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and just how much damage can they do behind the scenes? Bernanke denies he is involved.... yeah, sure. And yet the New York Fed played an integral role in the government’s bailout of banks, often receiving surprisingly free rein to act as it saw fit.
From: Jaq (12.236.178.36)
Geithner and the New York Fed's are independent from Congress..??? January 31, 2010 at 12:43 am PST As Representative Marcy Kaptur told Geithner at the hearing: “A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.”
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