Political Quotes

Barney Frank: “The regional Federal bank presidents are picked by bankers. It is an extraordinary power that the FOMC has, and I think…”

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.

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