Conflict Of Interest Anyone?

       Ya know who oversees the big banks and Wall Street? That's the job of the Federal Reserve. Back in 2007-8 when most of those huge banks known as "TOO BIG TO FAIL" they had to get bailed out. Guess who served on the board  of the New York Regional Fed? Jamie Dimon, the CEO of J.P. Morgan Chase. They got a $390 billion bailout. Mr. Dimon was one of the people who decided to do that. He helped to approve giving that money to JPMC, his own company. And he isn't alone when it comes to bankers sitting on the boards of the Fed.
       The FED has 12 regional agencies and next year 4 of their presidents will be former executives of Goldman-Sacks. Ever heard of that outfit? It failed back in 08 which was a big part of the cause of the Great Recession. And as you must have heard, nearly all those Too Big To Fail banks are larger now than they were back in 2008 when they got bailed out. What happens when they screw up again? And they will, on that you can count?
       Bernie Sanders is the only politician running for President who's paying any attention to this fiasco. While I don't see him as getting elected, he's got some really important points and this is one of the biggies. The Fed needs to be shaken up, as Senator Sanders says, the fox should not be guarding the henhouse. Too much conflict of interest.
       Suppose your job was to make sure kids got to school on time. But my job was to try to get starting time to be later. If I get appointed to your Board of Directors and assigned to wind up the clock every day, that wouldn't bode well for your responsibility now would it? Think Federal Reserve. It's not so much that I don't trust big banks, it's that I don't trust the folks that run them. Individually these big bank execs are pretty much good people, the problem comes in when there's a profit to be made.