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The Federal Reserve is a bank.
Its customers are the banks and the US government.
What do you expect them to do -- look out for the best interests of US and world consumers?
Throw the dog a bone and feed the Banks and Wall Street is what the Federal Reserve will always do. To think otherwise is naive. -
i like how Sanders talks like he's not part of the problem. nice grandstanding berns.Comment
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It's mostly rhetoric and grandstanding on Sanders part. But Alan Greenspan was a tool and a fool
The results of Greenspan's policies are the cause of a lot of the problems today but Greenspan had help all along the way. The Fed needs to be kept on a short leash as it is not a branch of the Treasury Department or the US government.
The US Fed is more like the ''black hand'' of money.Comment
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They won't get nominated so they won't be elected. They each have a Senate voice -- that is probably where they can do the most good realistically.
This just a rerun of Eugene McCarthy's failed bid for the Democratic party's nomination in 1968 IMO see: https://en.wikipedia.org/wiki/Eugene...ntial_campaign that I vocally supported -- the issues may be different but the result will most likely be the same.
The economic systematic changes, if any, will have to come from the Congress. Notwithstanding Trump, all of the candidates will need to raise funds to compete. Buy news media and advertising outlet stocks -- they will be the ones that make money next year they do every election year. Elections are just another business in the USA.Comment
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i couldn't care less about passion in this context and here's why: that passionate display was in 2003 from a career politician who is still in office and nothing has changed based on that passion.
he's part of the problem, exactly like ron paul squealing about politics as usual from his comfy senator's chair he had been sitting in for decades.Comment
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QFT!It's mostly rhetoric and grandstanding on Sanders part. But Alan Greenspan was a tool and a fool
The results of Greenspan's policies are the cause of a lot of the problems today but Greenspan had help all along the way. The Fed needs to be kept on a short leash as it is not a branch of the Treasury Department or the US government.
The US Fed is more like the ''black hand'' of money.
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