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Reply #2: GOP Obstructionism [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
Owlet Donating Member (765 posts) Send PM | Profile | Ignore Tue Oct-18-11 03:34 PM
Response to Reply #1
2. GOP Obstructionism
"The commercial bank-FOMC relationship helps explain why Fed nominee Peter Diamond was abused and blocked for over a year. Professor Diamond withdrew last June, taking his Nobel Prize back to his M.I.T office.

The obstructionist forces keeping two D.C. Fed seats vacant on the FOMC know they are increasing the voting power and influence of the regional Fed presidents -- and thus increasing the influence and voting power of commercial banks. "

Full Article here
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