Money and Politics By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies. It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody — and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue. read more http://mises.org/daily/3480
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Chase Bank Reportedly Has Man Jailed Over Check They Issued Him:
Last June, 28-year-old Ikenna Njoku of Auburn, Washington was reportedly imprisoned for four days after trying to cash a Chase check the bank itself had issued to him.
Mr. Njoku, who at the time claims he had become a new homeowner, qualified for the first-time home buyer rebate on his tax return, for a total of $8,463.21 after overdraft fees, reports King 5 Seattle.
When Chase mailed him the check, he says that he sought to cash it as quickly as possible. But when he arrived at the Chase bank, the banker allegedly thought the check, and his claim that he owned a home, were fraudulent.
“I was embarrassed,” Njoku told King 5. “She asked me what I did for a living. Asked me where I got the check from, looked me up and down — like ‘you just bought a house in Auburn, really?’ She didn’t believe that.”
According to Mr. Njoku, he left the bank and was told by customer service that he should come back the next morning. When he did, the bank had phoned the police, who subsequently arrested him for forgery.
Njoku remained in jail for four days. When the bank realized it had made a mistake, they left a voicemail message with the detective handling the case, but unfortunately for Mr. Njoku, it was the detective’s day off. No further attempts were made by the bank to correct the error, the local police department confirmed to King 5.
The check that had landed him in prison was reportedly seized as evidence and he lost his job for failing to show up while in prison.
ITS NOT ILLEGAL IF THE BANK DOES IT. Believe me, this was not Nixon, this was Charmaine Johnson, Manager, Standard Bank Constantia, Caoe Town South Africa.Citation
It’s pretty amazing how bad the banks really are. In my case, I have caught them out doing bank statement ordering. They sort the deposits from small to large, and the withdrawls from large to small, and then they nail me with highest cost and least interest.