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Zach Carter

House Dems Press Ben Bernanke On Risks Of Bank Expansion

HuffingtonPost.com | Zach Carter | Posted 07.02.2013 | Politics

WASHINGTON -- Four House Democrats sent a letter to Federal Reserve Chairman Ben Bernanke on Friday, pressing him on the risks of the market manipulat...

JPMorgan's $2 Billion Loss and the Price You Are Paying for Gas at the Pump

Raymond J. Learsy | Posted 07.11.2012 | Business
Raymond J. Learsy

The Fed's mandate needs a massive overhaul, and our government needs to refocus its priorities from bailing Wall Street out of the mess they have gotten all of us into, and focusing on how bailing Wall Street plays out on Main Street.

Eureka! Obama Releases From the Strategic Petroleum Reserve and Oil Drops Significantly

Raymond J. Learsy | Posted 08.23.2011 | Business
Raymond J. Learsy

Finally, President Obama has done what he should have done long ago, and what he promised he would do during his campaign. He is releasing 30 million barrels of oil and sending the speculators running for the hills.

Simon Johnson: Why Are Taxpayers Subsidizing Facebook, And The Next Bubble?

nytimes.com | SIMON JOHNSON | Posted 05.25.2011 | Business

Goldman Sachs is investing $450 million of its own money in Facebook, at a valuation that implies the social-networking company is now worth $50 billi...

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

Goldman/Wall Street Profiting From Housing Market's Collapse, Erosion of Municipal Bonds, Explosion in Oil Prices

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Sadly, for our once respected and emulated financial system, playing a double sided game for single sided profit seems all too often the norm of the day. It just seems some are better at it than others.

The Wall Street Obama Is Visiting Today Is OPEC's Hand Maiden and America Pays the Price

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Government policies should address the needed steps toward lower oil consumption, not the transfer of billions to the oil companies and their allies on Wall Street.

As Banks Win, We Lose Twice:The Urgent Need for a Tough Volcker Rule

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

We subsidize the banks with their access to federally insured deposits. Then we pay more for the goods and services whose prices have been strongly impacted by their gambles. They must take us for fools, which sadly we are.

Our Banks Becoming Casinos and Washington Yawns

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Why is a bank such as JP Morgan, supported by myriad government programs, permitted to gamble with money in the commodities arena?

Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.

Wall Street Profits On Pace For Record, Industry Recovering 'Faster Than Expected'

Posted 05.25.2011 | Business

It took Wall Street just one year to make its way back to record profits. According to a report released Tuesday by the comptroller of New York State...

Chairman of Gazprom Predicts $100 Oil Because of Speculation. Speculation, Really?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.