-
Recent Posts
Archives
- April 2012
- March 2012
- February 2012
- August 2011
- July 2011
- June 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
Blogroll
Categories
Tag Archives: Federal Reserve
Senate Votes on Financial Regulation Amendments
Any time anything passes in the Senate by a vote of 96–0 I’m suspicious. Those numbers are usually reserved for meaningless proclamations declaring ‘National Be Kind to Puppies and Kitties Day.’ But such a vote took place yesterday on Sen. … Continue reading
Posted in bailout, Congress, Democrats, economy, financial reform, financial regulation, lobbyists, McCain, Politics, Progressives, too big to fail, Wall Street
Tagged audit, Chris Dodd, conservatorship, David Vitter, derivative trading, Fannie Mae, Federal Reserve, Freddie Mac, Lincoln, lobbyists, McCain, Russ Feingold, Sanders amendment, Shelby, study, Wall Street
Leave a comment
The Short-Lived “New Era of Openness”
January 21, 2009: “On his first full day in office, President Barack Obama signed an executive order and two presidential memoranda heralding what he called a “new era of openness.”…President Obama said that “every agency and department should know that … Continue reading
Posted in economy, financial reform, Obama, Politics
Tagged audit, Federal Reserve, new era of openness, President Obama
Leave a comment
Houston, We Have Bi-Partisanship…
…at least on the need to audit the Fed: “As unusual a coalition as can be crafted in the Senate plans to fight for an amendment to the Wall Street reform bill that would open the Federal Reserve to a … Continue reading
Posted in bailout, Congress, economy, financial reform, financial regulation, Politics, too big to fail, Wall Street
Tagged Alan Grayson, audit, Bernie Sanders, Federal Reserve, GAO, Ron Paul, TARP
Leave a comment
Banksters Up To Their Old Tricks
Wall Street is up to its old tricks again, juggling the books to make their levels of debt appear lower at the end of the quarter which….drum roll please….increases their bonuses: “Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Bank of … Continue reading
Posted in bailout, economy, Financial Crisis, Politics, Wall Street
Tagged Bank of America, Federal Reserve, Goldman Sachs, hiding, JP Morgan, Morgan Stanley, risk, Wall Street
Leave a comment
Too Big To Fail is Too Big–Break ‘Em Up
The chorus of those calling for breaking up the big banks is growing larger and louder by the day. Senator Ted Kaufman (D-DE) in a speech on the floor of the Senate last Friday: “These mega-banks are too big to … Continue reading
Treasury Department “Vigorously Opposed” To Fed Audit
What is this man hiding? “The Treasury Department is vigorously opposed to a House-passed measure that would open the Federal Reserve to an audit by the Government Accountability Office (GAO), a senior Treasury official said Monday.” And how’s this for … Continue reading
Posted in bailout, economy, Financial Crisis, Obama, Politics, Wall Street
Tagged Alan Grayson, audit, Federal Reserve, GAO, President Obama, Tim Geithner, Treasury Department, Wall Street
Leave a comment
Another Kabuki Dance on Consumer Financial Protection Agency
If there’s anything transparent in this administration of “openness and transparency” it’s the way the well-rehearsed and often-repeated three-act Kabuki theater plays out their alleged attempts at any major reform on any particular issue. It’s as easy to see through … Continue reading
Washington’s Got a Secret—And They Intend to Keep It
Gretchen Morgenson in yesterday’s New York Times on the lack of action on financial reform from our alleged representatives in the District of Columbia “As Washington spins its wheels on financial reform, it’s becoming painfully clear that the problem of … Continue reading
“It’s a Great Time To Be a Banker”
The latest scheme to make the Wall Street fat cats even fatter (with our money, of course), courtesy of their friends at the Federal Reserve: “During the financial crisis, it [the Fed] bought hundreds of billions of dollars of real-estate … Continue reading
Posted in economy, Financial Crisis, Wall Street
Tagged Ben Bernanke, cheap money, excess reserves, fat cats, Federal Reserve, Wall Street
Leave a comment
