Tuesday, April 21, 2020

Sarah Bloom Raskin on the bailout and its aftermath

https://prospect.org/economy/the-bailout-the-fed-and-the-aftermath/

 

Sarah Bloom Raskin was a Governor of the Federal Reserve Board and then Assistant Treasury Secretary in the Obama administration. She is the wife of Rep. Jamie Raskin. She explains the need for transparency in the CARES Act and related actions by The Fed and also indicates that a large-scale restructuring of the entire economy may be imminent. It could heighten economic inequality and monopoly or it could help build a more equal and sustainable system.

 

Charlie Cooper

Get Money Out – Maryland (GMOM)

 “We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” – Louis Brandeis

 

 

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