Politicians Accused of Meddling in Bank Rules

07/28/2009 • The New York Times

Despite the apparent conflict with both bankers and bank regulators, the Financial Crisis Advisory Group included a number of people with experience in those fields. Among them were Gerry Corrigan, a former president of the Federal Reserve Bank of New York and now an official with Goldman Sachs; Nobuo Inaba, a former executive director of the Bank of Japan; Gene Ludwig, a former comptroller of the currency; and Klaus-Peter Müller, the chairman of the supervisory board of Commerzbank in Germany. This should be posted in the Humor Section!

2 Comments in Response to Politicians Accused of Meddling in Bank Rules

Comment by Lucky Red

Entered on: 7/28/2009 12:41:58 PM

"Despite the apparent conflict..." ROFL! These bastards are so utterly shameless that never mind not even trying to hide the fact that they're all in bed together and on the take, they're now flagging you to it ahead of time!

Comment by PureTrust

Entered on: 7/28/2009 11:30:04 AM

That's the trouble with those politicians. They meddle with the bank rules when they should just be getting rid of the bank - the FED, that is.

If the FED were gone, and the US Treasury reigned, the politicians wouldn't be meddling. They would be doing their job.

Of course, that thought is almost as scary as the FED.

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