Category Archives: Letters to Congress

No Thumbnail

Letter to Congress: Randal Quarles should not be confirmed as Federal Reserve Vice-Chair for Supervision

“In selecting Mr. Quarles, the Trump Administration has reached back to the economic team of the Bush Treasury, where Mr. Quarles served from 2001 to 2006…. Like the rest of the Bush Administration team, Mr. Quarles showed no evidence of being aware of the historic meltdown of the U.S. and global financial sector that was about to occur, or of the significance of the toxic and fraudulent Wall Street activities that were taking place on his watch.”