Fed Governor Stein, "Rethinking Macro Policy II": IE! .. TBTF & To Big To Jail to Cyprus American bank accounts

http://www.federalreserve.gov/newsevents/speech/stein20130417a.htm

Perhaps more to the point for TBTF, if a SIFI does fail I have little doubt that private investors will in fact bear the losses--even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution. And as a member of the Board, I am committed to following both the letter and the spirit of the law.

Coyote Howlin I [CHI] ~ THE LETTER AND THE SPIRIT OF THE LAW.  Whose Letter & Spirit of exactly whose Law?

Ouch.  The Fed's secret government:  BLOB, is about to go down the history toilet, of flush and begone bad bile.

First, the United States Constitution has a PREAMBLE, Fed.  That CONTRACT just got vitiated:   even if this leads to an outcome that is messier and more costly to society ...

The Fed is a private cartel that invests in whatever product can destroy the human being and every species on earth and of course space has no boundaries.  Too bad about the GD Piece of Paper, U.S. Constitution .. that the Fed has violated repeatedly since the foreign invading occupiers' coup.

The Fed is excited about how messy and costly to society because it means so much more for the Fed.  Messy and costly to society, we understand the game the Fed plays because now we're getting expert at being the victims necessary for the Old Testament to keep reeling US into a state of oblivion.

NOT FAIR.  Digital slavery via the Fed.

Fed and its private criminally insane are not invisible by any stretch of an imagination.  Ghetto human filth are the so called Federal Reserve System - Fed - and ITS' BLOB's ideology.

"Money?"  Please the computer keystrokes virtual digits are not exactly what was a majority decision in transparency of the money of the U.S.A.  No competition with the Fed's money that  just keeps rolling in while the power over nature appears to be moving right along in chemicals destroying all the five elements for life.

What Mr. Stein has told us in his speech, confirms Matthias Chang  .. the Cyprus robbery of depositors' funds is the next game on the board of how does America look in the messiest and most costly Palestinian ghetto burning US in Dante's frozen ice hell forever reality. 

No Bank Deposits Will Be Spared from Confiscation
  >>http://futurefastforward.com/images/stories/financial/No_Bank_Deposits_Will_Be_Spared_from_Confiscation.pdf 

I challenge anyone to prove me wrong that confiscation of bank deposits is legalised daylight robbery, By Matthias Chang

http://www.theartof12.blogspot.com/2013/04/final-phase-of-global-financial-tsunami.html