“I want to thank many of you for the strong support that you have given my Senate re-election campaign in Vermont. It is very much appreciated. Let me take this opportunity to keep you informed as to what our campaign is up to.”
On the Ed Show, Bernie talks about Wall Street’s cozy ties with some legislators.
“I think the real story is – and everybody should understand this – this is not a question of Congress regulating Wall Street, this is much more a question of Wall Street & all of their money regulating Congress.”
Bernie talks about conflicts of interest at the Fed on CNBC.
“The issue here is not hard to understand. The fed plays a very important roll in our economy… Do you really want people like Jamie Dimon, representing JP Morgan Chase, sitting on the New York Fed, which is supposed to be regulating Wall St? I think that that is a very obvious and apparent conflict of interest.”
“This is not just Jamie Dimon… According to the GAO… you have 17 other individuals, past and present members of Feds, who collectively – 18 of them collectively – their financial institutions received $4 trillion in very low interest loans during the bailout period. So, again, if this is not the fox guarding the hen house, then I don’t know what is.”
By Pedro Nicolaci da Costa Federal Reserve Chairman Ben Bernanke said on Thursday it is up to Congress to address any conflict of interest created by having JPMorgan CEO Jamie Dimon on the board of the New York Fed, which regulates his bank. The potential conflict was brought to light recently by a surprising multibillion-dollar […]
By Carolin Salas Gage Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank is willing to work with Congress on a bill that would remove bank executives from the boards of regional Fed banks. “If Congress wants to change it, of course we will” work with lawmakers, Bernanke said today in response to […]
Watch Bernie discuss Ben Bernanke & the Fed on MSNBC’s Jansing & Co.
“We need a Fed that starts representing ordinary people, the middle class; Main St, not Wall St. We have to get the bankers off of the Fed.”
Bernie talks with Bill Press on his radio show about Wall Street greed.
“The lesson to be learned from the recent fiasco at JP Morgan Chase is that these guys have learned nothing since Wall Street drove this country into the worst recession since the 1930s.”
By Robert Auerbach The most powerful government regulator of banks, the Federal Reserve — the Fed — provides a prominent role in its bureaucracy for the banks it regulates. Each of the Fed’s 12 district Federal Reserve Banks from Boston and New York City to Kansas City and San Francisco has a board of nine […]
By David Fagin It’s a nice, quiet Memorial Day weekend. Kids frolic on the beach, friends barbecue in backyards, and the Securities and Exchange Commission decides to announce it’s tip-toeing away from the biggest corporate bankruptcy scandal in U.S. history, without prosecuting a soul. One question that arises, is, perhaps the SEC picked Memorial Day […]