If you take a peek inside the N. Y. Fed, courtesy of Carmen Segarra (above) and the tapes she made of meetings when she was working there, you’ll discover a truly egregious breach of public trust by the institution, one which should have criminal consequences for its leaders, past and present, like Timothy Geithner below:
We the taxpayers pay the members of the N. Y. Fed to regulate Wall Street, to make sure it doesn’t engage in reckless and criminal behavior that might, just possibly, bring down the world economy, as it very nearly did in 2008.
They take our money and do just the opposite — they coddle and suck up to Wall Street, in essence shielding it from meaningful scrutiny and regulation, all the while knowing that if they do this well they can cash in with lucrative jobs on Wall Street once they leave the Fed.
This is direct theft from the public treasury for personal gain — those who engage in it should be in jail. Any president who condones it — I’m talking to you, Barry — should be impeached.