I thought that you "anti-federal reserve" folks were against the centralization of banking?
I see this as a good thing because it will protect consumers by keeping their checking and savings separate from toxic assets like subprime mortgages. And it keeps the FDIC out of involvement in such calamities as well. So if/when an AIG type company were to crash it wouldn't cause a run on the banks.
I know all of you guys have invested your savings into gold bars and crates of 7.62x39, so I guess this doesn't necessarily apply to you.![]()