Over the last couple of days, I’ve written about the blatant ethical violations of Kathryn S. Wylde, a member of the Federal Reserve Bank of New York. One thing struck me in particular about the Fed’s rules for its Class C directors: Class C directors are prohibited from owning bank stocks, for example,… […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Settlements"
Fed’s “Public Rep” Bank Shilling Scandal, Day Three: Conflict of Interest
Posted on 26 August 2011.
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Fed’s “Public Rep” Bank Shilling Scandal, Day Two: Crickets
Posted on 25 August 2011.
Apparently, if you shill for the banks AND violate ethical standards set forth by the institution on whose board you sit, no one really cares. Not the editorial boards of newspapers. Not the transcribers of press releases (formerly known as "journalists"). Not elected officials. And not advocates for the public interest. Nope. The […]
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The Fed’s “Public Representative” Shills For The Banks: Resignation In Order?
Posted on 23 August 2011.
I doubt few people think the Federal Reserve is anything but a mouthpiece for the big financial institutions. And most people would be right–after all, the Fed’s Board of Governors and the branches are effectively run by creatures of the banks. But, the least we can do is make sure that we […]
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Obama Should Borrow Schneiderman’s Pair, Not Try To Cut Them Off
Posted on 22 August 2011.
This is the world we live in. When a politician, who represents the people, decides to stand up to powerful interests who have robbed the people, his political peers try to foil him. On the other hand, if you kiss the ass of powerful interests, you get campaign contributions. And we wonder why the […]
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