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“The law was very clear” inside the Fed master account debate

American Banker Podcast

CHAPTER

Debate on Federal Reserve's Master Account and Political Influence

This chapter explores the controversies and risks related to the Federal Reserve's management of master accounts, debating on political influence, eligibility criteria, and implications for entities like green energy companies or gun manufacturers. It also discusses the restrictions imposed by the Federal Reserve on master account holders, questioning the eligibility of entities such as the Texas Comptroller of accounts.

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