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Rand Paul just teams up with Bernie Sanders on a Fed policy that’s making heads spin. The Kentucky Republican introduced a bill to stop the Federal Reserve from paying billions in interest to big banks—payouts that add up to $186 billion. Sanders jumped on board, proving even political opposites can sometimes agree when Wall Street gets too much power.
Paul’s new “End the Fed’s Big Bank Bailout Act” targets a sneaky subsidy to global banks. By banning interest payments on reserve balances, it forces banks to use the money Congress intended—for loans to workers, not corporate.ComponentModel dividends. It’s a rare bipartisan pushback against backdoor bank bailouts that hurt hardworking Americans.
The Fed’s already losing money because of this plush payout ritual. Mandating these interest payments only digs the hole deeper, diverting cash away from Treasury coffers. Paul rightly calls this an “invisible tax” on everyone else—an economy-killing policy that benefits a privileged few.
Senators from both sides aisle agree: this racket’s got to stop. While Sanders often pushes socialism, here he’s rightly slamming handouts to huge financial institutions. Their partnership exposes a fundamental truth—big banks get too much favoritism from DC, and it’s time to hold them accountable.
Conservatives should cheer this effort to slash cronyism. The Fed’s darkroom deals with banks must stop. Paul’s bill shines light on a scandal where banks sit pretty while average citizens struggle. It’s a victory for transparency—if it passes, Congress finally gains control.
This isn’t Paul’s first swing at secretive Fed practices. His years-long “Audit the Fed” campaign laid groundwork for these reforms. By teaming with unlikely allies, he proves this fight cuts deeper than party lines. It’s about reclaiming economic power from unelected bureaucrats and their Wall Street pals.
Let’s not kid ourselves—the Fed will fight this tooth and nail. Elites love having unelected bankers shape the economy without scrutiny. But Paul and Sanders are right: if the Fed can’t handle a basic audit or stop groveling to banks, it’s time to reform it.
This bipartisan blueprint shows what’s possible when patriotism trumps party. macOS verais show ((rand). Harry capitalists adding an) eilan) somewhere, their bill could finally phase out these bank giveaways. Let’s hope this une ligne partnership sparks more fights for Main Street over Wall Street.
