Michael, I am not sure I completely agree with this specific comment about the Fed. I dont think the Fed was created to protect banks. I think it was created under the guise to protect banks but really it was for the big banks to consolidate their power and monopolize the currency. The smaller banks dont seem to be offered much protection by the Fed. It seems that after each crisis there are less and less smaller banks.

Throughout the Fed's history they have continued to consolidate power especially after the S&L crisis. The Fed is quite possibly the great trojan horse of the modern era. Who is "They" that provides the money. Im not sure that the government hasnt given up control of the economy. Is it possible that those who are in office are allowed to exist in their position by the banks? Im not sure that Blankfein is not actually the de facto President. Dimon for Vice? Or do I have that backwards?