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Tom Fiegen on Budget & Economy

 

 


Why did nobody from Wall Street went to jail?

How is it that after all of the fraud, corruption and greed, nobody from Wall Street went to jail? They held our country hostage for nearly a trillion dollar bailout in 2008. And threw us into the greatest economic collapse since the Great Depression.

Our banking system must be part of the productive, job-creating productive economy. The Federal Reserve, a government entity which serves as the engine of the banking industry, must eliminate its internal conflicts of interest, provide stricter oversight, and insist that the banks its supports serve the economy in a way that works for everyone, not just a few.

Source: 2016 Iowa Senate campaign website, FiegenForUSSenate.com , Oct 9, 2015

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