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Tell the Senate: No Wall Street lawyer as Fed watchdog

Trending story found on act.credoaction.com
Tell the Senate: No Wall Street lawyer as Fed watchdog
The Wall Street stooge in the White House has struck again by trying to fill the position of top watchdog overseeing big banks at the Federal Reserve with a lifelong Wall Street lawyer.1 Randal Quarles has spent 30 years spinning in the revolving door between Washington and Wall Street. He helped create too-big-to-fail banks and personally profited from the bailouts, but now wants to slash banking rules.2,3 No wonder Sen. Elizabeth Warren calls Quarles “a dangerous choice” to be Federal Reserve vice chairman of supervision.4 A shocking number of Democrats sided with Senate Banking Committee Republicans to approve Quarles, including...
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