in

Bernie Sanders: The Fed Has Been Hijacked by the Very Bankers It Regulates

Democratic presidential hopeful Bernie Sanders criticized the Federal Reserve on Wednesday, claiming the central bank has been “hijacked” by the bankers it regulates. Sanders called for reform in the institution, stating that bank executives should be prohibited from serving on regional Federal Reserve governing boards.

Sanders has also criticized the Fed’s decision to raise interest rates, and in a recent opinion piece posted on the New York Times, he claimed that Wall Street is “out of control.”

In his piece, Sanders noted that chief executives of some of the largest banks in the country serve on Federal Reserve Boards, likening the arrangement to big oil companies holding a position on the Environmental Protection Agency board.

Bernie Sanders has been relentless in his focus on the troubles of Wall Street, which is the continued pressure on Hillary Clinton, the Democratic front runner. Clinton is known for her friendly relations with corporate America, and throughout her campaign, has received significant donations from major banks.

Sanders called for the Federal Open Market Committee to release “full and unredacted” transcripts from its meetings within six months, instead of the current 5-year requirement. He also proposes that the Government Accountability Office conduct an independent and complete audit of the Federal Reserve.

Written by Andrew

67 Comments

Leave a Reply
  1. Pretty section of content. I just stumbled upon your site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently quickly.

  2. I ust couldn’t depaart your site beforee uggesting tthat I actualpy lloved thhe standard info aan indivixual provide
    iin our visitors? Is gong too bee agvain oftyen too check
    outt new posts

  3. Q: How do you make someone fall in love with you?
    A: generic viagra online pharmacy uk Foremost trends of medicines. Read here.
    It is entirely strong to ejaculate more or less than three times a week! The usual ejaculation frequency in support of men ranges from two to seven times a week, which is a unbelievably broad gap. So it’s sharp that there’s no exact or off target be to blame for, nor are there any valuable robustness risks associated with ejaculation frequency.

One Ping

  1. Pingback:

Leave a Reply

Your email address will not be published. Required fields are marked *

hillary greets supporters

Hillary Clinton Responds to Trump’s Insults

Bernie Sanders

Trump is “Very Smart” States Presidential Hopeful Bernie Sanders