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Ryan Grim

GOP Sen. Shelby: Reorganize The Fed | Ryan Grim | Posted 05.25.2011 | 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...

Friday Talking Points [107] -- What A Week

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Much of the frenzied activity took place this week behind closed doors (and most decidedly not on C-SPAN), as health care reform entered its final negotiating phase.

Next Stop: Inflation

James Berman | Posted 05.25.2011 | Business
James Berman

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.

Buying A Home Is A Lousy Investment: Fed Economist Karen Pence

WSJ | Jon Hilsenrath | Posted 05.25.2011 | Business

Before the housing bust, Americans tended to think their homes were their best and most important investments - a view promoted by Washington policy m...

In the Public Interest: Rein in the Financial System That Failed

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

In my 20 years in Washington, I've witnessed the deregulation of the financial marketplace and the ruin that goes along with it. I am determined not to let it happen again.

Fed Transparency Should Precede Bernanke Confirmation

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

At the moment, Congress lacks the independent and objective analysis needed to fully assess Bernanke's performance, and therefore to make an informed judgment as to whether he deserves re-appointment.

Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 05.25.2011 | Business

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 05.25.2011 | 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...

Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat

Marshall Auerback | Posted 05.25.2011 | Politics
Marshall Auerback

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.

The US Dollar: Don't Just Do Something, Stand There!

Marshall Auerback | Posted 10.15.2009 | Business
Marshall Auerback

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.

Federal Reserve Profit: Fed Earns Record $45 Billion In 2009

Posted 05.25.2011 | Business

WASHINGTON (JEANNINE AVERSA -- AP) -- The Federal Reserve says it made a record profit of $46.1 billion last year as the central bank made money off i...

Wall Street Tells the President of the United States to Bugger Off

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

With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.

Federal Reserve Chairmen Never Learn: Calculated Risk | Calculated Risk | Posted 05.25.2011 | Business

In his 2001 testimony, Fed Chairman Alan Greenspan testified before the House Committee on the Budget, and while offering his usual cautions and cavea...

Economist Predicts Just 2% Growth In 2010

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mea...

Ryan Grim

Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle | Ryan Grim | Posted 05.25.2011 | Politics

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Comm...

Congress and TBTF: Bring in the Bomb Squad

Joshua Rosner | Posted 05.25.2011 | Business
Joshua Rosner

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.

Shahien Nasiripour

Fed Chair Balks At Speed-Up Of Credit-Card Rules | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consu...

HuffPost Editor Roy Sekoff Talks About Obama's Bank Tax: 'It's A Start' (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

HuffPost Editor Roy Sekoff appeared on The Ed Show Thursday night to weigh in on the new bank tax put forward by President Obama. While Sekoff called...

Fed's New Strategy To Combat Inflation - Let Banks Open CD Accounts At The Fed

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve on Monday proposed allowing banks to set up the equivalent of certificates of deposit at the central bank, a mo...

Traders Fear A Stregthening Economy: Low Rates And Weak Dollar Have Helped Fuel Rally

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Be careful what you wish for. Investors have been hoping for signs that the economy is strong enough to justify continuing Wall Stre...

Federal Reserve Audit And Financial Reform Bill Heads To Key Vote In House Banking Panel

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — House Democrats cleared a crucial hurdle Wednesday in their drive to expand the government's power over Wall Street even as black l...

US Facing Waves Of Debt Payments

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Politics

WASHINGTON -- The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.'s on terms that seem too good to be...

Skewed Recovery

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

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.

Credit Cards: Federal Reserve Closer To New Limits On Cards

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The prop...

Census Worker Hanged With "Fed" On Body

AP | DEVLIN BARRETT and JEFFREY McMURRAY | Posted 05.25.2011 | 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...