Reforming the Federal Reserve’s Bailout Authority

Senator Elizabeth Warren speaking at Cato/AFR event on reforming the Fed's bailout authority
On September 16th, Americans for Financial Reform (AFR) joined Senators Elizabeth Warren (D-MA) and David Vitter (R-LA) for an event at the Cato Institute about reforming the Federal Reserve’s bailout authority. The discussion focused on the Federal Reserve’s unprecedented use of its Section 13(3) emergency assistance authority to provide trillions of dollars in low-interest loans to Wall Street banks during the crisis, as well as the new limits put on that authority in the Dodd-Frank Act.

AFR's Policy Director Marcus Stanley speaks about reforming the Fed's emergency lending powers.

AFR’s Policy Director Marcus Stanley speaks about reforming the Fed’s emergency lending powers

The first panel, moderated by Ylan Mui of the Washington Post, featured AFR’s policy director Marcus Stanley, and Phillip Swagel of the University of Maryland.

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