Forum Post: Non-Partisan Government Report: Federal Reserve Is Riddled with Corruption and Conflicts of Interest

Non-Partisan Government Report: Federal Reserve Is Riddled with Corruption and Conflicts of Interest

http://www.washingtonsblog.com/2011/10/federal-reserve-riddled-with-corruption.html

The GAO detailed instance after instance of top executives of corporations and financial institutions using their influence as Federal Reserve directors to financially benefit their firms, and, in at least one instance, themselves. “Clearly it is unacceptable for so few people to wield so much unchecked power,” Sanders said. “Not only do they run the banks, they run the institutions that regulate the banks.”