Friedmanism at the Fed

The Nation
by Greg Kaufmann

02/25/10

Ongoing Congressional investigations into the AIG bailout have put the incestuous and murky relationship between the Federal Reserve and Wall Street in the spotlight — and put Treasury Secretary Timothy Geithner and Fed chair Ben Bernanke in the hot seat. Calls for Geithner’s resignation regularly reverberate inside the Capitol, and Bernanke’s recent reappointment was opposed by thirty senators, including Republican John McCain and independent Bernie Sanders. Critics from both sides of the aisle fault Geithner and Bernanke for mismanagement, unnecessary secrecy and undermining Congressional oversight. But neither of them has been the target of questions about gaming the system for personal financial gain...

//www.thenation.com/doc/20100315/kaufmann


Informant: Thomas L. Knapp



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