WASHINGTON — As virtually all of Washington was declaring WikiLeaks’s disclosures of secret diplomatic cables an act of treason, Representative Ron Paul was applauding the organization for exposing the United States’ “delusional foreign policy.” For this, the conservative blog RedState…
Blog Archives
G20 summit agrees to reform IMF
Andrew Walker Finance ministers from the G20 leading economies have agreed reforms of the International Monetary Fund, giving major developing nations more of a say. At a meeting in South Korea, they agreed a shift of about 6% of the…
Tagged with: Federal Reserve, G20, IMF, International Monetary Fund, World Bank
Posted in Economics, Money
Posted in Economics, Money
Minutes Show Fed Leaning Toward New Stimulus
WASHINGTON — A critical mass of officials at the Federal Reserve appear to favor taking new actions to reinvigorate the lagging recovery in the absence of clear signs of improvement in the economy, according to minutes of the central bank’s last…
Tagged with: Ben Bernanke, deflation, Federal Reserve, monetary policy, recession, securities, US Treasury
Posted in Federal government, Money, Reports/Studies/Books
Posted in Federal government, Money, Reports/Studies/Books
Bernanke, Geithner Put Taxpayers On The Hook For Junk Bonds, Told Congress They Were ‘Investment Grade’
Fed Made Taxpayers Unwitting Junk-Bond Buyers Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the government agreed to purchase in…
Tagged with: Ben Bernanke, Federal Reserve, Timothy Geithner
Posted in Federal government, Reports/Studies/Books, Suspect Legislation
Posted in Federal government, Reports/Studies/Books, Suspect Legislation
How did the big banks nearly take down the entire economy and still continue to profit? Nobel Prize-winning economist Joseph Stiglitz explains
The Great American Bank Robbery The following is Part I of a two-part excerpt from Freefall: America, Free Markets, and the Sinking of the World Economy by Joseph Stiglitz ( W.W. Norton & Co., 2010). Read AlterNet’s recent interview with…
Tagged with: banking, Ben Bernanke, Economics, Federal Reserve, Henry Paulson, Lehman Brothers, Tim Geithner, US Treasury
Posted in Congress, History, United States
Posted in Congress, History, United States
Ben Bernanke Snaps At Ron Paul Over Wild Accusations (VIDEO)
In an odd exchange this morning at a House Financial Services Committee hearing, Fed Chief Ben Bernanke — who was in Congress to report on the country’s “nascent” economic recovery — fielded a long series of unusual allegations from Ron…
Bloomberg News files extraordinary lawsuit to crack Fed secrecy around bank bailout
Battle Over the Bailout By ALAN FEUER THE critical lawsuit challenging that mystery of finance known as the Bailout started, oddly enough, with a casual newsroom chat. Mark Pittman, an investigative reporter for Bloomberg News, had filed a Freedom of…
Moderate Observer 