Wall Street owns Washington DC – figuratively speaking. In literal terms, the largest banks in the nation own the Federal Reserve.
Congress Still Covering for the Fed’s Bailouts #moneymetals https://t.co/2OZI6XJ8J1
— Money Metals Exchange LLC (@MoneyMetals) December 9, 2019
Congress Still Covering for the Fed’s Bailouts
This was on full display at last week’s Committee on Financial Services hearing. “The Honorable Randal Quarles,” Vice Chairman of Supervision at the Fed, was among three people called to report for purposes of “oversight.” A memo outlining the topics of discussion was published by the committee.
