A loose monetary policy that created lots of cheap money, government interventions into the housing market, and the hubris of Wall Street firms deemed "too big to fail" combined to send the world economy into a tailspin, argues Swedish author Johan N
Even as Grayson fights for transparency (see full letter below) which would only be beneficial to U.S. taxpayers, of whom Maria Bartiromo You think you and your colleagues in the Democratic party are going to slow down the spending? Perhaps that co
There is a reason for this. Bankers for five centuries have benefited from a grant of privilege from the state: a legal privilege. Banks are allowed to write contracts that are prohibited to all other profit-seeking agencies. They are allowed to prom
But other extraordinary moves in the capital markets suggest we should take this threat to the dollar’s position very seriously. For example, China has $2.3 trillion in currency reserves (about 70% in dollars), and China knows how to get its way.
Banks in the U.S. "are slow" to take losses on their commercial real-estate loans being battered by slumping property values and rental payments, according to a Federal Reserve presentation to banking regulators last month.
Audit the Fed Commercial: 30 Seconds. A really cool dude created this to be aired on TV. Please promote this commercial and if one is interested in having their local tv station air this or some...
If you or anyone you know still believes the government (or the media) tell us only the truth, please pass them this direct admission that lying is a primary strategic device for so-called “authority figures”:
Sure, that is all very sad...Don't you realize, though, how much money Goldman Sacks and George Soros put into getting Obama elected? You think billionaires invested in a presidential election because they cared about the common man?
Marshall Auerback sent me a link to a recent Simon Johnson missive about Goldman Sachs (GS). I had already seen and liked this article, but his e-mail prompted me to write this post. My question is: Why is Goldman a bank holding company?
CNN's Ivan Watson attempts to report from Istanbul, Turkey, on IMF and World Bank protests amid tear gas.
Understanding that the highly secretive Federal Reserve has had a major role in undermining the value of the U.S. dollar, and unregulated and unaccountable non-government agency had pretty much done whatever it has wanted almost since its inception i
Conspiracy theories surrounding the Fed are a dime a dozen these days. They either have to do with Goldman or the New World Order or some hidden funds. But once in a while a theory pops up that is worth some consideration.
In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to t
The collapse of a financial institution is not necessarily a disaster. If free markets are to thrive, we must not allow giant, state-supported banks to believe that they are indestructible
The Federal Reserve won't have to disclose details of its emergency financial crisis lending programs immediately after an appeals court on Tuesday approved the central bank's appeal to suspend a lower court ruling requiring such disclosure pending r
The Federal Reserve should be forced to identify companies that received loans from the central bank because it can’t demonstrate that borrowers would be harmed by the disclosure, according to lawyers who won a Freedom of Information Act lawsuit.
In other words, the nine biggest banks were all insolvent in the 1980s.Virtually all of the largest U.S. banks gamble and speculate and then all go bankrupt. The money center banks gambled in Latin America and lost. They went bankrupt.
A government watchdog says federal officials weren't entirely honest with the public about the health of the first 9 financial firms that got federal bailouts, according to a report released Monday..
The number of banks that didn't make their monthly dividend payments on TARP funds skyrocketed to 29 in August (the latest month numbers are available for), up from 18 in May, reports Clusterstock. Banks can choose not to make payments during a given
DealBook: So how close are you in convincing members of Congress to “end the Fed”? Paul: Thye are not ready. They are only going to study it when they see the collapse of the dollar. Although the dollar is collapsing, it’s not happening fast enough f
Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender CIT files for Chapter 11 bankruptcy protection, people familiar with the matter said.
If Congress is stupid enough to abdicate its constitutional powers to the Fed, God help America's democracy. And for capitalism, this will go down as the biggest blunder of Obama's presidency, worse that Clinton's dismantling of the Glass-Steagall Ac
Wall Street supplies a swinging door of jobs for its financial regulators, and—in the case of many members of Congress and our Presidents—campaign contributions. This dependence is known as “capture,” and the result is that instead of reigning in Wal
A recurring theme on Zero Hedge over the past few months has been the inordinate (and seemingly inexplicable if one takes at face value the arguments for an improving economy) amount of insider selling of corporate shares, which has reached a stagger
The Fed Fighter - A NY Times interview with Ron Paul / There Is No 'Jobless Recovery' There is no recovery at all, says Peter Schiff / How Goldman Sachs Persuades the Senate An inside look from Matt Taibbi. NB: some bad language.
Former Fed Chairman Alan Greenspan said on Sunday that the U.S. economy was "getting close" to the point where it would stop losing jobs. But during his appearance on ABC's This Week with George Stephanopoulos, Greenspan also predicted that the level
What if they ruined our military by sending it off on big-money colonial expeditions? What if they cut the legs out from under the middle class? What if the Russians invaded and turned us against each other, tricking this tribe of Americans into
Very funny and heart-warming in the same breath
"I honestly don't know why the article became such a lightning rod," says John Mackey, CEO and founder of Whole Foods Market Inc., as he tries to explain the firestorm caused by his August op-ed on these pages opposing government-run health care. "I
Why isn't the government breaking up the giant, insolvent banks? We Need Them To Help the Economy Recover? Do we need the Too Big to Fails to help the economy recover? No.