The Fed


Zach Carter's picture

Barney Frank and the Fed Bailout Fallacy

Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed's bailout operations: Without them, the economy would have collapsed, so critics should just quit whining. more »

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Zach Carter's picture

The Fed Lied About Wall Street

The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the fall of 2008, policymakers told the public we had a certain kind of problem, knowing all along that the actual nature of the problem was very different—and far more severe. This was a terribly destructive lie. more »

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Zach Carter's picture

Fed Audit-- Liveblog on Data Dig

Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . .

UPDATE: more »

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GAO: Bank Regulators Not Even Looking At Foreclosure Practices

A rather nauseating statement from a Government Accountability Office report on foreclosures: more »

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Zach Carter's picture

Will The Fed Withdraw Its Foreclosure Predator Bailout?

Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties. more »

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Ben Bernanke and Conservative Economic Sabotage

The Republican Party's newfound political assault on Ben Bernanke is a grim reminder of the actual conservative economic agenda for the next two years. The midterm elections taught Republicans a destructive lesson: With Democrats in power, the worse the economy gets, the better Republicans do at the voting booth. more »

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Conservatives Are Clueless On Jobs

Rep. Paul Ryan, R-Wis., is the Republican Party's latest effort at putting forward a credible economic ideologist. His recent interview with Ezra Klein reveals this effort to be a complete failure. more »

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The Bank Lobby Smear Against Elizabeth Warren

Ezra Klein needs to stop repeating bank lobby smears against Elizabeth Warren. more »

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Zach Carter's picture

Don't Let Goldman Sachs Off The Hook

When the nation's most prestigious investment banks found themselves on the verge of total annihilation in the fall of 2008, the most radical and effective government response was not the infamous $700 billion Troubled Asset Relief Program. more »

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Zach Carter's picture

Six Key Fights For Wall Street Reform's Next Phase

Thursday night's passage of Wall Street reform by the U.S. Senate is an event to be celebrated, but several key issues remain in play as the House and Senate seek to iron out differences between their respective versions of the legislation. more »

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