That is, the bank’s robbery of you! Is this the bill (PDF)? Can’t say for sure. New debt limit: $11,315,000,000,000. That’s $38,000 per capita. Update: Michael Hall writes:Section 128 changes effective date from Oct 1 2011 to Oct 1 2008 for this section of current law: SEC. 202. INCREASED FLEXIBILITY FOR THE FEDERAL RESERVE BOARD TO ESTABLISH RESERVE REQUIREMENTS. Section 19(b)(2)(A) of the Federal Reserve Act (12 U.S.C. 461(b)(2)(A)) is amended– (1) in clause (i), by striking `the ratio of 3 per centum’ and inserting `a ratio of not greater than 3 percent (and which may be zero)’; and (2) … Continue reading Legalized Bank Robbery