Oh Boy, Bernie Sanders Forms Team to Advise Him on Fed Reform

The self described democratic-socialist Senator from Vermont, Bernie Sanders, has announced he has formed a panel of experts to advice him on drafting legislation to reform the Federal Reserve. Sanders is not your Ron Paul type Fed reformer.

Sanders said he would work with economic experts to "develop legislation to restructure the Fed and tighten rules on conflicts of interest, ensure that the Fed fulfills its full-employment mandate, increase transparency, protect consumers and reduce income inequality."

He is specifically objecting to a recent GAO report that shows top executives from Goldman Sachs, J.P. Morgan Chase, General Electric and other firms sat on the boards of regional Federal Reserve banks while their firms benefited from the central bank's policies during the financial crisis.

However, his panel of experts is simply a branch from the same insider tree. They include:

•Joseph Stiglitz, who has been an apologist for the banksters since he learned to talk, and is a former chief economist for the bankster enforcement arm, the World Bank.

•Jeffrey Sachs, director of The Earth Institute and a special advisor to globalist United Nations Secretary-General Ban Ki-moon.

•Lawrence Mishel, president of the Economic Policy Institute, that includes among its Board of Directors, steel and communication unions.

•William Black, who worked at nearly every crony bankster operation on Wall Street, including as managing director at Goldman Sachs, a senior manager at Bear Stearns in London, a senior strategist at Lehman Brothers, and an analyst at the Chase Manhattan Bank (now JPM Chase)

•Robert Johnson, senior fellow and director of the Project on Global Finance at the Rockefeller controlled Roosevelt Institute. .

•Dean Baker,a consultant for the World Bank and the Joint Economic Committee of the U.S. Congress.

•Gerald Epstein, chair of the interventionist-obsessed economics department at the University of Massachusetts at Amherst.

•Robert Pollin, co-director of the Political Economy Research Institute and economics professor at the University of Massachusetts-Amherst.

•Stephanie Kelton, associate professor at the University of Missouri, Kansas City and a research scholar at the Center for Full Employment and Price Stability, among her many gems, she wrote, "Financing State and Local Government Infrastructure Investment". It's probably just a coincidence that the banksters are behind the movement at the Chamber of Commerce for government infrastructure investment.

•James K. Galbraith, a professor of government at the Lyndon B. Johnson School of Public Affairs. He is totally Keynesian and anti-free markets.

With this sad collection of interventionists and bankster apologists, Sanders should just hand the program over to Lloyd Blankfein, BofA CEO Brian Moynihan and Kalle Lasn. Why deal with second class misfits, when the first class scoundrels will be more than happy to help?