Federal Reserve
Audio: Congressional Corner with Bernie Sanders (WAMC)
November 18, 2011
Part 1 (11/16/11) – The Federal Reserve has found itself under siege from both sides of the political spectrum. In today’s Congressional Corner, Vermont Senator Bernie Sanders tells WAMC’s Alan Chartock that Fed is fraught with conflicts of interest that have hurt the American people. Listen to part 1 >> Part 2 (11/17/11) – The [...]
Sen. Sanders Editorial: Fed needs injection of transparency (Politico)
November 6, 2011
By Sen. Bernie Sanders As a result of the greed, recklessness and illegal behavior on Wall Street, Americans have experienced the worst economic crisis since the Great Depression. Millions have lost their jobs, homes, life savings and the ability to send their kids to college. Wages as a share of national income are now at [...]
Top Economists to Advise Sanders on Federal Reserve Reforms (Seven Days’ Blurt)
October 24, 2011
By Shay Totten What do a Nobel Prize-winning economist and U.S. Sen. Bernie Sanders (I-VT) have in common? They both want to reform the Federal Reserve. Joseph Stiglitz, the 2001 winner of the Nobel Prize in economics and an economics professor at Columbia University, is one of nearly 20 of the nation’s leading progressive economists [...]
Report shows Federal Reserve boards filled with business and financial executives (The American Independent)
October 21, 2011
By Nicolas Mendoza With Republicans in Congress unwilling to pass President Obama’s jobs bill, many believe that the Federal Reserve is the only institution left that can lift the economy out of its seemingly perpetual slump. That has led to the normally quite secretive Federal Reserve, the nation’s most important economic institution, coming under increased [...]
Should Bankers Serve on Federal Reserve Bank Boards? (The Atlantic)
October 20, 2011
By Daniel Indiviglio Just what the Federal Reserve needs: more controversy. A new Government Accountability Office report to Congress that investigates the central bank has some not-so-flattering conclusions. Some regional Fed bank board members are also bankers, which creates a potential conflict-of-interest. Of course, anyone who follows the Fed already knew, so this news isn’t [...]
Sen. Sanders gathers economists for his planned Fed overhaul bill (The Hill’s On The Money)
By Peter Schroeder Sen. Bernie Sanders (I-Vt.) on Thursday unveiled a dozen economists he has tapped to help draft a plan to overhaul the Federal Reserve he says is “riddled” with conflicts of interest, among other problems. Headlining the group are Joseph Stiglitz, a Nobel Prize winner and former top adviser to President Clinton, and [...]
Video: Dylan Ratigan Show: Exposing secrets of the Federal Reserve (MSNBC)
October 19, 2011
Visit msnbc.com for breaking news, world news, and news about the economy
Report: Fed directors benefited from bailouts (Washington Examiner)
By Joel Gehrke Multiple directors or former directors of the Federal Reserve banks who played a key role in the 2008 bailouts had an apparent conflict of interest, according to a Government Accountability Office (GAO) report. These directors had business relationships with companies and banks that received large infusions of government money. The office of [...]
Conflicts Of Interest Abound At The Federal Reserve, Report Finds (HuffPost Business)
By Alexander Eichler When the Federal Reserve was handing out emergency loans during the financial crisis, some of the money didn’t have to travel very far. More than a dozen members of the regional Federal Reserve boards have had ties to banks or companies that received emergency funds during the crisis, according to a new [...]
GAO: Fed needs to be more transparent about its directors (The Hill’s On The Money)
By Peter Schroeder The affiliation of its directors with financial firms poses “reputational risks” to the Federal Reserve, according to a new study, and the central bank needs to be more transparent about those ties. The Government Accountability Office (GAO) said the connections of various Fed directors, especially since the financial crisis, need to be [...]
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- Pew Research study shows "A Rise in Wealth for the Wealthy; Declines for the Lower 93%": http://t.co/B1x3G2Z0gM
- Check out the op-ed The Soul of America by @FriendsofBernie in @HuffingtonPost regarding #fiscalcliff and #debtceiling http://t.co/6I505g7W