Other former #Fed & #Treasury ofcls joined the chorus against the #JeromePowell investigation.

“The reported criminal inquiry into #FederalReserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine that #independence,” the ofcls said in a statement. Signatories included fmr Fed Chairs #BenBernanke & #AlanGreenspan, fmr Treasury Secretaries #TimothyGeithner & #HenryPaulson, & a number of prominent economists.

#Trump #DOJ #law #economy
https://jointstatement.substack.com/p/statement-on-the-federal-reserve

This triggered the foreclosure crisis, where banks that had received billions in public money forced their borrowers out of their homes. This was official policy: #Obama's Treasury Secretary #TimothyGeithner boasted that forcing Americans out of their homes would "#FoamTheRunways" for the banks and give them a soft landing;

https://pluralistic.net/2023/03/06/personnel-are-policy/#janice-eberly

With so many homes underwater on their first mortgages, the holders of those second mortgages wrote them off.

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Corporate Dems continue to flex their muscle. A seat has just opened up on the Federal Reserve Board, and the WSJ is pretty sure the seat is going to #JaniceEberly, a corporate ghoul who helped #Obama Treasury Secretary #TimothyGeithner steal Americans' houses on behalf of the bankers who destroyed the world economy in 2008:

https://www.wsj.com/articles/white-house-considers-two-economists-for-fed-vice-chair-58f13344

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