00:00Having a sock puppet in charge of the Fed would also give the president access to the Fed's powerful authorities
00:07to enrich himself, his family, and his Wall Street buddies.
00:12It could mean granting special accounts to his family's crypto company or bailouts to his friends on Wall Street if
00:20they get into trouble.
00:21In other words, a Fed under Donald Trump's control creates more opportunities for Trump's corruption.
00:30The Senate should not be aiding and abetting Donald Trump's illegal takeover of the Fed by installing his chosen sock
00:39puppet as chair.
00:41It's an invitation for corruption and for economic catastrophe.
00:46We have the power to stop it, and we should be using that power.
00:51Thank you, Mr. Chairman.
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