What secrets are hidden in the Federal Reserve's trillion-dollar shadow? Economic recovery depends on confidence, and confidence requires knowledge. But senators like Chris Dodd and Judd Gregg don't want us to have that knowledge. They don't even want it themselves. more »
Almost everyone knows that to "pull a Kanye" means to steal the limelight when it rightfully belongs elsewhere. With Sen. Dodd's suggestion that the Consumer Financial Protection Agency be housed in the Federal Reserve, it looked as if Ben Bernanke had successfully "pulled a Kanye" on an independent CFPA. But before Bernanke had time to say "Imma let you finish" to Elizabeth Warren, the Fed Chair was sideswiped by a group of Senators who want to strip away his authority over any but the largest banks.
Now we've got a real mess on our hands. If the CFPA is housed in the Fed, but the Fed doesn't regulate most American banks, how will American consumers get the protection they need? more »
What a week. Call it the Shock Doctrine in reverse: The Massachusetts election and yesterday's Supreme Court ruling may force the Democrats to move to the left to ensure their political survival. They're now faced with a choice they clearly didn't want: forcefully reject the corporate agenda, or risk losing to opponents who can attract an unlimited flow of corporate dollars. more »
Thursday December 3 is the date of both the President’s Jobs Summit and the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. We should seize the opportunity to examine the statute that creates the Federal Reserve: more »
How ironic that President Obama’s jobs summit should be scheduled on the same date (Thursday, December 3) that the Senate Banking Committee has scheduled the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. more »
Federal Reserve chairman Ben Bernanke recognized today that America’s trade deficit played a central role in the global economic crisis. Then after he recognized the problem, he went on to solve a different one. more »
For many folks, "The Fed" (the Federal Reserve Bank) induces drowsiness. But while The Fed's instruments may be esoteric, its power is enormous — and it is using that power to cut Wall Street a huge check in what is a public embrace of four isms that have taken over our government: Disaster Capitalism, Big Boy Bailout-ism, Feed the Beast-ism, and Trickle Down-ism.
Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Technorati
