Letter | Elizabeth Warren and Jeff Merkley tell Obama to nominate Fed people who will care about bank oversight

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Letter | Elizabeth Warren and Jeff Merkley tell Obama to nominate Fed people who will care about bank oversight

Letter | Elizabeth Warren and Jeff Merkley tell Obama to nominate Fed people who will care about bank oversight

WSJ-

The White House has been getting an earful in the past year from members of the Senate Banking Committee, who haven’t been shy about suggesting criteria for nominees at the Federal Reserve.

On Wednesday, Sens. Jeff Merkley (D., Ore.) and Elizabeth Warren (D., Mass.) continued with such unsolicited advice, sending a letter to President Barack Obama urging him to fill two vacant seats on the Fed’s seven-member board with nominees possessing an interest in financial regulation and a desire to address the problems revealed by the 2008 financial crisis.

“With [the Fed’s] responsibilities for oversight of the financial system, it is critical that the two remaining nominees for the Board be leaders who possess expertise in financial regulation and have demonstrated a strong commitment to financial reform,” the senators wrote in the letter.

[WSJ]

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2 Responses to “Letter | Elizabeth Warren and Jeff Merkley tell Obama to nominate Fed people who will care about bank oversight”

  1. lawrence wiliams says:

    WHY Not appoint two working class people whom have been through the fraudulent banking and mortgage deceptive procedure since 2007 to be on the board to keep these financial regulaters in check thanks from a person whom has lost everything from this deceptive process of fraud and perjury by WELLS FARGO BANK ,CROOKS

  2. lawrence wiliams says:

    I leave my trust in American people to do what is right and human ,people donot have price tags ,stop building from peoples missfortunes HELP THEM ? THANKS LPW .

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