Top Economists to Advise Sanders on Fed Reform

WASHINGTON, Oct.ย 20 – Nobel Prize-winning economist Joseph Stiglitz and otherย nationally-renowned economists agreed today to serve on a panel of experts toย help Sen. Bernie Sanders (I-Vt.) draft legislation to reform the Federalย Reserve. Sandersย announced formation of his expert advisory panel in the wake of a damningย report that faulted apparent conflicts of interest by bank-picked board membersย at the 12 regional Fed banks. Top

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Leahy, Collins, Sanders, Others Propose MAPLE Act: Bill Would Make Selling Fraudulent Maple Syrup A Felony Offense

WASHINGTONย (Thursday, Oct. 20, 2011) – U.S. Senators Patrick Leahy (D-Vt.) and Susanย Collins (R-Maine) introduced legislation Thursday to make the fraudulent saleย of maple syrup a felony offense.ย  The legislation is cosponsored byย Senator Bernie Sanders (I-Vt.).ย  The bill is called the Maple Agricultureย Protection and Law Enforcement (MAPLE) Act. “Vermontersย take pride in the natural products our state produces, and I have been alarmedย by

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Fraudulent Defense Contractors Paid $1 Trillion

WASHINGTON, Oct.ย 20 – Hundreds of defense contractors that defrauded the U.S. military receivedย more than $1.1 trillion in Pentagon contracts during the past decade, accordingย to a Department of Defense report prepared for Sen. Bernie Sanders. Sanders (I-Vt.)ย called the report “shocking.” He said aggressive steps must be taken to ensureย taxpayer dollars aren’t wasted. “The ugly truthย is that virtually all of the major

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GAO Finds Serious Conflicts at the Fed

WASHINGTON, Oct.ย 19 – A new audit of the Federal Reserve released today detailed widespreadย conflicts of interest involving directors of its regional banks. “The mostย powerful entity in the Unitedย 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 toย last year’s Wall Street reform law examined

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Sanders Statement on Social Security COLA

WASHINGTON, Oct.ย 19 – Sen. Bernie Sanders (I-Vt.), the founder of the Senate’s Defendingย Social Security Caucus, issued the following statement today after the Socialย Security Administration announced a 3.6 percent cost-of-living adjustment forย next year: “I am glad toย see the millions of people who depend on Social Security will get a modestย cost-of-living adjustment after two years with no increase in benefits atย all.ย  However,

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