER flag that proves authorities need to swiftly and thoroughly investigate foreclosure frauds that cause people to FALSELY lose ownership of their properties and be evicted.  These companies hire debt collector attorneys who deliberately file judicial foreclosures under names of defunct mortgage companies, or companies which do not own the promissory notes; and charge fees far beyond &#8220;Acceleration Clauses,&#8221; thereby making it impossible for borrowers to recover their properties or bring current the mortgage arrears. (I can prove this about Wells Fargo when the times comes.) </p>
<p>In some instances, through use of a false mortgage holder’s name, the collection lawyer actually is the disguised foreclosing plaintiff who wounds up with ownership of foreclosed property.  Both colluding lawyers and mortgage companies benefit from this kind fraud as the collector lawyer acquires and FLIPS the property, the mortgage companies go on to file false IRS false form 1099-A’s to receive tax credits.  Also, for fraudulent foreclosures, the lawyers file falsified Bankruptcy Court “Lift Stay” motions; and carry out SIMULATED auctions.  For unscrupulous law firms, borrowers who become delinquent on payments are gold mines!   But debt from a mortgage loan is NOT the only debt collection abuse!!!  Too often rather than the agenda being repayment from the borrower, the goal is to rake in mega bucks from corporations that pay those legal tabs.  And worse, if a debtor protests unfair collection tactics, the consequences include horrific judicial persecution, blacklisting from employment and incredible invasion of privacy, and more!    *READ about fraudulent foreclosures, debt collection abuse, and judicial collusion:</p>
<p>“Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners,”<br /><a href="http://www.huffingtonpost.com/arianna-huffington/lack-of-legal-help-one-mo_b_310353.html" rel="nofollow"></a><a href="http://www.huffingtonpost.com/arianna-huffingto.." rel="nofollow">http://www.huffingtonpost.com/arianna-huffingto..</a>. </p>
<p>Illegal Foreclosures &#038; Evictions, Appalling Lender / Lawyer Abuses, Impediments to Justice posted at: <a href="http://newsblaze.com/story/20091011141440lawg.nb/topstory.html" rel="nofollow"></a><a href="http://newsblaze.com/story/20091011141440lawg.n.." rel="nofollow">http://newsblaze.com/story/20091011141440lawg.n..</a>. </p>
<p>“Piling On: Borrowers Buried by Fees” by Gretchen Morgenson  <a href="http://www.nytimes.com/2008/04/20/business/20gret.html?hp" rel="nofollow"></a><a href="http://www.nytimes.com/2008/04/20/business/20gr.." rel="nofollow">http://www.nytimes.com/2008/04/20/business/20gr..</a>.</p>
<p>“DEBTOR’S HELL”, a 4-part investigation by the Boston Globe <a href="http://www.boston.com/news/specials/debt/" rel="nofollow">http://www.boston.com/news/specials/debt/</a></p>
<p>&#8220;IRS Tax Advocate Renews Criticism of Private Collectors&#8221;<br /><a href="http://" rel="nofollow">http://</a> money.cnn.com/news/newsfeeds/articles/djf500/200803131508DOWJONE ..</p>
<p>“State bar releases list of attorneys under investigation in connection with foreclosure crisis”  <a href="http://lakeconews.com/content/view/10399/773/" rel="nofollow">http://lakeconews.com/content/view/10399/773/</a> </p>
<p>“Crisis, Lender Deceptions, Biased Courtrooms, Consumer Responsibility and Disadvantages”<br /><a href="http://www.oprah.com/community/blogs/lawgrace/2009/10/13/foreclosure-crisis-lender-deceptions-biased-courtrooms-consumer-responsibility-and-disadvantages" rel="nofollow"></a><a href="http://www.oprah.com/community/blogs/lawgrace/2.." rel="nofollow">http://www.oprah.com/community/blogs/lawgrace/2..</a>.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: epearson</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95431</link>
		<dc:creator>epearson</dc:creator>
		<pubDate>Fri, 16 Oct 2009 04:37:13 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95431</guid>
		<description>As Democrats of the Democratic Party, we join together in seeking reform within the Democratic Party.&lt;br&gt;&lt;br&gt;Many Democrats already know their elected representatives within the Democratic Party are no longer following in the time-honored footsteps laid down by the founding fathers of our great Nation. More importantly, we as democrats see our elected representatives within the Democratic Party abandoning the values and principles as set forth within the Declaration of Independence and the Constitution of the United States.&lt;br&gt;&lt;br&gt;At the very least, many of our elected representatives within the Democratic Party are no longer abiding to the sole reason the Democratic-Republican Party was founded by Thomas Jefferson - &quot;Strong state governments with a weaker federal government.&quot;&lt;br&gt;&lt;br&gt;This is only the beginning of our problems as Democrats, for many of our elected representatives within the Democratic Party have clearly set their own agendas over the members of the Democratic Party, our Nation, and the American people. Overall, many of them no longer think of themselves as being our elected representatives, and now refer to themselves as leaders in the true form of tyrants.&lt;br&gt;&lt;br&gt;Most Democrats already know their pleas are only being answered by repeated insult and injury by their elected representatives within the Democratic Party. Despite this, we as Democrats can restore control of the Democratic Party back to the party members. All we need to do is cut off donations to the local, state, and national headquarters of the Democratic Party, and to make sure the donations are made directly to worthy and honorable Democratic Party candidates.&lt;br&gt;&lt;br&gt;So spread the message to everyone of our fellow Democrats, for the Democrat members are taking back control of the Democratic Party. Also, please don&#039;t forget to contact and request the Unions and other outside contributors to follow our lead as patriotic Americans. Thank you!&lt;br&gt;&lt;br&gt;I&#039;m a member of the Democratic Party - Democratic Reform Party.&lt;br&gt;&lt;br&gt;Web site: &lt;a href=&quot;http://www.democraticreformparty.com&quot; rel=&quot;nofollow&quot;&gt;http://www.democraticreformparty.com&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>As Democrats of the Democratic Party, we join together in seeking reform within the Democratic Party.</p>
<p>Many Democrats already know their elected representatives within the Democratic Party are no longer following in the time-honored footsteps laid down by the founding fathers of our great Nation. More importantly, we as democrats see our elected representatives within the Democratic Party abandoning the values and principles as set forth within the Declaration of Independence and the Constitution of the United States.</p>
<p>At the very least, many of our elected representatives within the Democratic Party are no longer abiding to the sole reason the Democratic-Republican Party was founded by Thomas Jefferson &#8211; &#8220;Strong state governments with a weaker federal government.&#8221;</p>
<p>This is only the beginning of our problems as Democrats, for many of our elected representatives within the Democratic Party have clearly set their own agendas over the members of the Democratic Party, our Nation, and the American people. Overall, many of them no longer think of themselves as being our elected representatives, and now refer to themselves as leaders in the true form of tyrants.</p>
<p>Most Democrats already know their pleas are only being answered by repeated insult and injury by their elected representatives within the Democratic Party. Despite this, we as Democrats can restore control of the Democratic Party back to the party members. All we need to do is cut off donations to the local, state, and national headquarters of the Democratic Party, and to make sure the donations are made directly to worthy and honorable Democratic Party candidates.</p>
<p>So spread the message to everyone of our fellow Democrats, for the Democrat members are taking back control of the Democratic Party. Also, please don&#39;t forget to contact and request the Unions and other outside contributors to follow our lead as patriotic Americans. Thank you!</p>
<p>I&#39;m a member of the Democratic Party &#8211; Democratic Reform Party.</p>
<p>Web site: <a href="http://www.democraticreformparty.com" rel="nofollow">http://www.democraticreformparty.com</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: xfree9</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95392</link>
		<dc:creator>xfree9</dc:creator>
		<pubDate>Thu, 15 Oct 2009 19:24:49 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95392</guid>
		<description>When I said &quot;loose monetary policy,&quot; I meant that the Fed had the ability to play fast and loose with the interest rate, therefore distorting prices and increasing the money supply. While most people accept this as &quot;normal,&quot; I myself find that it is unethical and unacceptable for people to be in that much control over the money supply. &lt;br&gt;&lt;br&gt;Gold itself may not have intrinsic value, but one cannot simply create gold out of thin air as you can with fiat currency. With gold the amount of money does intrinsically stabilize because nobody can simply debase it without counterfeiting, which is what the Fed is involved in doing, albeit with the government&#039;s permission.</description>
		<content:encoded><![CDATA[<p>When I said &#8220;loose monetary policy,&#8221; I meant that the Fed had the ability to play fast and loose with the interest rate, therefore distorting prices and increasing the money supply. While most people accept this as &#8220;normal,&#8221; I myself find that it is unethical and unacceptable for people to be in that much control over the money supply. </p>
<p>Gold itself may not have intrinsic value, but one cannot simply create gold out of thin air as you can with fiat currency. With gold the amount of money does intrinsically stabilize because nobody can simply debase it without counterfeiting, which is what the Fed is involved in doing, albeit with the government&#39;s permission.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ngchen</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95384</link>
		<dc:creator>Ngchen</dc:creator>
		<pubDate>Thu, 15 Oct 2009 19:15:27 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95384</guid>
		<description>First, IIRC the Fed governors are appointed and confirmed by Congress, and afterward cannot be fired which provides it with some independence. (Economists have noted that there is a conflict of interest if current politicians were allowed to also be the fed.)&lt;br&gt;&lt;br&gt;Now, the Fed is charged with maintaining price stability and economic growth. Is the current money &quot;loose?&quot; I don&#039;t think so. Inflation is often described as a tax on those with money, and therefore the rich fear it. The poor sometimes also fear it, because it reduces the value of the little money they do have. Debtors like it, since it reduces the value of their debt (however if the inflation is foreseen, then it would be factored in to the loan terms). Currently inflation is in the low single percentage points for most things, which is not a lot. The classic argument against the gold standard is that if one does not trust the monetary authorities to not abuse their power, then one cannot trust an abandonment of the gold standard when it&#039;s inconvenient either! A second argument would be that there is nothing magical about gold that gives it intrinsic value either.</description>
		<content:encoded><![CDATA[<p>First, IIRC the Fed governors are appointed and confirmed by Congress, and afterward cannot be fired which provides it with some independence. (Economists have noted that there is a conflict of interest if current politicians were allowed to also be the fed.)</p>
<p>Now, the Fed is charged with maintaining price stability and economic growth. Is the current money &#8220;loose?&#8221; I don&#39;t think so. Inflation is often described as a tax on those with money, and therefore the rich fear it. The poor sometimes also fear it, because it reduces the value of the little money they do have. Debtors like it, since it reduces the value of their debt (however if the inflation is foreseen, then it would be factored in to the loan terms). Currently inflation is in the low single percentage points for most things, which is not a lot. The classic argument against the gold standard is that if one does not trust the monetary authorities to not abuse their power, then one cannot trust an abandonment of the gold standard when it&#39;s inconvenient either! A second argument would be that there is nothing magical about gold that gives it intrinsic value either.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: nusrat</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95321</link>
		<dc:creator>nusrat</dc:creator>
		<pubDate>Thu, 15 Oct 2009 08:11:58 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95321</guid>
		<description>The things you have mentioned are wonderful and I am glad to be the part of it.&lt;br&gt;Tia Smith&lt;br&gt;&lt;a href=&quot;http://www.gotodebtconsolidation.com&quot; rel=&quot;dofollow&quot; rel=&quot;nofollow&quot;&gt;debt consolidation&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>The things you have mentioned are wonderful and I am glad to be the part of it.<br />Tia Smith<br /><a href="http://www.gotodebtconsolidation.com" rel="dofollow" rel="nofollow">debt consolidation</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: xfree9</title>
		<link>http://blog.sojo.net/2009/10/14/a-moral-mandate-for-financial-reform/comment-page-1/#comment-95298</link>
		<dc:creator>xfree9</dc:creator>
		<pubDate>Thu, 15 Oct 2009 00:40:59 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sojo.net/?p=12545#comment-95298</guid>
		<description>It sounds like a noble idea, but at what expense? There&#039;s nothing inherently bad about government protecting people from actual destructive behavior. That&#039;s kinda the purpose of government, is it not? &lt;br&gt;&lt;br&gt;But if we are truly to seek financial reform, this sort of thing is merely a band-aid approach to the problems. Deep reform is necessary before the system self-destructs, as it is beginning to do. We can talk about regulation until we are blue in the face, but until we actually get rid of the source of the problem, band-aids and pain killer only go so far. &lt;br&gt;&lt;br&gt;The Bible talks about just weights and measures as a monetary foundation of a society. It also condemns the love of money as the root of all kinds of evil. Our current monetary system has a foundation in the Federal Reserve System, a central bank that is inherently counter to a sound money supply. The absence of a gold standard results in loose money by both the Fed and Congress (who are inextricably linked by political means), who depreciate our money for the wealthy at the expense of the poor. It&#039;s fraud, it&#039;s theft, and it needs to stop! &lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.amazon.com/exec/obidos/redirect?tag=mho-4-20&amp;path=http://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193&quot; rel=&quot;nofollow&quot;&gt;Until the underlying problem is addressed&lt;/a&gt;, we&#039;ll not have true economic reform and justice in our nation.</description>
		<content:encoded><![CDATA[<p>It sounds like a noble idea, but at what expense? There&#39;s nothing inherently bad about government protecting people from actual destructive behavior. That&#39;s kinda the purpose of government, is it not? </p>
<p>But if we are truly to seek financial reform, this sort of thing is merely a band-aid approach to the problems. Deep reform is necessary before the system self-destructs, as it is beginning to do. We can talk about regulation until we are blue in the face, but until we actually get rid of the source of the problem, band-aids and pain killer only go so far. </p>
<p>The Bible talks about just weights and measures as a monetary foundation of a society. It also condemns the love of money as the root of all kinds of evil. Our current monetary system has a foundation in the Federal Reserve System, a central bank that is inherently counter to a sound money supply. The absence of a gold standard results in loose money by both the Fed and Congress (who are inextricably linked by political means), who depreciate our money for the wealthy at the expense of the poor. It&#39;s fraud, it&#39;s theft, and it needs to stop! </p>
<p><a href="http://www.amazon.com/exec/obidos/redirect?tag=mho-4-20&#038;path=http://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193" rel="nofollow">Until the underlying problem is addressed</a>, we&#39;ll not have true economic reform and justice in our nation.</p>
]]></content:encoded>
	</item>
</channel>
</rss>
