Courtesy of Pam Martens.
Traders at the New York Fed Have Speed Dials to Wall Street’s Biggest Firms
It appears that Senators Elizabeth Warren and Sherrod Brown believe they may have a battle on their hands getting their colleagues on the Senate Banking Committee to agree to hold hearings on the now notorious tape recordings secretly made by former New York Fed bank examiner, Carmen Segarra, showing a cozy relationship between the regulator and Goldman Sachs.
Petitions have sprung up all over the internet, with more than 129,000 signatures as of this morning, demanding that Congress hold hearings to investigate whether the Federal Reserve System, and specifically the New York Fed, function as merely sycophantic fronts for Wall Street or if they serve any meaningful regulatory role.
In addition to petitions at Credo, MoveOn.org and Public Citizen, campaign sites for Senators Warren and Brown have also set up petitions, but those sites do not show how many signatures have been collected.
As of this morning, the Credo petition had 98,107 signatures out of a goal of 150,000. You can sign the petition here. The petition makes its case as follows:
“To Members of the U.S. Senate and House of Representatives:
…
