The US Federal Reserve is incompetent and corrupt. In the past, I have focused on incompetence: The Fed's mistakes played a central role in creating the 1930s Depression, stagflation in the 1970s, and the recent housing crises.
In this post, I focus on the corruption of the Fed in three parts.
1. Leaks by Federal Reserve President Jeffrey Lacker
2. Fed Chairman Ben Bernanke's giving millions to Goldman Sachs
3. Fed Chairmen Bernanke's making millions for himself
|The U.S. Federal Reserve is Corrupt