“Following the 2008 financial crisis, the Federal Reserve provided more than $4 trillion in near zero-interest loans and other help to banks and businesses whose executives also served as directors for the national bank.
At least 18 current and former Fed regional bank directors had a direct stake in the trillion-dollar bailout given to teetering institutions, according to a report produced by theGovernment Accountability Office, but released by Senator Bernie Sanders (I-Vermont).”
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And here people think the Federal Reserve is a totally independent group not attached to or related to the US banks.
Of course it is. And it’s not independent.