Thom Hartmann had a guest on last night's The Big Picture who laid out some structural impediments to making the Fed independent of the institutions it's supposed to regulate. Of course abolishing capital markets, or at least statizing credit, would render these concerns moot.
http://www.thomhartmann.com/bigpicture/secret-tapes-show-how-banksters-get
Wednesday, October 01, 2014
Regulatory Capture at the Fed
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