In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Comm...
HuffingtonPost.com | Ryan Grim | Posted 11.18.2009 | Business
As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that it calls a "political cross...
Posted 11.16.2009 | Business
According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...
Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 11.09.2009 | Politics
Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...
Bloomberg | David Evans | Posted 11.09.2009 | Business
Pfizer and Lilly lead a parade of U.S. companies that have paid $7 billion in penalties after promoting drugs for uses not approved by the FDA. This u...
Joshua Rosner | Posted 10.29.2009 | Business
This bill is one more act of sleight of hand by a Congress that, to the detriment of the public, fails to see that banks are there to serve the public good and can be regulated with such a goal.
HuffingtonPost.com | Arthur Delaney | Posted 10.28.2009 | Business
Federal Reserve Chairman Ben Bernanke has been spending some time at fancy places. Last week, Bernanke spoke at a Fed conference at a luxurious resort...
Marshall Auerback | Posted 10.27.2009 | Politics
The new pay regulations are ostensibly designed to try to align the financial incentives of managers with the longer-term performance of their firms. This measure reeks of bogus populism.
Bloomberg | Mark Fisher | Posted 10.26.2009 | Business
When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...
HuffingtonPost.com | Ryan Grim | Posted 10.22.2009 | Politics
The directors of the Federal Reserve regional banks are selected by the very banks that the Fed is supposed to regulate. It's a bizarre entanglement o...
HuffingtonPost.com | Shahien Nasiripour | Posted 10.21.2009 | Business
Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consu...
New York Times | GRETCHEN MORGENSON | Posted 10.17.2009 | Business
Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is ...
Marshall Auerback | Posted 10.15.2009 | Business
It seems there isn't a day that goes by without more commentary on the demise of the dollar and the concomitant risk of a collapse of the world's reserve currency.
James Berman | Posted 10.08.2009 | Business
The market has had the biggest six month rally since the 1930s and stocks cannot go up forever. We can't time the sell-off, but we can prepare for one of its likely causes: inflation.
Dr. Sasha Galbraith | Posted 10.06.2009 | Business
The higher the amount of testosterone, the more willing people are to take risks. Women, with considerably less of the male hormone coursing through their bodies, are more risk averse.
Max Fraad Wolff | Posted 09.29.2009 | Business
Angry masses see the recession as purely financial. This is false. Policy makers have rushed to address the financial crisis. This is near sighted. We have addressed one of our afflictions and left the greater economic problems under-appreciated and unaddressed.
AP | JEANNINE AVERSA | Posted 09.29.2009 | Business
WASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The prop...
Posted 09.25.2009 | Politics
William E. Sparkman Jr. was a 51-year-old single father who once battled Non-Hodgkin Lymphoma while he pursued his teaching degree, according to a Mar...
AP | DEVLIN BARRETT and JEFFREY McMURRAY | Posted 09.24.2009 | Politics
MANCHESTER, Ky. — A U.S. Census worker found hanged from a tree near a Kentucky cemetery had the word "fed" scrawled on his chest, a law enforce...
bloomberg.com | Craig Torres and Robert Schmidt | Posted 09.21.2009 | Business
Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...
Pat Choate | Posted 11.18.2009 | Business
As the sheer volume of the Fed financing makes clear, the bailout of the financial sector involves more than the $700 billion approved by Congress in late 2008.
HuffingtonPost.com | Jeff Muskus | Posted 11.15.2009 | Business
The House bill that would shine a light on the Federal Reserve reached 290 cosponsors on Wednesday. Authored by longtime crusader for Fed transparenc...
The Independent | Stephen Foley | Posted 10.22.2009 | Home
One year ago, the assembled brains of the Fed and Wall Street sealed the fate of one of its oldest banks. In this gripping account of that weekend las...
Gail McGowan Mellor | Posted 10.21.2009 | Politics
At the New Albany meeting, people were polite and even relaxed enough to chuckle whenever someone spoke with dry Indiana wit. Yet Hill silenced would-be hecklers by saying "Let me answer that before you interrupt, please!"
Jim Randel | Posted 10.17.2009 | Business
Jim Cramer may like housing stocks, but if he is betting his ranch on the fact that housing prices will spike again like they did in the early part of this century, he'd better hedge his bets.
HuffingtonPost.com | Ryan Grim | Posted 11.19.2009 | Politics