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Wednesday, December 14, 2011

Shills run interference for Fed,
besieged professor charges

L. Randall Wray, an economics professor whose students tallied $29 trillion in Federal Reserve bailouts, says he and his students are on the receiving end of a campaign to discredit them carried out by Federal Reserve allies.

Wray, a professor at the University of Missouri-Kansas City and senior scholar at the Levy Economics Institute of Bard College, N.Y.

Wray says Fed allies are misreading the study and trying to play down the Fed's chronic overnight lending on easy terms to banks which for months on end could not or would not function properly.

Aside from accusing the study's authors of rabble rousing, said Wray, critics appear to be sticking with "talking points" rather than focusing on the exessive longterm emergency brorrowing.

Paul breaks with pack, blasts 'martial law' bill

The GOP presidential candidates have been playing dumb about the detention measure that puts Americans at risk of being held in internment camps on suspicion of ties to terrorism. President Obama is likely to sign the bill this shortly, it has been reported.

Ron Paul however spoke with a reporter about the subject. The story appeared in alternative media.

Mainstream media are remaining silent about the subject, having only given the matter cursory coverage.

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