by Pam Martens and Russ Martens
Wall Street on Parade
Tomorrow, June 30, the House Financial Services Committee will hold a hearing beginning at 12:30 p.m. titled “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Fed Chair Jerome Powell and Treasury Secretary Steve Mnuchin are scheduled as witnesses.
A good number of Democrats on this Committee – such as Maxine Waters (the Chair), Katie Porter, Bill Foster, Brad Sherman, Carolyn Maloney, Madeleine Dean, Sylvia Garcia, and Ayanna Pressley – have no problem fashioning probing questions that benefit the American people’s right to know if government is showing proper stewardship of the people’s money. But Republicans can’t seem to craft a meaningful question, opting instead to simply heap praise on Powell and Mnuchin for the bailout and simultaneous deregulation of Wall Street.
Wall Street On Parade is nothing if not charitable. We want to help out the Republicans on this Committee who are so desperately struggling to hone a question that has any meat to it. We offer the following 10 questions for tomorrow’s hearing: