The Office of Financial Research or OFR, what the heck is that?
It is a new government agency, with potentially an unlimited budget that’s what! Why do we need this? Where did it come from?
Remember the Dodd-Frank financial services law that is supposed to protect us from another financial problem with the banks or Wall Street? The OFR is the agency, that by collecting data, will accomplish this? Yes, it is in there! Where do they get the “unlimited” budget? Taxes, eventually, but for now, the magic, dollar destroying printing press called the Federal Reserve! What data are they collecting?
Either way, it is another drain on our economy, and our country, after all, it is a government agency! Just one more piece of the Obama big government plan to control the banks! Do you want the government to run your bank?
Remember the part about taxes and unlimited funding? Do you think the banks are going to just eat that loss? How many millions do you think they can absorb before the bank passes this unnecessary cost on to you and me? Remember the big deal about no overdraft fees? Did your bank service charges go up? Mine did, 25%, just so that idiots that use their debit cards and spend more than they have don’t have to pay a fee! How do you think a tax to prevent bailing out a bank will affect us?
So, is this just another trick to take over the free market? Another power grab to control us like prisoners, indentured servants, that work just to get fed and pay the rest in fees and taxes? I just pray to God that we can vote Obama out, before he gets control to where we can’t! After all, he writes his presidential orders like a king writing decrees to control us peasants, be sure to make your voice heard, join a local Tea Party, help spread the word and of course, be sure to vote him out in November, before it’s too late!