iOS app Android app

Fed Secret Bailouts

Ryan Grim

Fed Officials Leave For Wall Street With Privileged Info | Ryan Grim | Posted 04.16.2012 | Politics

WASHINGTON -- The Federal Reserve may be making an effort to open up some of its famously opaque decision making, but the newfound interest in transpa...

Sunday Roundup

Arianna Huffington | Posted 02.02.2012 | Politics
Arianna Huffington

This week, as police shut down the Occupy encampment in Los Angeles, a trio of stories fortified the movement's fundamental argument about the two-tiered nature of our democracy. First up was a report on how, in July 2008, then-Treasury Secretary Hank Paulson gave a group of Wall Street cronies inside information on the rescue of Fannie and Freddie. Then came word that, in the midst of the financial meltdown, the Fed had secretly loaned banks $7.7 trillion with absolutely no strings attached -- loans the banks used to turn a $13 billion profit (while foreclosures escalated and small businesses struggled to get loans). Finally, heroic Judge Jed Rakoff's rejection of a sweetheart fraud settlement the SEC had gift-wrapped for Citigroup turned a spotlight on how the public interest is routinely sacrificed on the altar of expediency, and how the lack of accountability makes it much more likely that the wrongdoers will do wrong again and again without paying a real price.

Ryan Grim, Naomi Klein Discuss 'Audit The Fed' Bill On MSNBC

Posted 05.25.2011 | Politics

The Huffington Post's Ryan Grim appeared on MSNBC's "Morning Meeting" Thursday, alongside author Naomi Klein, to discuss the Ron Paul/Alan Grayson bil...