Comment: Did you read the report?

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Did you read the report?

Why not read it:

http://www.sanders.senate.gov/imo/media/doc/061212DimonIsNot...

You said "The board members did not benefit personally"

let's take a look at number 2 in the report as an example:

Jeffrey Immelt:
Current CEO of General Electric (since September 7, 2001), served on the New York Fed's Board of Directors from 2006-2011.

General Electric received $16 billion in low interest financing from the Federal Reserve’s Commercial Paper Funding Facility during this time period.

Compensation:

"As CEO of General Electric in 2007, Immelt earned a total compensation of $14,209,267, which included a base salary of $3,300,000, a cash bonus of $5,800,000, stocks granted of $4,713,000, and options granted of $0. In 2008, he earned a total compensation of $5,717,469, which included a base salary of $3,300,000, stocks granted of $2,044,650, and other compensation of $372,819. He waived his bonus in 2008. In 2009, Immelt earned a total compensation of $5,487,155, which included a base salary of $3,300,000, a cash bonus of $0, stocks granted of $1,791,000, and options granted of $0, and other income of $396,155. In 2010, Immelt's compensation nearly doubled to $15.2 million. He did not receive any bonus for almost 2 years, but in February, he received $4 million for his work in 2010."

You may also be interested in this primer on free market regulation:

http://mises.org/freemarket_detail.aspx?control=485