Monday, February 28, 2011

Fact-Checking



The Fall of the Republic says:
"Democrats repealed the Glass-Steagal act of 1933."

Wikipedia says:
"The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate[10] and by a bi-partisan 343–86 vote in the House of Representatives.[11]"
Repeal of Glass-Steagal


The Fall of the Republic says:
"Hank Paulson was a representative of Goldman Sachs and is now Secretary of the Treasury."

Wikipedia says:
"Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) served as the 74th United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs."

Henry Paulson


The Fall of the Republic says:
"The Federal Reserve is a collection of bankers created in 1913."

Wikipedia says:
"The Federal Reserve System (also known as the Federal Reserve, and informally as The Fed)... was created in 1913 with the enactment of the Federal Reserve Act."
"The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors (or Federal Reserve Board), the Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous other private U.S. member banks and various advisory councils."

Federal Reserve

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