Free Republic

President Joe Biden announced Tuesday he would withdraw his nomination of Sarah Bloom Raskin to serve on the Federal Reserve Board of governors after it was clear she would not win confirmation from the Senate. “Sarah was subject to baseless attacks from industry and conservative interest groups,” Biden complained in his statement, blaming Republicans for “amplifying these false claims” instead of moving forward to confirm his nominee. Biden made the announcement a day after Sen. Joe Manchin (D-WV) said he would not vote to confirm Raskin, expressing concerns about her comments about energy. Raskin authored a New York Times op-ed...

Joe Manchin has done it again. The senator from West Virginia threw a wrench yesterday into another key element of President Biden’s climate agenda. This time, it’s the nomination of Sarah Bloom Raskin to be the Federal Reserve’s top banking regulator, a role that entails monitoring emerging risks to the U.S. financial system — climate change among them.

The Raskins have been in politics and controversy for a long time. Now the Democrat family is caught hiding stock transactions which is against the law. Their excuse is sickening. Rep. Jamie Raskin is a nasty Democrat Representative in the US House. He and his family have been involved in shady actions and now have been caught in some more. Raskin’s father was college professor Marcus Raskin who was indicted for conspiracy to resist the Vietnam war effort. …he was indicted for conspiracy to obstruct the Vietnam War effort by encouraging young men to resist the draft. He coauthored a...

Democratic Sen. Joe Manchin is “unable to support” Sarah Bloom Raskin’s nomination to the Federal Reserve, potentially bringing her candidacy to an end. The senator from West Virginia — a key swing vote in an evenly divided Senate — said he had reviewed President Joe Biden’s pick for the central bank and wasn’t able to support the bid due to some of Raskin’s public statements on climate change. “Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” Manchin said in a...

Sarah Bloom Raskin, President Joe Biden’s latest Federal Reserve nominee, is a revolving-door lobbyist who used her access to get special treatment from the Fed for a company on whose board she sat. She thus made more than a million dollars for herself. The company involved is called Reserve Trust. Reserve Trust is explicitly not a bank but a “fintech trust company” that serves as an intermediary between businesses, allowing one company to pay another company directly without having to work through a bank. Unlike competing payment systems, Reserve Trust has direct access to the Federal Reserve “Master Account,” a...

Senate Republicans suggested Thursday that Sarah Bloom Raskin — President Joe Biden’s nominee for the top bank supervisory post at the Federal Reserve — used her status as a former government official in 2017 to help a company whose board she sat on get special access to the Fed’s payments system. Raskin repeatedly refused to answer questions from Wyoming Republican Cynthia Lummis about whether she called the Kansas City Regional Federal Reserve on behalf of that company, Reserve Trust, after joining its board. Lummis said Raskin, who spoke before the Senate Banking Committee, did make such a call.[scrolling to the...

House Judiciary Committee Ranking Member Jim Jordan (R-OH) on Wednesday, during a contentious exchange at a hearing, asked fellow committee member Rep. Jamie Raskin (D-MD) why his wife, a former Treasury Department official, unmasked Michael Flynn. Jordan had just finished questioning Google CEO Sundar Pichai over the search engine’s bias against conservatives and whether he would commit to not interfering in the upcoming election to help Joe Biden. After Jordan finished his questioning, Rep. Mary Gay Scanlon (D-PA) called his concerns “fringe conspiracy theories.”

President Barack Obama’s Treasury Department regularly surveilled retired Army Lt. Gen. Michael T. Flynn’s financial records and transactions beginning in December 2015 and well into 2017, before, during and after when he served at the White House as President Donald Trump’s National Security Director, a former senior Treasury Department official, and veteran of the intelligence community, told the Star Newspapers. “I started seeing things that were not correct, so I did my own little investigation, because I wanted to make sure what I was seeing was correct” she said. “You never want to draw attention to something if there is...

A seat on the U.S Federal Reserve Board, carries tremendous power. The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years. During that time, a board member can influence the financial policies of the world's most powerful economy. In some ways the seven men and women, have more power than Congress or even the President himself. That's why appointments to the Federal Reserve Board deserve as much scrutiny as those to the Supreme Court. President Barack Obama recently made three nominations...