Manchin Deals 'Major Blow' To Biden Fed Nominee Sarah Raskin

AtomicPiss

https://zerohedge.com/economics/manchin-deals-major-blow-biden-opposes-fed-nominee-sarah-raskin

46XiJCAB

Maybe Joey should have been nicer to Joe. But then Joey is stupid and arrogant. So there’s that.

Bendintheriver

Imagine having a fed reserve board filled with people who are making policy based upon their beliefs that the world is coming to an end or that a global economy goal should be the basis for decision making and risk math. That is not the job of the Fed Reserve. It never is or was supposed to be about peoples personal beliefs. This is rats trying to permeate every aspect of our lives with their bullshit global economy borne of a climate scare platform. If they determine that banks should not loan money to businesses that they philosophically/personally don't like, for any reason, it can destroy whole industries which is clearly why this nut job was nominated by biden for the position.

I read an article some months ago in the WAPO about Ms. Raskin. It was supporting her for this role and then going on to say that we are way behind the rest of the world in our Fed using math to curve the risks of lending to companies that are based on fossil fuels.

Now look at Europe. They are dependent upon a mad man for their energy and allowing him to take territory that is 400 some odd miles from Vienna. I wonder what their risk math tells them about that?