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[Ralph Nader Recommendation of Deval Patrick] Will the President [Clinton] or the Financial Community Nominated New Fed Govenors?
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Candidate
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| Contributor | km |
| Last Edited | km Jan 23, 2005 03:16pm |
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| Category | News |
| News Date | Thursday, January 23, 1997 06:00:00 AM UTC0:0 |
| Description | Many public interest groups are urging the President to fill two existing vacancies on the Board with persons who understand the Federal Reserve's rapidly expanding responsibilities in consumer protection, community investment, fair lending and bank regulation.
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"Invariably, Presidents have selected the Fed's decision makers from a narrow few -- essentially persons who have been deemed acceptable to Wall Street, banks and other segments of the financial community," Ralph Nader wrote the President in January. "As a result, the broader interests of the majority of the nation's citizens have been ignored or given short shrift by the Federal Reserve."
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Among possibilities, Nader listed Deval Patrick, former head of the Justice Department's civil rights division; ... |
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