Friday, June 26, 2020

The Federal Reserve is run by millionaires

https://mattstoller.substack.com/p/every-federal-reserve-board-member

 

Everyone on the Fed Board is a millionaire, but, since the agency’s job is regulate lending markets, borrowers should also be represented. Also, there are various tidbits about U.S. anti-trust enforcement – or lack thereof. Mergers have reduced the number of black-owned banks and removed grocery stores from black communities.

 

Charlie Cooper

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