fdr_inauguration_1933_horizontalThe Bankers’ Bank


This is a prospect.org article.


Does the Federal Reserve govern the banking system—or vice versa?

The periods after the destructive financial crises of the past century have traditionally been periods of reform; as a response, more democratic control was brought over money. Yet no such fundamental change has occurred in the wake of the financial crisis of 2008. This lack of movement has led to confusion and reaction, and academics are now trying to tease out the history and politics of how change happened before, and how it might happen again.

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PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”