lindlou

Backroom Bear Stearns Deal Exposed

To me, it seems there is much too much collusion between the Fed and the private industry they are supposed to be supervising. I never see mention of the fact that JP Morgan Chase CEO Jamie Dimon holds a seat on the Federal Reserve Bank of New York's board. If this isn't a severe conflict of interest, especially when this is the organization that is deciding if your company can purchase another company for pennies on the dollar, I don't know what is.