The Federal Reserve — the quasi-autonomous body that controls the USs money supply — is a Ponzi scheme that created bubble after bubble in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
Spitzer recently told Bloomberg News that President Obamas regulatory reforms of the financial sector are irrelevant because regulatory agencies have not been enforcing corporate laws to begin with.
Regulatory agencies already had the power to do everything they needed to do, he said. They just affirmatively chose not to do it.
