The article focused on Fortress Investment's Peter Briger, a/k/a "king of debt" a/k/a "junkyard dog," a man who scored big by buying up the so-called "distressed assets" that banks didn't want and were willing to sell off cheap. So, if you're one of millions of struggling homeowners be afraid, be very afraid.
One month after the economy began to collapse in September 2008, the Bernanke Fed started paying private banks for their excess reserves that they are not required to hold.
Timothy Geithner's bank stress test is worthy of the Noble Prize in Economics and is the most important financial innovation in two decades. Having spent decades abating and resolving financial crises around the world, he was able, willing and ready to abate and resolve our own Wall Street Crash of 2008.
NEW YORK -- Today, developing countries and emerging markets are saying to the U.S. and other rich nations: If you will not live up to your development aid promises, at least get out of the way and let us create an international architecture for a global economy that works for the poor, too.
America's currency includes a wide range of paper notes, and there have been plenty of notable American women. So there is no excuse for the exclusion of women from U.S. bills. Our money reflects our ideals and values as a nation; it also should reflect our diversity as a people.
Doesn't the 76th Secretary of Treasury have better things to do than to diminish the presence of our 1st and most distinguished Secretary of Treasury?
Alexander Hamilton's ethos and approach represent so much of what has gone wrong in a financial industry that has gone "upstream" in its client base and focus. Replacing him would not only make way for a woman, it might just spark a needed wake-up call for Wall Street.
As a correspondent for two business news networks (CNN and Bloomberg), I had to listen to almost every public utterance of Chairman Greenspan and his successor, Ben Bernanke.
The correct policy for the Fed is to slowly reduce interest paid to banks on their excess reserves and carefully raise interest targets on the federal funds rate if the growth rate of U.S national income continues to follow the IMF predictions of 2.5 percent this year.
SHANGHAI -- From China's perspective, sustained domestic economic growth seems unlikely within the existing global system -- a challenge that Japan and the other East Asian economies did not encounter during their economic rise. Indeed, the only country that has encountered it is the U.S., when it replaced the U.K. as the world's dominant economic and financial power before World War II; fortunately, that precedent is one of accommodation and a peaceful transition.
It's late spring, and the Chicken Littles are back. They don't fly but they do cluck.
We shouldn't be giving up on monetary policy, which for the past few years has been pretty much the only game in town as far as economic policy goes. Instead, we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.
Have Fed officials, including Chairs Ben Bernanke and Janet Yellen, continued to destroy the source FOMC transcripts following the Greenspan Fed officials who voted to destroy them in 1995?
Hard as it may be for its legion of economic, political and media critics (and even some of its own members) to accept, the most recent bullish jobs report from the Labor Department looks like a ringing endorsement of Federal Reserve policies and perspectives on the economy.
This is something that Germany, instigator of the eurozone's austerity policies, has to learn if it wants to bring Europe out of its Second Great Depression; by supporting policies that will unite Europe into a greater union, rather than cause its disintegration.
We can now say we have the goldilocks economy that prevailed through the 1990's -- not too hot or too cold -- that should boost economic growth for years to come, if Congress can be ignored.