Bernie Sanders & Federal Reserve

Bernard Bernie Sanders (born September 8, 1941) is the junior United States Senator from Vermont. He previously represented Vermont's at-large district in the United States House of Representatives. The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. 5.0/5

Bernie Sanders Federal Reserve Government Accountability Office Wall Street Jamie Dimon Republican Senator Ron Paul Alan Greenspan Ben Bernanke United States Elizabeth Warren Barbara Boxer Great Depression Senator Bernie Sanders New York Fed Joint Economic Committee

Bernie Sanders loses his mind on the Chairman of he Federal Reserve...
2003: Bernie Sanders tears into then-chair of the US Federal Reserve, Alan Greenspan -
Senate Sends Foxes to Guard Chicken Coop: Three nominees for the Federal Reserve governing board were confirmed on Thursday by the Senate. Two of the nominees have Wall Street banking ties. The third was a corporate consultant. Sen. Bernie Sanders voted no, the Los Angeles Times reported. The three…
The Federal Reserve Chair told Sen. Bernie Sanders (I-VT) that she shared his concerns about wealth inequality and its distorting effects on democracy, but she declined to offer any solutions.
A Real Jaw Dropper at the Federal Reserve Ben Bernanke , Bernie Sanders , Federal Reserve , Wall Street , Bailout. At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information. It is unfortunate that it took this long, and it is a shame that the biggest banks in America and Mr. Bernanke fought to keep this secret from the American public every step of the way. But, the details on this bailout are now on the Federal Reserve's website, and this is a major victory for the American taxpayer and for transparency in government. Importantly, my amendment also required ...
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim Demint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke (pictured to the LEFT), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning. What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2 ...
Bernie Sanders shared a link. Wednesday near Washington, DC. End Conflicts of Interest at the Fed: Sen. Bernie Sanders (I-Vt.) today introduced legislation that would ban bankers from sitting on the boards of directors for 12 regional Federal Reserve Banks that regulate the financial industry. Co-sponsored by Sens. Barbara Boxer (D-Calif.) and Mark Begich (D-Alaska), the bill also would end the practice of letting bankers have a say in the selection of the Fed directors that regulate them. A companion measure was introduced in the House by Rep. Peter DeFazio (D-Ore.). Sanders said, “I think the American people would be shocked to learn that the CEOs of some of the largest banks in America are allowed to serve on the boards of the main agency in this country in charge of regulating these financial institutions – the Federal Reserve. Allowing banking industry executives to serve on the Fed’s boards and hand-pick its members and staff is a clear conflict of interest that must be eliminated.” Continue ...
Today's news from Sen. Bernie Sanders (I-Vt.): Student Loans: With Student Loan rates set to double on July 1 to 6.8 percent, Sen. Sanders endorsed “excellent” legislation by Sen. Elizabeth Warren to set student Interest Rates at the same low 0.75 percent level that the Federal Reserve charges big banks. “The only thing wrong with this bill is that Elizabeth thought of it and I didn’t,” Sanders joked on The Thom Hartmann Program. FCC Nominee: President Obama’s nominee to head up the Federal Communications Commission will sell hundreds of thousands in AT&T and Verizon shares in order to avoid future conflicts of interest. Sen. Sanders and others previously expressed concern about Tom Wheeler’s close ties to the industry as a former lobbyist, The Hill reported. Pope on Poverty: Sen. Sanders applauded Pope Francis for condemning a “cult of money” that the pontiff said was oppressing the poor, WAMC-FM and The Huffington Post reported. Sanders “may have a like-minded activist in the Vatican ...
Six of the largest U.S. Banks assets = 65% of GDP According to testimony to a congressional oversight panel by Simon Johnson, a professor of entrepreneurship at the MIT Sloan School of Management. "Our six largest bank holding companies currently have assets valued at just over 63 percent of GDP," Johnson testified, citing figures for the fourth quarter of 2010. "This is up from around 55 percent of GDP before the crisis (e.g., 2006) and no more than 17 percent of GDP in 1995." Bernie Sanders has also been publicly claiming that these 6 banks' assets comprise "60%" of GDP. We wanted to find the original statistics, and we located them in a chart (SEE LINK BELOW) posted by the National Information Center, the federal repository of data about banks and other institutions for which the Federal Reserve has a supervisory, regulatory or research interest. The chart lists the 50 biggest bank holding companies as of June 30, 2011. Here are the top six and their total assets: 1. Bank of America Corp., $2.264 trill ...
Imagine that in 2008, instead of bailing out bankers who made criminally risky investments with investors' and depositors' money, we arrested them, bailed out the victims, and let better bankers take over. That is what Iceland did, meeting with a remarkably hushed silence in the American media. You mean you can arrest a banker? Make them feel steel around their wrists just like anyone else? As Sarah Palin would say, you betcha. Now it comes out, after Bernie Sanders' and Ron Pauls' recent partial audit of the Federal Reserve, that the Fed has issued another $16 trillion in bail-outs to banks, some of them not even American. Forbes: The Fed's $16 Trillion Bailouts Under-reported Tracey Greenstein, Contributor The media’s inscrutable brush-off of the Government Accounting Office’s recently released audit of the Federal Reserve has raised many questions about the Fed’s goings-on since the financial crisis began in 2008. The audit of the Fed’s emergency lending programs was scarcely reported by mai .. ...
July, 2011 - Partial Audit of the Federal Reserve Yet another story that has gone almost completely unreported on mainstream media networks is the story of the results of a partial audit on the Federal Reserve. This audit was many years in the making, as the central banking cartel fought it tooth and nail. The results of this audit reveal, unequivocally, one of the biggest lies in U.S. government history: That the full amount of the bailouts given to the banks total $26 trillion dollars(!) Did you catch that? $26 trillion dollars. This after the federal government had perpetrated a lie by telling us that the true amount of the bailouts was just over $1 trillion dollars. This information is verified on the websites of three high ranking politicians who have led the charge in this investigation: Senator Bernie Sanders of Vermont, U.S. Congressman Alan Grayson, and Congressman Ron Paul.
A lot of you have asked me for specific information. I had to find it-- this is an excerpt from an article plublished on Dec. 1, 2010 regardings Sen. Bernie Sanders requlation on auditing the Federal Reserve. Please remenber, The President nor the Secretary of the Treasury had the authority to do this. The Fed does not report to Congress or the President. "...What have we learned from today's disclosure? And, this is based on a 4 hour examination of over 21,000 transactions. We have learned that the $700 billion Wall Street bailout signed into law under George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs which received nearly $600 billion; Morgan Stanley which received nearly $2 trillion; Citigroup which received $1.8 trillion; Bear Stearns which received nearly a trillion; and Merri ...
Wanna cut the deficit? More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse, according to Government Accountability Office records made public for the first time today by Sen. Bernie Sanders
In the continuing saga of bankster bailouts and who got the money, Sen. Bernie Sanders (I-VT) has released some incredible information on who got $4 t
"Sen. Bernie Sanders on Wednesday explained the importance of ending conflicts of interest at the Federal Reserve. Jamie Dimon, the CEO and chairman of JPMor...
$4 trillion of the 2008 bailout went to banks and businesses of 18 Federal Reserve directors. Bernie Sanders releases their names.
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talk about a conflict of interest...compounded daily !!! "...Sen. Bernie Sanders has introduced legislation that would bar bankers like Dimon from serving on the Federal Reserve regional boards, which regulate banks..."
HousingWire shared the following link and had this to say about it: Two senators want bank executives banned from Fed boards senators Barbara Boxer and Bernie Sanders proposed a bill Tuesday that would block employees of banks regulated by the Federal Reserve from serving on the Fed's board of governors. read more. Dump Boxer.
On the heels of JPMorgan’s stunning trading losses, two senators on Tuesday unveiled a bill that would ban financial executives from regulating themselves by taking positions at the Federal Reserve. The measure is aimed at barring what Sens. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) call a...
Why is Jamie Dimon on a Federal Reserve Board? - Newsroom: Bernie Sanders - U.S. Senator for Vermont
The Week in Review: The trading debacle at JPMorgan Chase put a spotlight all week on way-too-weak federal regulations of financial institutions. Sen. Bernie Sanders on Thursday began rounding up backers for a bill to outlaw glaring conflicts of interest at Federal Reserve Banks, the government's chief bank regulator. A hearing on Tuesday examined why HIV/AIDS drugs are so expensive in America and explored a way to save patients and taxpayers money. Also on Tuesday, Sanders headlined a protest rally outside a D.C. conference staged by a billionaire whose hobbyhorse is dismantling Social Security. The senator discussed those and other topics in his weekly Friday radio and Internet appearance on The Thom Hartmann Program.
Here's a list of companies, released by Sen. Bernie Sanders, who made extraordinary profits over the last few years -- some of them after receiving billions, even hundreds of billions, in government bailout funds -- and paid very little if...
"I think they're really touching a nerve," Sen. Bernie Sanders said Tuesday of protests on Wall Street that have inspired demonstrations from Burlington, Vt., to Los Angeles. "The nerve is that the average American understands that as a result of the greed and the recklessness and the illegal behavior on Wall Street, these guys plunged us into the horrendous recession that we're in right now." Even Federal Reserve Chairman Ben Bernanke allowed that there was "excessive risk taking" by Wall Street when Sanders questioned him on Tuesday about the root causes of the recession and the concerns voiced by protesters. "They blame, with some justification, the financial sector with getting us into this mess," Bernanke told another member of the Joint Economic Committee. "I can't blame them," he added.
Financial institutions have received more than $2.3 trillion in taxpayer-backed loans and other financial assistance from the Federal Reserve. Sanders asked ...
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