Janet Yellen Is Set to Inherit a Helluva Lot of Power, Thanks to Stealthy Changes in the Law
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Janet Yellen Is Set to Inherit a Helluva Lot of Power, Thanks to Stealthy Changes in the Law
By Pam Martens and Russ Martens: January 18, 2021 ~ At 10 a.m. tomorrow morning, one day ahead of President-Elect Joe Biden’s inauguration, the Senate Finance Committee will hold the confirmation hearing for Janet Yellen to become the next U.S. Treasury Secretary. In that role, Yellen sits atop a sprawling federal agency that includes the IRS; the Office of the Comptroller of the Currency, which regulates national banks and reports on their hundreds of trillions of dollars in derivatives; the Bureau of Engraving and Printing; the U.S. Mint; the Financial Crimes Enforcement Network (FinCEN) which is tasked with combating money laundering but has failed miserably in the job; and numerous other units. In addition, legislation passed by Congress puts Yellen in charge of the slush fund known as the Exchange Stabilization Fund; makes her the Chair of the Financial Stability Oversight Council, and, thanks to stealthy legislation passed during the … Continue reading →
Source: http://silveristhenew.com/2021/01/18/janet-yellen-is-set-to-inherit-a-helluva-lot-of-power-thanks-to-stealthy-changes-in-the-law/
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