Good article by Senator Bernie Sanders on why and how the Federal Reserve should be altered to better serve the public purpose.
An excerpt: "The emergency response from the Fed appears to have created two systems of government in America: one for Wall Street, and another for everyone else. While the rich and powerful were "too big to fail" and were given an endless supply of cheap credit, ordinary Americans, by the tens of millions, were allowed to fail. They lost their homes. They lost their jobs. They lost their life savings. And, they lost their hope for the future. This is not what American democracy is supposed to look like. It is time for change at the Fed -- real change."
Sounds a lot better than the neo-liberal, flaccid proposals by Obama and the gang.
2 comments:
it's only flaccid because it comes from Obama who is still trying to be bipartisan
it's neo liberal because he is being held up by the neo cons at the bank
Here is Beowulf's proposal's for Bernie Sanders - 4 Ways to Change the Fed
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