🎯 Bullseye. Thank you @SenLummis for calling for much needed oversight of the Fed: "Look at the way banks were supervised in the last four years. Chokepoint 2.0 brought about a government-caused failure of two banks. Those banks were not insolvent. The Federal Reserve and the FDIC pushed them into insolvency because they didn't like their customers. That was it. They didn't like it that banks were providing banking services to digital asset companies, to Melania Trump, to the children of the now President. They targeted those people. They debanked those people. Government did that by threatening the financial institutions that had them as customers, saying that the safety and soundness of the institution was going to be subject to scrutiny if they continued to bank digital asset businesses, the Trump family and others. That was government targeting Americans. That was government turned against our people for no good reason. And there's no way to get scrutiny of the Fed because they don't have an independent IG, they're not subject to the Freedom of Information Act, we don't have sufficient oversight of them. We've got to get oversight over the Fed."
Senator Cynthia Lummis
Senator Cynthia Lummis2.8. klo 02.12
The Fed has become so used to operating in the dark, they forgot who they work for. This is why Operation Chokepoint 2.0 happened & the Fed felt they could target the American people. I won’t have confidence in the IG’s findings until they have independence from the Fed Chair.
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