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View Diary: Wall Street might not be growing tulips, but it's still spreading manure (153 comments)

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  •  The Fed as currently set up seems to be beyond the (0+ / 0-)

    … reach of any kind of actual accountability. Why is that good?

    Do private banks actually jointly "own" the Federal Reserve Bank of New York, as I've occasionally seen mentioned?

    Can "regulatory capture" by those same banks be avoided? How? Otherwise a closed clique of elite bankers are basically regulating themselves in secret, which as we now know is tantamount to having no regulation at all.

    48forEastAfrica - Donate to Oxfam The Dutch kids' chorus Kinderen voor Kinderen wishes all the world's children freedom from hunger, ignorance, and war.

    by lotlizard on Sun Oct 02, 2011 at 11:20:32 AM PDT

    [ Parent ]

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