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Right-Wing Think Tank Shills for Payday Lenders on Ny Fed Web Site

Right-Wing Think Tank Shills for Payday Lenders on Ny Fed Web Site

The latest York Federal Reserve Board, faced with overseeing Wall Street banks, switched over its usually staid blog that is official week to a very contentious argument in protection of high-cost payday lenders, who will be partially funded by the same big companies the Fed is meant become regulating.

Michael Strain, a resident scholar during the ultra-conservative United states Enterprise Institute think tank, co-authored the piece. While posts in the nyc Fed’s Liberty Street Economics weblog constantly caution that the views expressed try not to mirror the positioning of this local bank, it really is extremely unusual to possess anybody from an ideological presume tank write an article there. Continue reading Right-Wing Think Tank Shills for Payday Lenders on Ny Fed Web Site