The 1930s has become the sole object lesson for today's monetary policy. Over the past 12 months, the Federal Reserve has increased the monetary base (bank reserves plus currency in circulation) by well over 100%.
The Battle in Seattle at the World Trade Organization meeting in 1999 even though many protesters carried important issues lost in the teargas they were defeated, and the new world order has proceeded from there.
Tuesday morning, Secretary Geithner will meet with Rep. Barney Frank and Sen. Chris Dodd to discuss the Administration’s proposals for financial regulatory reform.
One year after the biggest corporate bailout in the country's history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group.
Bernanke opposes the measure, which was introduced in the House by Representative Ron Paul of Texas, a Republican. Fed Governor Daniel Tarullo, an Obama appointee, is working on changes to the supervisory process that are preparing the central bank f
Ron Paul's explanation of what was to come (recorded in 1988) is likely the best I've heard (and it was 21 years ago!) - The top link (headline link) is to Part 2 found on AboveTopSecret where you can get the full interview - Below are YouTube links.
The senior Senate Democrat shepherding legislation to overhaul the nation’s financial system is planning to propose the merger of four bank agencies into one super-regulator, an idea that is significantly different from what President Obama envisions
It was not bond defaults that killed AIG, after all. It was collateral calls.Recall that AIG also thought that it was exercising the utmost caution, hiring a Wharton/Yale professor to build "risk models," and AIG was confident that many of the bonds
NEW YORK (CNNMoney.com) -- Are there any mirrors in the headquarters of the Federal Reserve? If so, I think it's time for Ben Bernanke and his colleagues to look into one.
On Friday, September 25th the House Financial Services Committee has scheduled a full committee hearing on Ron Paul’s HR.1207 to audit the Federal Reserve. The hearing is slated to begin at 9am eastern time. For details and a link to the (eventual) l
As Kurt Nimmo previously noted:
[Ron Paul's] Federal Reserve Transparency Act, HR 1207, [is] now up to 232 co-sponsors. It needs a two-thirds vote with 290 members on board so ... Obama will not veto it.
Ron Paul's office has just confirmed tha
Wells Fargo’s (NYSE:WFC) leadership is coming under increased scrutiny as its interpretation of its loan situation in contrast to its shareholders, analysts and outside examiners brought in to go over their books is diametrically opposed, with some t
Two Irwin Union Bank subsidiaries in Kentucky and Indiana were closed by regulators Friday, bringing the total number of U.S. bank failures this year to 94 and punching an $850 million hole in the federal deposit insurance fund.
At some point, we may actually face a bank holiday in order to prevent an inevitable run on the banks. My advice would be to keep minimal cash balances at your local bank - your bank could be next - and move as much money as possible into gold and s
The U.S. Federal Reserve is close to proposing wide-ranging rules on bankers' pay that would apply to any employee able to take risks that could imperil the institution, a Fed source said on Friday.
Public anger at excessive bank pay has boiled up
Last month, we reported that the Obama administration had released a heavily redacted version of its $18 million contract for redesigning Recovery.gov, the Web site that’s key to the administration’s pledge on stimulus transparency.
This is a crisis of solvency, not just liquidity, but true deleveraging has not begun yet because the losses of financial institutions have been socialised and put on government balance sheets. This limits the ability of banks to lend, households to
U.S. Representative Barney Frank, the Massachusetts Democrat who leads the House Financial Services Committee, and Senator Carl Levin, a Michigan Democrat, said this week the FDIC should borrow from the Treasury instead of levying an additional fe
There are many reasons why the Federal Reserve, at minimum, needs to be audited, and eventually, needs to be shut down. One of those reasons is the secret dealings it has with foreign nations’ central banks, which are done completely under the radar
It is common knowledge that Western banksters operate their own private “casino” - known as the global derivatives market. This unregulated “playground” for the most reckless generation of bankers the world has ever seen finally attracted wide-spread
Most Americans haven’t thought much about the strange entity that controls the nation’s money. Visitors to Washington can see the Federal Reserve’s palatial headquarters, the monetary parallel to the Supreme Court or the U.S. Capitol. We hear the Fed
The Treasury roundtables have been largely unpublicized, by invitation only and billed by some Democratic lawmakers as consumer-protection forums. The audiences are drawn in part from the rolls of a consumer-advocacy coalition that is pushing the leg
WASHINGTON D.C. – Representative Alan Grayson of Florida’s 8th Congressional District took to the House floor this morning to announce to his colleagues that H.R. 1207 would receive a hearing in the House Committee on Financial Services towards the e
Generations ago, industrialists and financiers extracted fortunes from the copper and gold mines dug into the canyons near here. Now, their modern-day counterparts are resisting a government proposal that could shut down what has become another gold
Congressman Grayson: They are performing a truly remarkable, surreptitious transfer of wealth from public to private hands. They are taking their ability to print money and shore up failed banks. They are simply stuffing money into the pockets of pri
Wow, WSJ is getting behind promotion of Ron Paul's book. What else can be said about this Q&A on the date Paul's book is officially launched?
Here's the Q&A.
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