Cain is the Federal Reserve pick where he worked. Amazing how clueless some people are about The Fed. He would be cleaner if he had worked at Goldman Sachs. The Fed - screwing retirees and savers. And no they are not part of the Treasury Dept.
I think that’s #20 on posting abt Cain and the Fed in the past 2 days.
Whatever, Alex. Or is it Lyndon?
Is that the worst you can say about him?
John, it has been pointed out to you over and over and over and over that Cain was a REGIONAL Fed president- this is not the same as the
Regional Presidents have NOTHING to do with monetary policy, currency valuation, or any of the things that we associate with some candidates complaining about the Fed. The regional Fed banks have the role of clearing checks, helping banks move money between each other, and ensuring that they all comply with regulations and file the proper paperwork. Their roles are legal and legitimate.
They are about as related to Bernakie as Federal Express does. Just because it has Fed in the name, doesn’t mean it is the same.
Cain’s REGIONAL Presidency role is a resume boost.
Have you yet gotten anyone that is backing Cain to say “Oh thank you so much for that info, now I won’t support him?”
Or are you just spittin’ in the wind?
He didn’t work there. He served on the board of directoes in the town where he lived. I am drlighted that one of three favorrite cndidates is drawing rave reviews! Go Herman!