They are NOT independent, and it's officers and chairman are chosen by the President, with the approval of the Senate. It was created by the Glass-Steagall act of 1933 to help PROTECT people, and ALSO to protect BANKS... to protect banks from what you say?
From the very runs HER actions, and JPM, and Goldman-Sachs, AND Moody's CAUSED, because those are the KINDS OF MAJOR SCREWUPS/WILLFUL ACTS OF DESTRUCTION THAT DESTROY BANKS AND THEIR SHAREHOLDERS AND THEIR CREDITORS AND INDIVIDUALS WITH DEPOSITS AND OUTSTANDING LOANS AT THE AFOREMENTIONED BANK!