Federal Reserve: Same Old Sheriff on Wall St.
Summary
On the September 18th, 2007 PBS NewsHour episode with Jim Lehrer, former Federal Reserve chairman, Alan Greenspan, said that the Fed was "an independent agency." Pollin suggests instead of giving the Federal Reserve a greater regulatory role, the Fed should be held accountable directly to Americans through elections." To view this complete video, please copy the link below into your browser: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3920&updaterx=2009-06-24+01%3A19%3A26 For Press Inquiries, please contact: Sharmini Peries Senior Editorial Board Member Email: sharmini@therealnews.com ### Washington, DC, June 26, 2009 --( PR.com )-- In response to US President Barack Obamas comments on how to improve the transparency and accountability of the US financial markets, Robert Pollin tells TRNNs Jesse Freeston that imbuing the Federal Reserve with more regulatory control repeats a system that failed to prevent and detect financial crimes in the past.Neither Kohn nor Coleman could give Grayson a clear answer.On the September 18th, 2007 PBS NewsHour episode with Jim Lehrer, former Federal Reserve chairman, Alan Greenspan, said that the Fed was "an independent agency."Pollin suggests instead of giving the Federal Reserve a greater regulatory role, the Fed should be held accountable directly to Americans through elections.