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JFK and the Federal Reserve - A Historical Perspective
#40
A search found many, many iterations of the same kernel of data surfacing in Marrs, 1989, and this interesting and detailed discussion of James Saxon and the legislation regulating the banking industry:

The Comptroller and the Transformation of American Banking, 1960-1990

By Eugene N. White

Chapter Two
The Banking Revolution Begins
1960-1972

(Phil's note: I found pages 11-22, beginning here, of interest)

http://books.google.com/books?id=sII_dLAeZBgC&pg=PA7&lpg=PA7&dq=James+J.+Saxon+Comptroller+of+Currency+jfk&source=bl&ots=7ut-jNksbW&sig=RgXWuctnWCPcrqCJDqxCB0u0zzs&hl=en&sa=X&ei=TcASUMuLBYffrQGCvIGIBg&ved=0CE0Q6AEwADgU#v=onepage&q=James J. Saxon Comptroller of Currency jfk&f=false

Of note on page 18, in 1962 Comptroller Saxon convinced the FDIC and Federal Reserve to make the first surprise call since 1916. The Federal Reserve and FDIC refused to agree to a second suggested by Saxon.

Well, that would be too much transparency, wouldn't it.

And now the political climate makes the formerly outre audit of the Fed the cat's pajamas.

When Peat Marwick and the FDIC came to our Boston bank it never reconciled.

With the recent evaporation of several trillions, Congress asking Where's the Money being stonewalled, we may be certain everything is simply a rounding error.

Since they rounded the turn at Elm, the books balance, see.
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JFK and the Federal Reserve - A Historical Perspective - by Phil Dragoo - 27-07-2012, 06:18 PM

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