Top Economists to Advise Sanders on Fed Reform
WASHINGTON, Oct. 20 – Nobel Prize-winning economist Joseph Stiglitz and other nationally-renowned economists agreed today to serve on a panel of experts to help Sen. Bernie Sanders (I-Vt.) draft legislation to reform the Federal Reserve. Sanders announced formation of his expert advisory panel in the wake of a damning report that faulted apparent conflicts of interest by bank-picked board members at the 12 regional Fed banks. Top
Leahy, Collins, Sanders, Others Propose MAPLE Act: Bill Would Make Selling Fraudulent Maple Syrup A Felony Offense
WASHINGTON (Thursday, Oct. 20, 2011) – U.S. Senators Patrick Leahy (D-Vt.) and Susan Collins (R-Maine) introduced legislation Thursday to make the fraudulent sale of maple syrup a felony offense. The legislation is cosponsored by Senator Bernie Sanders (I-Vt.). The bill is called the Maple Agriculture Protection and Law Enforcement (MAPLE) Act. “Vermonters take pride in the natural products our state produces, and I have been alarmed by
Fraudulent Defense Contractors Paid $1 Trillion
WASHINGTON, Oct. 20 – Hundreds of defense contractors that defrauded the U.S. military received more than $1.1 trillion in Pentagon contracts during the past decade, according to a Department of Defense report prepared for Sen. Bernie Sanders. Sanders (I-Vt.) called the report “shocking.” He said aggressive steps must be taken to ensure taxpayer dollars aren’t wasted. “The ugly truth is that virtually all of the major
GAO Finds Serious Conflicts at the Fed
WASHINGTON, Oct. 19 – A new audit of the Federal Reserve released today detailed widespread conflicts of interest involving directors of its regional banks. “The most powerful entity in the United States is riddled with conflicts of interest,” Sen. Bernie Sanders (I-Vt.) said after reviewing the Government Accountability Office report. The study required by a Sanders Amendment to last year’s Wall Street reform law examined
Sanders Statement on Social Security COLA
WASHINGTON, Oct. 19 – Sen. Bernie Sanders (I-Vt.), the founder of the Senate’s Defending Social Security Caucus, issued the following statement today after the Social Security Administration announced a 3.6 percent cost-of-living adjustment for next year: “I am glad to see the millions of people who depend on Social Security will get a modest cost-of-living adjustment after two years with no increase in benefits at all. However,
