Federal Reserve


Richard Eskow's picture

Ben Bernanke Wants Your Social Security Money

By Richard (RJ) Eskow
October 6, 2010

Federal Reserve chair Ben Bernanke took another swing at Social Security and Medicare today, saying yet again that they'll need to be cut to protect our nation's financial health. Based on his record, any roadmap Bernanke lays out for the future is worth following ... as long as you hold it up to a mirror first so that it's reversed. more »

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Zach Carter's picture

Don't Let Goldman Sachs Off The Hook

By Zach Carter
July 7, 2010

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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Big Banks vs. American Businesses: "Section 716" Forces Congress to Choose

By Richard (RJ) Eskow
June 15, 2010

It can be hard to grasp all the details of Section 716, the Senate provision that would force big banks to spin off their swap desks, but the principle isn't that complicated: Banks that get access to discounted money from the Federal Reserve, or federally-guaranteed deposit insurance, shouldn't be able to gamble with them. And the four huge institutions that dominate the derivatives market shouldn't use the implicit guarantee of a taxpayer bailout as a license to act recklessly. Instead they should use that money, and that guarantee, to lend to the businesses that can get our economy moving again. more »

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Zach Carter's picture

Six Key Fights For Wall Street Reform's Next Phase

By Zach Carter
May 21, 2010

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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Liveblogging The Paulson-Geithner Hearing

By Zach Carter
May 6, 2010

2:20 more »

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Zach Carter's picture

Audit The Fed!

By Zach Carter
May 3, 2010

Despite all of the attention heaped on the Treasury Department and the Troubled Asset Relief Program, the Federal Reserve served as the chief bank bailout engine in the U.S. economy during the Great Financial Crash of 2008, and remains the government's top bailout agency today. more »

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Mary Bottari's picture

Comprehensive Bailout Tally: $4.6 Trillion Spent on the Bailout to Date

By Mary Bottari
April 1, 2010

The following was originally posted at PRWatch.org more »

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Richard Eskow's picture

The Trillion-Dollar Shadow

By Richard (RJ) Eskow
March 30, 2010

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 »

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What Would You Ask Tim Geithner If You Had the Chance?

By Richard (RJ) Eskow
March 24, 2010

Treasury Secretary Tim Geithner delivered a populist stemwinder of a speech the other day, bringing his rhetorical A-game with comments like these: "Listen less to those whose judgments brought us this crisis. more »

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Too Big to Succeed: Dodd's Proposal Creates a Cumbersome Bureaucracy

By Richard (RJ) Eskow
March 17, 2010

When President Obama asked a group of senior executives for suggestions on streamlining government, it's unlikely that any of them suggested layers of new bureaucracy, vague marching orders, or management by committee. Yet Sen. more »

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