Monday, May 14, 2012
Elizabeth Warren: Jamie Dimon Should Resign From New York Fed Board
Stop putting the foxes in charge of the hen house. What a novel idea. So far, Warren seems to be about the only one in politics saying it. With the predictable push-back from Wall Street.
Read it at The Huffington Post
Elizabeth Warren: Jamie Dimon Should Resign From New York Fed Board
by Mollie Reilly
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3 comments:
The FED purpose is to serve banks, specially the crooked NY FED. Why should Wall St. bankers stop ruling FED decisions!?
What legally is supposed to be does not matter, is reality what matters.
Just like the SEC or the CFTC are to serve other financial types and institutions.
Warren got chewed up and spit out by Wall Street and the Administration. She won't beat Scott Brown in that Mass Senate race, either.
Bottom line is the public's outrage has not gotten past Wall Street's primary line of defenses, which is huge money and the incestuous nature of its relationship with Washington.
Mike -- Excellent point about the public outrage. And until that outrage can push past those defenses, we are not going to get very far, I fear.
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