Every Federal Reserve Board Member is a Multi-Millionaire

from Zero Hedge

Authored by Matt Stoller,

There are five Senate-confirmed members of the Federal Reserve. It won’t surprise you to know that all five of them are millionaires. Here’s a list, with links to their financial disclosure forms. (If you have some time to poke around and find anything interesting, let me know or put it in the comments.)

[…] I’ve gone over the financial disclosure forms of all five of these members, and they are all invested in various forms of indexes. Some are invested in private equity funds, Blackrock iShares, or various other assets referencing financial corporations. These strike me as a violation of Section 10, part 5 of the Federal Reserve Act, which says:

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