VIDEO: Federal Reserve Manipulating Stock Prices?
Friday, September 25, 2009 19:52Posted in category Federal Reserve, Video
This is Rep. Alan Grayson questioning Federal Reserve General Counsel Scott Alvarez about the Fed’s market practices.
“The Federal Reserve Bank of New York trades U.S. government and select other securities with designated primary dealers, which include banks and securities broker-dealers. Weekly transaction, market share data and primary dealer lists are updated periodically. Much of the information is submitted voluntarily. The Bank expects primary dealers to submit accurate data, but the Bank itself does not audit the data.”
-NewYorkFed.org
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Ali says:
September 27th, 2009 at 11:40 am
This is friken great, the poor guy getting grilled got his tongue twisted
otcpicks says:
October 20th, 2009 at 5:02 pm
otcpicks…
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