Who do you think said this?
“Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”1
Some Goldman Sachs executive? John Boehner? Bernie Madoff? Nope, nope and nope. It was Kathryn Wylde, a board member of the New York Federal Reserve whose job is to represent the *public* in financial matters.
Does that sound like a public advocate? Wylde is currently standing in the way of an investigation by New York Attorney General Eric Schneiderman that would put Bank of America and other major financial firms under the magnifying glass for mortgage fraud. Finally we could see criminal prosecutions of those responsible for the market meltdown.
Enough is Enough! Join us in signing an emergency letter to Ms. Wylde, demanding that she step down.
1. “Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal“,” New York Times.