The Trouble With the Fed Is That Too Many Bankers Run It ... Not!

Bernie Sanders: The big banks rule the Fed, here's how to fix it ... The independent senator from Vermont is taking aim at the make-up of the Federal Reserve's board of directors, arguing it has too many bankers. At a time when the rally against Wall Street and corporate greed gains momentum, a U.S. government report released last week raises a question few protesters probably think about: Are too many members of the U.S. Federal Reserve board of directors from the banking sector? After all, the Fed regulates many of the very same companies that its members run, and so this potentially poses a conflict of interest, according to the Government Accountability Office. While the report didn't find that these firms directly benefited from the Fed, it confirmed worries that several financial firms and corporations could have gained from their executives' close ties to the Fed. – Fortune

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