Ben Bernanke-—
No audit, no confirmation.
The Fed is a private bank with public powers
The NY Fed has made the case they answer to no one in Government. Only their member banks. And some of their member banks are the ones who crashed our markets with derivatives
I believe no one at the NY Federal Reserve is appointed by the Federal Government, the President and Congress. Bernanke as head of the Fed is
I don’t know I agree with this article and the our representatives gave them the power and CAN take it away.
http://thedailybell.com/681/Nelson-Hultberg-The-Fed-is-a-Fascist-Cartel.html
” And some of their member banks are the ones who crashed our markets with derivatives”
I don’t believe that’s accurate. The derivatives market was created by non-member financial firms, in what was called “the shadow banking system”. This financial sphere was not subject to Federal Reserve regulation, and some of their innovations were the ones that destabilized the world financial system.