The Federal Reserve is an an evil organization. We will never be free or have honest government as long as the Federal Reserve exists. Both political parties are beholden to the Federal Reserve. That is why no matter who we elect, nothing changes, the government grows and we continue to be debt slaves.
What gave them the right to get into the redistribution of wealth? That’s what they did with the CRA and now with the new financial regulation law.
Unfortunately, it also mixes the truth with fiction, apparently to justify the authors' grievancies about the Fed.
The Fed operates withing the laws of the land. The CRA is part of that law, which the Fed is supposed to obey. It should not promote or oppose the law but only to obey it.
We all should know who and what created the crises. But pointing in this context to the Fed is both fasle and immoral.