"So I think the reason that the newspapers are going quiet on this is the Fed broke the law. And it wants to continue breaking the law. And that's why these Wall Street banks fought so hard to get the current head of the Fed reappointed, [[Jerome Powell|[Jerome] Powell]], because they know that he's going to do what [[Timothy Geithner|[Timothy] Geithner]] did under the Obama administration. He's loyal to the New York City banks, and he's willing to sacrifice the economy to help the banks. Because those are the clients of the New York Fed, the big New York banks. And that's been the case ever since I was on Wall Street half a [century] ago. And Pam [Martens] is trying to expose how these banks are crooked, and really what the whole problem was. She points out that the Fed is supposed to make short-term loans, but these are long-term loans."
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Michael Hudson, quoted by Ben Norton, in Economist Michael Hudson explains inflation crisis and Fed's secretive $4.5 trillion bank bailout, Geopolitical Economy Report
https://en.wikiquote.org/wiki/New_York_City
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