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There's been more hot talk and debate over the Federal Reserve Bank of Richmond's unprecedented decision to fly the homosexual "pride" flag underneath its U.S. flag for the entire month of June. Just call it "Flag-Gate." Local, state and national media are all over the story. Richmond talker Doc Thompson made it a priority topic today on WRVA (he's against it, too) and tomorrow morning the Lee Brothers will discuss it on the same station. Below, is how WTVR/CBS6 treated it last night, with sound bytes from our very own, Victoria Cobb, and Bishop Gerald Glenn, former chaplain of Pastors For Family Values.
So much for this being all about "inclusivity." Treading where it doesn't belong, the Richmond Fed has alienated a large segment of the community.
Our comments earlier today regarding the Federal Reserve Bank of Richmond's unprecedented flying of the homosexual pride flag has sparked a media and political frenzy of sorts. Earlier, OneNewsNow.com reported on the controversy, quoting Family Foundation President Victoria Cobb. It caught the attention of Delegate Bob Marshall (R-13, Prince William) who sent a blistering letter to Richmond Fed President Jeffery Lacker. Julian Walker of the Virginian-Pilot appears to be the first to report it tonight, about an hour ago (8:47) followed by our friend Greg Letiecq at Black Velvet Bruce Li, who enthusiastically applauds the delegate for his rebuke — and well deserved, too. Delegate Marshall takes on the misinformation that the Federal Reserve somehow is unaccountable because it is a private entity. But it is chartered by Congress under federal law and its Board of Governors are approved by Congress. It controls the nation's money supply, the amount of currency that is printed (inflation, anyone?) and interest rates for crying out loud! For a private entity, with no governmental accountability, it seems to do massively important governmental functions. Below is Delegate Marshall's letter — with its unfortunate misspelling of Mr. Lacker's name.
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