Stiglitz: The Fed Is Corrupt And Dominated By Big Banks

John Carney
Business Insider
March 9, 2010

Joseph Stiglitz explained to Maria Bartiromo why he thinks the Fed is desperately in need of reform. Basically, it comes down to the influence the banks have in selecting the Fed chairman. How can we expect effective regulation or fair financial rescues from men who owe their power to the heads of the biggest banks?

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