Political Quotes

On the recordMay 7, 2012
The regional Federal bank presidents are picked by bankers. It is an extraordinary power that the FOMC has, and I think everyone agrees.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Frank criticizes the undemocratic selection process of regional Federal bank presidents.

Share & report

More from Barney Frank

Jul 11, 2016

I do not believe that we interfere with what the voters can do.

congress.gov
Jul 7, 2015

The power to recommend avoids the 'too-big-to-fail' stigma that some have associated with the designation of individual companies.

congress.gov
Jul 11, 2016

They shouldn't lose their tax-exempt status but neither should they be able to go for a Federal grant as they would be under this bill.

congress.gov
Jul 8, 2015

I think that on the heels of what we have just seen in South Carolina, where we are eliminating symbolism, it seems to me that we have an opportunity to actually get into the invidious discrimination that still takes place.

congress.gov

Other voices in this conversation