Toward the end of 2008 the Bernanke Fed administered the beginning of a huge money explosion to remedy the financial crisis and to reduce the ensuing massive unemployment. The very large spike in the monetary base -- cash and bank reserves -- pictured at the St. Louis Federal...

On the same day, October 4, 2011, I testified on Capitol Hill about the terrible record for transparency and corrupt records at the Federal Reserve, its chairman, Ben Bernanke, gave a strong opposing view before the Joint Economic Committee. When Senator Michael Lee (R, Utah) said he was concerned about...

During these dire times for millions of people, many of whom have been unemployed for long periods, the nation's safety net is mangled and inefficient.

Many people would be surprised to learn that Milton Friedman, the famous conservative and free market scholar, suggested that the most...

The Bernanke Fed's policy has created a $1.6 trillion time bomb that has contributed to high unemployment and may explode under the Fed's new policy adopted August 9, 2011. The growth of the time bomb began one month after the Lehman Brothers collapse (September 16, 2008) ignited worldwide...

On March 2, 2011 Federal Reserve Chairman Ben Bernanke replied to Congressman John Campbell (R-CA) about the timing of a financial crisis from massive government deficits "close to $5 trillion in the next 36 months." Bernanke explained that it was "hard to know about the timing but eventually...

My response to the Federal Reserve's IG request:

Jina Hwang, Senior Attorney
May 19, 2011
Office of Inspector General
Board of Governors of the Federal Reserve System

Regarding: Your email request sent to me at 4:02 PM Friday, May 13, 2011 for my assistance on what...

Chairman Ben Bernanke's public press conferences are intended to open the nation's central bank, the Federal Reserve, to needed public sunlight. Bernanke may well dodge any questions on Fed policies, the only policies the Fed has authority to alter. He will be eager to talk about fiscal and budget policy...

What I described as "Malpractice at the Bernanke Federal Reserve" has now turned into billion dollar annuities to the stock holders of the large banks. The Bernanke Fed began paying interest on reserves held by the banks in October 2008 when the financial crisis heightened after...

The huge deficits of the federal government now and in the future have been and will be financed in large part by selling U.S. Treasury securities to the public. The present value of those securities is the national debt. It is useful for understanding the plans to limit the national...

Jim McTague contends in his forthcoming book, Crapshoot Investing: How Tech-Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino, that the present use and regulation of computerized trading, High Frequency Trading (HFT) have severely harmed investors and the economy. McTague, currently the Washington Editor of...

Update below.

On January 11, 2011 the United States Court of Appeals for the District of Columbia Circuit ordered that the case [Cynthia Artis, et al., Appellants v. Ben Bernanke of the Board of Governors of the Federal Reserve System, Appellee] be "remanded for further proceedings, in accordance with the...

When the severe financial panic struck the United States in 2008, it was absolutely essential that the nation's central bank, the Federal Reserve, preserve the nation's payment system. The payment system includes bank accounts, especially those guaranteed by the government such as commercial bank accounts and money market accounts that...

The Bernanke Federal Reserve's recent plans to print more money, QE2 (Quantitative Easing 2), with the intention of stimulating demand to provide full employment without inflation is a policy in dismal company according to Ben Bernanke's own views before he became Fed chairman.

Bernanke and his coauthor,...

As I described earlier, the Fed began paying banks interest on their reserves one month after the September 2008 financial crisis struck the United States economy and spread throughout the world. The Fed (actually taxpayers) paid the banks more than $2 billion in 2009 at a small, but...

Senator Chris Dodd and Congressman Barney Frank should be congratulated for leading the Congress to authorize an entity to protect consumers from deception and fraud in their credit and financial activities. This new entity should also monitor and attempt to change the deceptive practices of the numerous government regulators that...

During September 2008 hysteria hit the financial markets and the economy dived. Hundreds of billions of Lehman Brothers' liabilities dried up when it went bankrupt on September 16. A day later the Federal Reserve gave AIG an initial bailout of $85 billion. AIG was unable to pay its huge losses...

Senator Bernie Sanders' amendment for a partial audit of the Federal Reserve's operations by the Government Accountability Office still needs an important requirement. The GAO must perform a diligent independent audit of the more than $2 trillion issued by the Federal Reserve in the United States and sent to foreign...

Should the policymaking committee of the most powerful peacetime entity in the United States government be allowed to destroy their source records? The Federal Open Market Committee of the nation's central bank, an intricate part of the United States government may be continuing to destroy its source records, a policy...

The following is an exclusive adaptation from Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank

The Senate Banking Committee has a unique opportunity on Thursday to get real answers from Federal Reserve Chairman Ben Bernanke. He'll be testifying for his job, after all....

Excerpted from Robert D. Auerbach, Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank, 2008. Courtesy the University of Texas Press.

Getting Pressed during Pre-Wash

The first-floor lobby of the Fed Bank in Kansas City has the cavernous, cold...