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Forum Post: Doug Henwood: On Occupy Wall Street and the Federal Reserve

Posted 12 years ago on Oct. 18, 2011, 2:21 p.m. EST by lurch194 (75) from Guatemala City, Guatemala
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[-] 1 points by lurch194 (75) from Guatemala City, Guatemala 12 years ago

"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."