Fed and S.E.C. Partnering

Fed and S.E.C. to Share Information: source

WASHINGTON (AP) -- Financial regulators on Monday announced an information-sharing agreement aimed at better detecting potential risks to the U.S. financial system.

Under the agreement, the two agencies will share information and cooperate across a number of important areas of common interest, including anti-money laundering efforts, bank brokerage activities as well as on clearing and settling financial transactions conducted by both banks and investment firms.

The Fed is the main regulator of banks, while the SEC oversees Wall Street investment firms.

update on: fed-new job description

quoted from 'new job description': "The Fed is no longer just a regulatory agency presiding over a narrow group of businesses called banks. Rather, its mission increasingly is to maintain macro confidence — confidence that the entire financial system is functioning well as part of the whole economy."
Charting the transition from a free people to an owned people (slaves)

Another information sharing agreement, another partnership, another piece of the puzzle placed, another move toward the creation of the regionalized global system. The Fed, a non-federal private organization, is step by step building the privatized single entity finanacial control system outlined in their "new job description". They will be monitoring and controlling everything as the tentacles spread throughout the new systems, this being one. More to come...watch and see.

see also and compare: cui-bono

This man-exalting (as opposed to exalting the LORD) Babylonish global system presently being built is doomed to destruction. The LORD has already pronounced judgment on it, as it is corrupt through and through. This 'kingdom' of the self professed elite will in fact come to fruition for a time though, but the foregone conclusion as outlined in the 18th chapter of the Book of Revelation is certain.
Here is a portion of the description of that fateful day when the merchants of the earth shall witness firsthand the destruction of their beloved Babylon, the 'city of man':
Rev. 18:11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble,13 And cinnamon, and odors, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.
Rev. 18:4

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