The hiring of private firms to provide "independent" advice to both the Treasury Department and the Federal Reserve raises concerns about potential conflicts of interest, according to a letter written by the Project on Governmental Oversight (POGO) and delivered to key members of Congress.
It seems that some of those firms will be highly familiar with the assets in question.
According to POGO's letter, the Federal Reserve Board has contracted with four firms to manage its $1.25 trillion program that...
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