4 chapters across the catalog
President Joe Biden nominated Sarah Bloom Raskin as the head of bank supervision for the Federal Reserve, a move seen by the banking industry as a return to adversarial regulation. Critics argue Raskin will use her position to push Environmental, Social, and Governance (ESG) investing standards, potentially limiting lending to the oil and gas sectors. The segment explores how regulatory appointments serve as a mechanism for implementing progressive economic policy.
Sarah Bloom Raskin, Federal Reserve Nomination
President Biden has nominated Sarah Bloom Raskin to be a top bank regulator at the Federal Reserve. Critics point to her marriage to Senator Jamie Raskin as an example of political nepotism and express concern over her potential influence on the American Investment Authority.
Redesigning the $10 Bill and Alexander Hamilton Debate
The US Treasury Department released a video featuring Deputy Secretary Sarah Bloom Raskin discussing the inclusion of a woman on the redesigned $10 note by 2020. The hosts debate whether Alexander Hamilton (a proponent of big central government) or Andrew Jackson (on the $20) should be removed. They speculate that Harriet Tubman is the likely candidate for the new currency.
Federal Reserve Board, New Governors and Inflation Policy
The Senate confirmation hearings for three new Federal Reserve governors—Peter Diamond, Sarah Raskin, and Janet Yellen—are examined. The hosts note that these 14-year appointments follow the passage of the financial reform bill. All three nominees are characterized as favoring inflationary policies to manage national debt during the current economic depression.
