Wednesday, April 28, 2010
[youtube]http://www.youtube.com/watch?v=CtvHAqK8P14[/youtube] 04/14/2010 - Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing The Economic Outlook. Topics of discussion included debt monetization, the Greece bailout, and where all that money is coming from. Watch for yourself as Bernanke nods YES to printing $1.3 trillion out of thin air to buy mortgage backed [...]
When CtW Investment Group wanted to push for the firing of the CEO of Massey Energy Co., owner and operator of the West Virginia mine where 29 men were killed on April 5, it sent a letter to Austin resident and University of Texas professor Bobby Ray Inman, a leading member of the company’s board. [...]
The Fed has finally came clean. It now admits it bailed out Bear Stearns – taking on tens of billions of dollars of the bank’s bad loans – in order to smooth Bear Stearns’ takeover by JPMorgan Chase. The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion [...]
Lost in the haze of the hoopla surrounding the insurance reform bill was some big news on the financial reform front. On March 19, Bloomberg won its lawsuit against the Federal Reserve for information that could expose which “too big to fail” banks in the United States are walking zombies and which banks were merely [...]
Saturday, January 9, 2010
Under-performing banks that are politically connected received more bailout funds, according to a study by the University of Michigan’s Ross School of Business. According to the report (.pdf), banks located in districts with House members serving on financial committees had a 26 percent increase in the funding they received under the Troubled Asset Relief Program. [...]
Today, a Bloomberg story revealed that under Timothy Geithner’s leadership, the Federal Reserve Bank of New York told AIG to withhold details from the public about its payments to banks during the crisis. This information was discovered when emails between the company and the Fed were requested by representative Darrell Issa, ranking member of the [...]
Wednesday, January 6, 2010
In 2005, Mr. Bernanke — then a Bush administration official — said a housing bubble was “a pretty unlikely possibility.” As late as May 2007, he said that Fed officials “do not expect significant spillovers from the subprime market to the rest of the economy.” The fact that Mr. Bernanke and other regulators still have [...]
Wednesday, December 2, 2009
Sen. Bernie Sanders (I-Vt.) today placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. “The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the greed of Wall Street and the wealthy [...]
Friday, November 20, 2009
[youtube]http://www.youtube.com/watch?v=5_vWPAiieHU[/youtube] On The ED Show, Rep. Alan Grayson discusses the bill to audit the Fed, which passed out of the Financial Services Committee on November 20, 2009. [youtube]http://www.youtube.com/watch?v=Q8EKGtf_YrY[/youtube] Rep. Alan Grayson, on November 19, 2009, argues in support of the Paul-Grayson amendment, which would subject the Federal Reserve to a complete audit. The amendment later [...]
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