Federal Reserve launders money for North Korea

[HCE SuiGeneris]

Federal Reserve launders money for North Korea
Tuesday, 19 June 2007 Written by Garrett Johnson
http://www.bitsofnews.com/content/view/5755/43/

Maybe in some alternative universe this would be a headline instead of whatever Paris Hilton might be up to.

Last week the New York Federal Reserve made what may go down as the most misguided move in the history of the Federal Reserve system. They laundered money for North Korea.

Last week a group of influential Republicans, including the ranking member of the House Committee on Foreign Affairs, Ileana Ros-Lehtinen, asked the Government Accountability Office to investigate whether anti-laundering and counterfeit laws were broken. They may well have been.

What was the Federal Reserve doing laundering money for the North Koreans? They were doing the bidding of Rice's State Department, and hence we have the source of the problem - the Federal Reserve was set up to be independent of politics in order to create a sound financial system, but has failed to live up to its purpose.

More: http://www.bitsofnews.com/content/view/5755/43/