Republican Sen. Rick Scott of Florida and Democratic Sen. Elizabeth Warren of Massachusetts rolled out a bill on Wednesday that would provide the Federal Reserve with a presidentially appointed and Senate-confirmed inspector general.
“Following this month’s shocking failures of Silicon Valley Bank SIVB and Signature Bank SBNY , and the Federal Reserve’s gross mismanagement and lack of oversight to prevent the situation, this bill will bring the serious changes and accountability at the Federal Reserve that [are] clearly overdue and necessary to protect American families and workers,” the two senators said in a statement.
The U.S. central bank on Wednesday raised interest rates again and signaled at least one more hike this year, but SVB’s failure also forced it to adopt a more cautious strategy despite stubbornly high inflation.Also: Fed says inflation won’t fall as quickly as expected But there is a “low probability for legislation this year,” according to Wallace, who now is head of Washington policy research and senior managing director at 22V Research.
FED members need to disclose their bond positions every month to determine any conflicts of interest. In fact, I would only let them adjust their bond positions once per year and fully disclose to the public!!!!!! I just don’t trust the FED!!!!!!!!! And no confidence!!!!!!!
As the successful architect of the largest Medicare fraud in US history, Republican Senator Rick Scott is eminently qualified to sniff out malfeasance:
Ridiculous.
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Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight billA conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve's internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank. Rick Scott and Elizabeth Warren co-authoring a bill? That was not on my Washington, D.C. 2023 Bingo card. Warren a progressive. 🤣 When it’s dealing with their money.., their all over it! When it’s dealing with mass shootings or police oversight their like… I think I hear my mom calling, gotta go! Our lives are meaningless to congress! The lives of your children are meaningless to congress! SMMFH 🤦♀️
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Home of Elizabeth Warren's son destroyed in fireInsurance fraud!! Was he trying to send smoke signals? Unless she was in it I don’t care.
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Home of Elizabeth Warren's son heavily damaged by fireA home in Medford, Massachusetts, owned by Alexander Warren -- the son of Sen. Elizabeth Warren -- has been severely damaged in a fire Tuesday. Oh well Probably cooking meth. Sending smoke signals to Mom?
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Fire erupts at home owned by Elizabeth Warren’s sonA fire erupted during the early morning hours at a house in Massachusetts owned by the son of SenWarren. First responders arrived on the scene around 1:30 a.m. SenWarren The smoke signals got out of hand. SenWarren There’s a picture of her not yelling and pointing fingers? SenWarren Perhaps she was just sending smoke signals.
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Firefighters battle blaze at home owned by Sen. Elizabeth Warren’s sonFirefighters battled an early morning blaze at a Massachusetts home owned by the son of U.S. Sen. Elizabeth Warren.
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