Forum Post: Doug Henwood: On Occupy Wall Street and the Federal Reserve
Posted 13 years ago on Oct. 18, 2011, 2:21 p.m. EST by lurch194
(75)
from Guatemala City, Guatemala
This content is user submitted and not an official statement
"The Federal Reserve is admittedly manna for conspiracists. It’s a fairly opaque institution that does work for the big guys. But it’s not their puppet exactly. A friend who spent many years at the New York branch of the Fed once told me that within the institution, the thinking is that bankers are short-sighted critters who come and go but the Fed has to do the long-term thinking for the ruling class. So it has more autonomy than the popular tales allow."