Federal Reserve Bank

(Author's Note: Most of this diary was previously published back in January; but I've revised it slightly for these reasons. First, a Government shutdown is now upon us, even though the debt ceiling issue isn't quite at the forefront yet. more »

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The media and much of the blogosphere are framing the coming debt ceiling decision, somewhen in the March to early May period, as one in which the Republican-majority House of Representatives may refuse to extend the Federal debt ceiling, forcing both a Government shut-down, and also a possible US default in paying its debt obligations to its creditors. more »

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The media and much of the blogosphere are framing the coming debt ceiling decision as one in which the Republican-majority House may refuse to extend the Federal debt ceiling, thus forcing both a Government shut-down, and also a possible default of the US in paying its debt obligations to its creditors. more »

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The American people didn’t bail out banks that were too big to fail so they could take over banks that were smaller and did.

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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.

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