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snyps on 03 January 2014
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Kasz216 said:
snyps said:

1)  One says confirmed by representatives, the other elected by representatives.  There is a difference, the difference is where the power with congress or the president. You choose not to see it.  

 

2)  If the representatives can not run for election to be on the board then please provide a source.  I couldn't find one,  Could you please?  However,  even if they can only nominate and elect non-representatives that power to do so still resides in their parliament.  Not the prime minister.  The pm can pick the chair but not the entire board!  Too much power in the executive branch is one of the reasons our fathers fought a revolution.

 

3) I believe it is more difficult to buy hundreds of candidates vs. two because of the logistics.  Operationally, two is easier to manage.

1) It's not really much of a difference... and again.  You aren't even talking about the head of the Icelandic Fed.  That'd be the Govoners.

2) How about the fact that none of the members on the board are representatives and never have been?

 

Also.  The Govenor is not head of the Supervisory Board.

The Chairmain of the Supervisory Board is the head of the supervisory board

The Govoner and Vice Govoner are head of the Icelandic banks.  There are only 2 (previously 3) instead of 12, beacuse there are much much fewer banks in Iceland then in the USA.

The Supervisory board are primarily regulators.   Like say the FDIC... or the lower level Federal Reserve regulators... whose names i don't even know.

 

3)   I don't really see how.  Afterall, we're talking massive companies with hundreds if not thousands of employees.   The price discount far outweighs any logiistcs needed.

The size of lobbying companies pretty much gurantee this.


1)  You can try to diminish the importance of a Body of Representatives who nominates and elects those in power at the Central Bank but all you prove is your indifference to one single person dictating the more important acts of ruling power. 

 

2) That's not a source.  Also.  Is anyone in the federal reserve nominated by congress? No.

 

3) There's no price discount by giving less to more.  And keeping 1 person in check is possible.  Keeping ~400 less so.