Foundation for Economic Education » NY Fed’s Intimacy with Wall Street Raises Concerns

NY Fed’s Intimacy with Wall Street Raises Concerns

Posted By Sheldon Richman

“[T]he [New York Federal Reserve] bank is so close to Wall Street — physically, culturally and intellectually — that some economic experts worry that the New York Fed puts the interests of the financial industry ahead of those of ordinary Americans.” (Washington Post ^[1], Monday)

They’re just starting to worry?

FEE Timely Classic
“Of, By, and For the Elite” ^[2] by Sheldon Richman

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/ny-feds-intimacy-wall-street-raises-concerns/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/19/AR2009071902148.html

[2] “Of, By, and For the Elite”: http://fee.org/articles/rule-elite/

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