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GAO Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest, Stephen Friedman Is Targeted – Home – The Daily Bail

October 26, 2011

“”The most powerful entity in the United States is riddled with conflicts of interest,” Sen. Bernie Sanders (I-Vt.) said after reviewing the Government Accountability Office report. The study required by a Sanders Amendment to last year’s Wall Street reform law examined Fed practices never before subjected to such independent, expert scrutiny.”

“The 108-page report found that at least 18 specific current and former Fed board members were affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis.”

GAO Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest, Stephen Friedman Is Targeted – Home – The Daily Bail.

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