The GAO released a report...

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The GAO released a report... - 10/23/2011 10:04:03 PM

heartcream

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Joined: 5/9/2007
From: Psychoalphadiscobetabioaquadoloop
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The GAO identified 18 former and current members of the Federal Reserve’s board affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis including General Electric, JP Morgan Chase, and Lehman Brothers.

"The GAO released a report yesterday that provided some anodyne but nevertheless useful confirmation of many of the things most of us knew or strongly suspected about the Fed: it’s a club of largely white male corporate insiders who do a bit too many favors for each other."

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