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Banking, Central Banking

Elizabeth Warren Calls On Fed Banks to Bar Leaders From Stock Trading

Sen. Elizabeth Warren called on regional Federal Reserve banks to ban ownership of individual stocks among their top officials

9/16/2021 2:30:00 PM

Sen. Elizabeth Warren called on regional Federal Reserve banks to ban ownership of individual stocks among their top officials

The senator sent letters to the 12 regional Fed presidents asking them to ban ownership of individual stocks among top officials at their banks.

Sept. 16, 2021 5:30 am ETSen. Elizabeth Warren (D., Mass.) is calling on regional Federal Reserve Banks to set rules that would prevent their leaders from trading individual stocks, following recent disclosures that the chiefs of the Boston and Dallas banks actively traded stocks and other investments last year.

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“The controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public interest,” Ms. Warren wrote in letters addressed to the leaders of the 12 regional Fed banks.

Read more: The Wall Street Journal »

It can happen here: Expert on tyranny warns of GOP extremism

As the GOP pushes officials who have backed overturning the 2020 presidential election and more election lies, most Republicans now doubt the election results. MSNBC’s Ari Melber is joined by Timothy Snyder, who is an expert on authoritarian politics, to discuss the threat the GOP poses to U.S. democracy.

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But not members of Congress, of course...

Sen. Warren Urges Fed To Break Up Wells Fargo For 'Abusive And Unlawful' Practices'Wells Fargo is an irredeemable repeat offender,' the senator wrote in a letter as she warned the bank's practices cost consumers 'hundreds of millions' of dollars.

Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk'Wells Fargo is an irredeemable repeat offender; the Fed must act,' Sen. Elizabeth Warren said Tuesday in a letter to Fed Chairman Jerome Powell. good luck She’s right. But, why on earth do people still bank with Wells Fargo? Too Big To Breakup (TBTB)

Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk'Wells Fargo is an irredeemable repeat offender; the Fed must act,' Sen. Elizabeth Warren said Tuesday in a letter to Fed Chairman Jerome Powell. good luck She’s right. But, why on earth do people still bank with Wells Fargo? Too Big To Breakup (TBTB)

Biden administration revokes Trump-era rule on student loan oversight, paves way for probesBiden admin. revokes Trump-era rule that consumer advocates say allowed the Education Dept. to subvert state law enforcement probes of student loan servicers — one of a series of recent overhauls that could pave the way for more robust investigations.

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