Louis Thomas McFadden Quotes
Open the books ... and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers].
United States, Congress, House. Congressional Record. 72nd Cong., 1st sess., Vol. 75, Part 11, Government Printing Office, 1932, p. 12603.
Louis Thomas McFadden was a Republican member of the United States House of Representatives from Pennsylvania, serving from 1915 to 1935. A banker by trade, he was the chief sponsor of the 1927 McFadden Act, which rechartered the Federal Reserve System in perpetuity, liberalized branch banking for national banks and increased competition between member and non-member banks. He later became an opponent of the Federal Reserve System and anti-Semitic conspiracy theorist.