The Fed’s Token Voice Of Reason: Megabanks Undermine Americans’ Faith In Democracy
SUNDAY, MARCH 17, 2013 AT 6:17PM
At the Conservative Political Action Conference, as the GOP struggled with its future, some speakers drew crowds of over 1,000 people. But Dallas Fed President Richard Fisher was shuffled off to “an out-of-the-way ballroom†Saturday morning with barely two dozen people showing up; yet he’d talk about “the injustice of operating our economy under the thumb†of too-big-to-fail banks.
To cater to his audience, Fisher, who’d served in two democratic administrations—assistant to the Treasury Secretary in 1978–79 and deputy US trade representative in 1997-2001—started out with a hilarious and poignant story that a “great raconteur†and Republican hero, Ronald Reagan, had told him during the 1984 Republican Convention in Dallas:
http://www.testosteronepit.com/home/2013/3/17/the-feds-token-voice-of-reason-meg
The Fed’s Token Voice Of Reason: Megabanks Undermine Americans’ Faith In Democracy
SUNDAY, MARCH 17, 2013 AT 6:17PM
At the Conservative Political Action Conference, as the GOP struggled with its future, some speakers drew crowds of over 1,000 people. But Dallas Fed President Richard Fisher was shuffled off to “an out-of-the-way ballroom†Saturday morning with barely two dozen people showing up; yet he’d talk about “the injustice of operating our economy under the thumb†of too-big-to-fail banks.
To cater to his audience, Fisher, who’d served in two democratic administrations—assistant to the Treasury Secretary in 1978–79 and deputy US trade representative in 1997-2001—started out with a hilarious and poignant story that a “great raconteur†and Republican hero, Ronald Reagan, had told him during the 1984 Republican Convention in Dallas:
#politics