"The funding of the CFBP, which comes from the Federal Reserve, is not subject to congressional oversight."
She works in the gilded palace of sin. Her paycheck is not signed by the Treasurer of the United States which is what Federale "workers" get. Her paycheck is signed by Ben Bernanke or whoever signs the paychecks at the Federal Reserve. Which is a private bank with some limited personnel appointed by the President to give it a veneer of accountability to the American people. But the people the Federal Reserve really answers to are the major banks that hold stock in it Thank you very much for that information.
Her friend, the newly elected MA Senator, Elizabeth Warren, appointed her to this cushy job.
Thick as thieves, these demonic-rats.
Furthermore.....:)
Even Mark Styne made this mistake a few days ago, to think the Federal Reserve Bank is part of the US Federal Gov't. In an OC Register column he said it was a farce for one branch of the Federal Gov't (Federal Reserve) to buy up debt issued by another branch of the Federal Gov't, The US Treasury.
But this is absolutely incorrect because the Federal Reserve is privately owned and good luck finding exact details on who owns and how much though we know it is the major banks of America such as Chase, Citi etc. The Federal Reserve operates in secrecy.
Elizabeth Warren appointed her? To help it's popular image and to play footsie with liberal US Senators, the Federal Reserve set up and funds this program while lib Senators get to appoint their favorites to it. Plus I can guarantee you this Fed Reserve department is an affirmative action hiring hall. Mo' jobs for incompetent hacks, liberals and minorities...Yippee!!!!
These days the Federal Reserve buys 60% of the debt the US Treasury issues. This private bank is buying up most US debt because the Chinese have stopped.