Sen. Bernie Sanders on Wednesday explained the importance of ending conflicts of interest at the Federal Reserve.
Jamie Dimon, the CEO and chairman of JPMorgan Chase, serves on the New York Fed’s board of directors. The Fed supervises the financial sector and decides whether to provide bank holding companies with low-interest loans.
“The idea that we don’t have a Fed which is sitting there with knowledgeable, intelligent people who are fighting for the middle class and working families and not just for the profits of the large financial institutions — I mean, to me, that’s just a very simple reform,” Sanders said on Current TV’s Viewpoint.
“But at the end of the day, if we are serious about trying to rebuild the middle class of this country, rebuild our manufacturing sector, et cetera, no question we need real Wall Street reform. To get Wall Street reform, we need Fed reform. To get Fed reform, we’ve got to get the bankers off of the regional Feds.”
Sanders has introduced the Federal Reserve Independence Act to prohibit banking industry executives from serving as Fed directors.
Watch video, courtesy of Current TV, below:
Ben Stein: Black people have a ‘very deep attachment’ to feeling like ‘they’ve been victimized’
On Monday's edition of Fox Business' "Trish Regan Primetime," conservative writer and actor Ben Stein complained about how African-Americans refuse to be grateful for what President Donald Trump is doing for them because they have an "attachment" to feeling like "they've been victimized."
"Let me ask you, though, Ben, in this environment, we're now looking at the lowest unemployment rate for black Americans in the history of the United States of America under none other than President Trump," said Regan. "Is any of that loyalty starting to shift? I mean, are traditional black Democrats saying, hey, maybe the Democratic Party has failed me? Maybe I need to rethink this?"
‘I don’t have to do it, legally’: Trump says he can invade Iran without Congress’ permission
On Monday, CNN reported that in a new interview, President Donald Trump said that he can invade Iran without congressional approval — and that although he would "like the idea" of keeping Congress in the loop, he doesn't "legally" have to do so.
"I like the idea of keeping Congress abreast, but I wouldn't have to do that," said Trump. In response to the fact that House Speaker Nancy Pelosi has said he must obtain congressional approval first, Trump said, "I disagree. I think most people seem to disagree."
"I do like keeping them — they are intelligent people," added Trump. "They will come up with some thoughts. I actually learned a couple of things the other day when we had our meeting with Congress which I think were helpful to me. I do like keeping them abreast, but I don't have to do it, legally."
US foes are goading Trump because they know he’s a ‘blow-hard and full of bluster’: CNN analyst
President Donald Trump walked back from the brink of atrocities last week, from calling off a military strike against Iran to pushing back planned Immigration and Customs Enforcement (ICE) raids in major American cities.
On Monday's edition of CNN's "The Situation Room," chief legal analyst Jeffrey Toobin told anchor Wolf Blitzer how foreign adversaries have been emboldened to challenge Trump — because for all his bombast, they know they are calling a bluff.
"I think Donald Trump is pretty well a known quantity at this point," said Toobin. "I mean, I think people around the world know he's a blowhard, knows he's full of bluster. But that's no reason to get into a war."