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    Reuters
    June 16, 2009

    The Obama administration plans to call for the U.S. Office of Thrift Supervision to close as part of its overhaul of financial regulation, which would also include the elimination of the federal thrift charter for banks.

    • A d v e r t i s e m e n t
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    The plan would require large, interconnected firms to draft a “credible plan” for how they would be unwound if they ran into severe trouble, a senior administration official told reporters on a conference call on Tuesday.

    The official said the proposal would also call for the creation of a financial oversight council that would be led by the Treasury Department, and would make the Federal Reserve the consolidated supervisor of large financial holding companies.

    The administration has been discussing how best to tighten bank and market regulation in response to the worst global financial crisis in generations. President Barack Obama will formally unveil the proposals on Wednesday.

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    Comment Rules

    50 Responses to “Obama Plans to Cut Bank Regulators, Allow Fed to Supervise Financial Holding Companies”

    1. Anihilus Says:

      http://www.youtube.com/watch?v=G7X24_vOWwU

      showmebby Reply:

      I like it

      Glenn Beck's Banker Reply:

      If they are Unwound? That is bankerspeak for how they will hand over their assets (your property) to the NFWO banksters. (guess what the “F” stands for) Hey I thought Glenn’s crooked dealings would be enough for me to retire on like the banker in the Beverly Hillbillies. I guess they plan to give me the flu-shot/bioweapon too.

      PrivateSi Reply:

      both Fing & Federalist!

      RupertsRobots Reply:

      ****** LET beck know HOW YOU FEEL! me@glennbeck.com Now Be Nice, He Is Very sensitive!

      blowthewhistle Reply:

      music for the revolution support the artist in the fight to wake up more sheeple http://polygraphradio.net/musicsite/?p=1299

      Joe Reply:

      If this doesn’t obviously show everyone who knows how horrible the fed is, where Obama’s loyalties really lie, I honestly dont know what will! This is Obama basically taunting us, telling us to give up and that we can’t win this war against the Fed. We need to do everything in our power to make sure the Fed is regulated and abolished. I hope that since there were so many co-sponsors of the Fed regulation bill in the house, that they will block the presidents actions in this matter!

      Glenn Beck's Banker Reply:

      I dought it will be blocked cause they love the Kenyan, there were 1000(slaves) to 1(elitist) phone calls to all the congress critters against the banker takover bailout and it still passed with no one even being allowed to read the bill. A bill which was the largest transfer of secret wealth in history of the earth. Don’t worry there will be plennnnty of money for the unconstitutional enforcers like the CIA,FBI,OHS,blackwater, etc ad nauseum to close the businesses and banks down and give control to the loving czars ;-)

      JimF Reply:

      “This is Obama basically taunting us…..”

      Undoubtedly. I used to think he was taking these kinds of actions because he simply was not smart enough for the job. Now, looking at the patterns leads me to believe that he is actively trying to spark an insurrection so he can legally use NorthCom for domestic policing.

      Do you know any members of NorthCom? Are they completely brainwashed or will they defend and protect the Constitution against these traitors??

      Joe Reply:

      NorthCom went on the record back in january/february saying they were ready to implement and enforce martial law. They are definately blind patriots.

      R&R_killer Reply:

      how many examples will everyone on this site read before they begin a counter revolution? talking doesnt work, peace doesnt stop a gun to your head…. rid the aggressors to promote peace. or take the disguise of that same evil and bend it to your will

    2. TheAustrians Says:

      Knowingly or not, the Fed caused the crises with all the money creation they did prior to the bust. Now we are giving them more power?

      http://www.TheAustriansWereRight.com

      Karen Reply:

      Sure! They caused the problem on purpose.They knew how the population would react. We see our savings and home values go to zero and we panic and give our power to them to fix it. The only thing is they aren’t going to fix it. They don’t want to fix it. They have no plans to fix it. They’ll pump the market up to squeeze out any money left on the side lines and the market will sink lower. The whole thing is a scam. Wealth is being taken out of this country and given to indivs. and to other countries.

    3. TheBMT Says:

      lol, obama gets funnier every day. Especially after watching the obama deception back when it came out.

      showmebby Reply:

      Can you see how the evil is taking his age only months into his “service”. What a clown

    4. Luke Andrew Marsh Says:

      How to turn your dollars into a good economy.
      It’s rather simple really just load up this guy mr Jones to the hilt and watch the sparks fly join in if you want. If there’s one tv broadcast you should record it’s the one of Mr obama today saying how your right to protest anywhere in the world concerns him. Just hack in play that on the big screens and posters and march towards the fed rounding money up for mr Jones and in the concept that you will not leave the fed until it’s been audited to a satisfactory level.
      You could call it the Fed movement where by you just keep comming.
      If they disperse you just reform and march towards the fed.
      If they tear gass you ask by stands for protection ware and stuff and no matter what just don’t leave the fed.
      Stick by the fed until it’s on it’s knees.
      Have a fed movement channel.
      Let them call it what they like it would sound like water off a ducks back if your were all firmly at the gates of the fed.
      and did I say just keep going for the damn thing. If recent Tv has taught you anything it how to deal with the fed.

    5. Luke Andrew Marsh Says:

      Are you asking what you can do assuming that nothing can be done.
      Wrong just stick to that fed like male does to a lady dog on heat.
      Keep going for the fed.
      The rules of the chase if you can’t have the world trade centre they can’t have the Fed makes perfect sense and dealing with the fed is something most people agree on so there should be lots of you interested.
      I’m not talking about a protest day I’m talking continuous build up of civilian troops outside the fed until the problem is sorted out.
      If you had a hard leak to sort out in your kitchen out in the sticks and couldn’t get hold of a plumber how would you deal with the problem. If there was a fire of a building and no fire men to get hold of but plenty of water and other useful things to stop the fire and to stop it from spreading how would you deal with that problem.
      Well USA this is no different the fed is a fire that’s going to burn your great country down if you don’t sort the fire out.
      If you do deal with the fed then your Government will fear you if you let it walk all over you then your government will join in on the feeding frenzy.
      1 place one time of revolution you know the address go for it dude it’s your fed your problem sort it out.

      Karen Reply:

      There are central banks all over the world. Your country has one too. The Czar of Russia rejected a central bank and he and his family were murdered. These people are organized thugs,

    6. Matt Says:

      Maybe they are giving the Fed so much responsibility so it will be “too big to fail” if we audit it.

      Unconquered Reply:

      Either that or they’ll use it as a platform to usher in a “Global Fed” (IMF, World Bank, Crazy Obama’s House ‘o Cash…whatever they call it).

    7. Karen Says:

      The Fed is controlled by a few. They get all the money. During the Russian Revolution most all of the money,gold,art of all the people was sent out of the country to private estates and bank accounts. Russia was plundered, the people were plundered and that was the point. The population was thought to be to numerous so they culled 60 million. As they did so they had nice motttos like”For the good of the people, always for the good of the people”. A few people in this world believe in a superior race. They are racists, Zionists. Zionism used to be called racism by the UN.

    8. ArTchiTech Says:

      R U ready for GLOBAL ENSLAVEMENT?!! YOU HAVE BEEN WARNED!! *this used to be funny…but not anymore* What would happen if we woke up the Masses (The Sleeping Beast) we should try it and see what happens….

    9. ArTchiTech Says:

      :/ WHAT ALEX JONES SAYS IS REAL!!! SO REAL IT SCARES THE HELL OUT OF ME ;? ALEX The MessiAH!! Obama’s Reptilian adversary lol THIS is so Twilight Zone….what an exciting time to be alive.. i wish George Carlin and bill Hicks were still here ? :(

      Don’t forget to laugh…truthers :D

    10. ArTchiTech Says:

      Personal experience = conspiracy theory

    11. R3N0V4D0 Says:

      http://i42.tinypic.com/x29umv.jpg
      [img]http://i42.tinypic.com/x29umv.jpg[/img]

      check this out :P

      this should be the cover to the next obama deception!!!

    12. ace Says:

      I’ve heard that obama is now going to ban folding knives. Taking away guns weren’t good enough.

    13. Fear or Freedom?! Says:

      Situation is going from bad to worse here. HR 1207 is picking up momentum but has a slim chance in the Senate. The word is spreading and sheeple are beginning to wake up. We must get them to WAKE UP!

      http://www.redpillvsbluepill.weebly.com

    14. Lessgov2007.blogspot.com Says:

      Yeah right. Obama is controlled by these banking interests, anything he proposes has to be B.S. Anything the criminals create to provide oversight of their criminal operations will in fact not do anything but serve as more smoke and mirrors to distract the people from the men behind the curtain. Stop looking to puppets to do anything. See the writing on the wall.

      1776

    15. Kayhla Says:

      Foxes guarding the henhouse… Nuff said ^^

    16. de obvious Says:

      Is this the worst possible idea since the Nazis passed the Enabling Act in ‘33?
      http://www.historyplace.com/wo.....ctator.htm

    17. gravel kucinich paul nader Says:

      They will not be able to cover-up the CRASH
      Whistle Blowers
      Leaks

    18. dWaRf mApLe Says:

      http://911essentials.com thinks this is like giving our country over to some guy that wasn’t even born here and is now “in charge.” That’s unthinkable right?

      911essentials is a primer portal introduction to the New World Order Corporate Banking Police State, its plans for one world government and their worship of the fake science Eugenics.

    19. PrivateSi Says:

      More sweetalking robbery.

    20. D-Elete Says:

      http://www.youtube.com/watch?v=juc3b0Ehdh4

    21. newfy777 Says:

      oh good
      the un-federal no-reserve can print and create even more money with
      ZERO oversight..
      the new sign at the airport as you fly in to the U.S.
      “welcome comrades!
      you are now in the communist United States of Zimbabwe”.

    22. WhatAplan Says:

      It’s all cover for the biggest heist;

      http://www.youtube.com/watch?v=u03TfQN1pXo

      jc Reply:

      That’s why they call the whole plan the TARP Whataplan lol. You use tarp to cover things up don’t you? and they actually made us all look like idiots saying how good TARP is

    23. hologram5 Says:

      Nice, thanks Obama. You’re nothing but a puppet to the NWO Banking elite. I didn’t vote for you and never will. Rise up America, we need to stand together and show these crooks we are tired of getting robbed legally.

    24. Steve Says:

      This is unbelievable. Give the power to the crooks. I think this pretty much proves what Obama is and bares his fake ass. It’s also amazing that you have these wall street people and others who are against this but still don’t realize the Federal reserve is not the government. They think think this is government oversight. You have to be kidding me.

    25. jc Says:

      It is indeed laughable Jones lol I mean they already got all this f---ing power to begin with and the FED is asking for more power to control companies and that legislation is going to pass through the house…So I mean getting tough on the banks when they already have all the money and power they need is just meaningless and nothing but a grandstand move by Barkey

    26. REALSPOTPRICE.com Says:

      Forgive the spam but I’ve got a good way to fight them: The REAL price of gold: http://www.realspotprice.com/

      Please spread it around.

    27. Aleister Says:

      The Federal Reserve?
      The same Fed that is not regulated that has never been audited and is not Federeal at all?
      The Fed that is owned by bankers not the Govt?
      That Fed?
      TREASON that is what this is!
      Help Us Dr. Paul!

    28. cesspool Says:

      Thanks for this article and any after it.

      I really want to know what all this “Obama Sweeping Plan” REALLY means… I am depending on infowars to give us the real dope on this measure. I dont really understand it, and I bet theres alot of fine print that hopefully doesnt screw us little people.

      we all know thats the agenda with this admin..

    29. cesspool Says:

      what i would do? all that money paying interest on credit card debt s that will NEVER be paid off should go into the economy! That means, just wipe it all back to zero.

      Now THAT is an economic stimulus. The money saved stays in the banks, and more money filters into the economy that would have otherwise gone to the bankers counterfeiting scheme… y’know, all that credit card debt paid with unsigned credit cards or over the internet, conjured into existence from nothing, the banks never had that money to begin with.

      i.e. illegal counterfeit money, contractually illegitimate.

    30. bargeman Says:

      Here we go again. Where’s congress???????

    31. Godzilla Says:

      I’m getting a headache…….

      El Comadante Reply:

      This is striaght up BULL s---…cant the Supreme Court do anything about this HUGE F*** problem…This is surreal really reminds me of Metal Gear Sons of Liberty video game and this is real life. Life imitating Art.
      LETS START the REVOLUTION…Our Generations Boston TeA Party!!

      theresistorAR15 Reply:

      THEN GET YOUR HEAD OUT OF YOUR ASS and LISTEN TO ALEX AND BE A PART OF BEING A TRUE AMERICAN FOR LIBERTY and JUSTICE and FREEDOM. GO BUY A AK47 or an AR15 and YOU WILL FEEL BETTER IF YOU ARE WILLING TO SHOW SOME BALLS… WAKE UP Gobzilla

    32. theresistorAR15 Says:

      LISTEN UP……… THEB NWO, THE FEDERAL RESERVE BANKERS, THE BILDERBERGS, OMAMA and HIS SECRET FORCES, THEB EUROPEAN NATION and ALL THE REST OF THE SOCIETIES
      NEED TO BE DEMOLISHED FOR GOOD AS JFK WANTED !!!!!!! WAKE UP IF YOU ARE A TRUE AMERICAN … PUT OUR CONSTITUTION and FREEDOM BACK…. AWAY FROM THIS TOTAL DEMONIC NWO. STAND UP and HOLD THE TRUTH … WHICH MEANS “FIGHT , RESIST and IF IT MEANS PICKING UP AN AK, AR OR WHATEVER THAN ….SO BE IT !!!!!

    33. Judson Witham Says:

      The REGULATORS…FBI…DOJ…SECRET SERVICE….STATE and LOCAL PROSECUTORS…BANKSTERS they are ALL THE BLAME…THEY ARE REGULATORS and Big Time Connected To The BANKSTERS and MARKETEERS

      See… http://sites.google.com/site/thegreattexasbankjob/

      FACT IS America Has Been Robbed Stupid AGAIN AND AGAIN AND AGAIN AND AGAIN……..

      FOR DECADES….even CENTURIES as was Britain and Europe before AMERICA EXISTED