Stiglitz: The Fed Is Corrupt And Dominated By Big Banks

in gld Gold Gold Spot Market by admin — March 9, 2010 5:26 am | no comments

John Carney Business Insider March 9, 2010 Joseph Stiglitz explained to Maria Bartiromo why he thinks the Fed is desperately in need of reform. Basically, it comes down to the influence the banks have in selecting the Fed chairman. How can we expect effective regulation or fair financial rescues from men who owe their power to the heads of the biggest banks?

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Stiglitz: The Fed Is Corrupt And Dominated By Big Banks

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