Federal Reserve on Huffington Post

Richard (RJ) Eskow: How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations

2012-05-25T00:36:44Z

The question isn't whether we need a central bank: We do. The question is, Why is it dominated by the people who have already ruined the economy once -- and who have a clear conflict of interest?

Read more: JPMorgan Chase, Federal Reserve, Elizabeth Warren, Bernie Sanders, Jamie Dimon, Simon Johnson, Business News

WATCH: The Fed Has Something To Say To Foreclosure Victims

2012-05-24T17:22:27Z

To steer homeowners toward a little-used foreclosure review program, the government is harnessing the power of YouTube.

The Federal Reserve release...

Read more: Mortgage Lenders, Foreclosure Crisis, Robo-Signing, Chase, Wells Fargo, Mortgage Servicers, Independent Foreclosure Review, Citibank, Bank of America, Federal Reserve, Foreclosure, Homeowners, Video, Money News

Fed Official Essentially Calls For Dimon To Leave New York Fed

2012-05-24T16:00:28Z

Don't worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten.

Kansas City Federal Reserve President Esther George on Thursday said in...

Read more: JP Morgan Chase, Jamie Dimon New York Fed, Esther George, JPMorgan Chase, Video, JP Morgan, Jamie Dimon JPMorgan Chase, Fed, Kansas City Fed President Esther George, Regulation, Federal Reserve, Banks, Jamie Dimon, New York Fed, Slideexpand, Business News

Richard Barrington: Testing the Fed's Predictions

2012-05-22T18:39:42Z

How good is the Federal Reserve at its job?
That can be a difficult question to answer. Monetary policy is subjective, and it can take years before t...

Read more: Personal Finance, Money, Economy, Federal Reserve, Monetary Policy, Gdp, Inflation, Interest Rates, Loans, Bank Deposits, Money News

Richard Zombeck: Below the Fold: Feds Pipe Up and Greedy Governors Screw Homeowners

2012-05-24T08:03:03Z

A wrap-up of stories and posts you might have missed or overlooked -- the ones below the fold: There's been more than the usual static from the Federal Reserve Banks this month.

Read more: Protests, Federal Reserve, Foreclosure Crisis, Foreclosure, Mortgage Settlement, Business News

Micah Hauptman: A Danger Lurking in the Shadows

2012-05-23T13:40:24Z

An unaddressed cause of the 2008 financial crisis was banks' reliance on elaborate schemes called repurchase agreements, or "repos," to fund their operations. Four years later, the usual suspects remain heavily dependent on them, endangering the financial system.

Read more: Federal Reserve, Financial Crisis, Fdic, Financial Regulation, Financial Reform, Too Big to Fail, Business News

Raymond J. Learsy: Does JPMorgan's Derivatives Fiasco Portend the Collapse of Crude Oil and Gasoline Prices?

2012-05-21T08:33:08Z

It is a grotesque symbol of how the Wall Street banks control our government. Mr. Dimon, sir, out of respect to our waning confidence in government institutions, your resignation from the Fed Board is well past due.

Read more: Rex Tillerson, JPMorgan Chase, Price of Gasoline, Directional Bets, Speculation, Financial Derivatives, Exxonmobil, Federal Deposit Insurance Corp, Oil, Financial Crisis, Federal Reserve, Vlcc, Wall Street Banks, Jamie Dimon, Senate, Business News

Sen. Jeff Merkley: This Is Our Best Chance to Fix Wall Street

2012-05-18T14:27:40Z

Let's be clear: There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. This sort of gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

Read more: JP Morgan, Wall Street Reform, Federal Reserve, Jamie Dimon, Ben Bernanke, Volcker Rule, Glass-Steagall, Politics News

JPMorgan Chase's Trading Loss Said To Rise At Least 50%

2012-05-16T22:51:00Z

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, ...

Read more: Glenn Schorr, Jamie Demon, London Whale, Financial Reform, John Lackey, Trading Losses, Mark Williams, JPMorgan Chase, Nomura, Bruno Iksil, Boston University, Federal Reserve, Banks, Wall Street, Ina Drew, Business News

Bill Moyers: Is JPMorgan's Loss a Canary in a Coal Mine?

2012-05-16T16:49:45Z

"The fact that JPMorgan Chase lost so much money in a relatively benign moment compared to what we've seen in the past and what we're likely to see in the future suggests that we are absolutely on the path towards another financial crisis of the same order of magnitude as the last one."

Read more: JPMorgan Chase, Jamie Dimon, Simon Johnson, Federal Reserve, Too Big to Fail, Business News

Jane White: What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?

2012-05-16T10:39:36Z

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

Read more: JP Morgan Chase, Federal Reserve, Americans for Financial Reform, Ben Bernanke, New Democrat Coalition, Dodd-Frank, Volcker Rule, Derivatives, Wall Street, Jpmorgan, Banking, JPMorgan Chase, Banks, Bankers, JP Morgan, Business News

Charles Peralo: What The Bitcoin Experiment Started

2012-05-16T08:27:28Z

Bitcoin created a decentralized currency that cannot be counterfeited, will not create inflation and is free for everyone to use. Now the challenge is building confidence in alternative currency.

Read more: US Economy, Federal Reserve, Bitcoin, Inflation, Recession, Economy, Teen News

Geithner: JPMorgan Loss 'Helps Make Case' For Regulation

2012-05-15T11:05:52Z

WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules...

Read more: JPMorgan Chase, Video, Peter G. Peterson Foundation, Federal Reserve, Obama Administration, Derivatives Markets, Treasury Secretary Timothy Geithner, Securities and Exchange Commission, Capital Requirements, Volcker Rule, Financial Regulation, Business News

Ellen Brown: Indentured Servitude for Seniors: Social Security Garnished for Student Debts

2012-05-15T10:36:42Z

U.S. taxpayers now pay nearly half a trillion dollars annually to finance our federal debt. By financing the debt itself rather than paying interest to private parties, the government could divert what it would have paid in interest into tuition, jobs, infrastructure and social services.

Read more: Social Security, Student Debt, Federal Reserve, Quantitative Easing, Public Banking, Bank Bailout, Usury, Free Tuition, Business News

Paul Krugman: This Is Why We Regulate Wall Street

2012-05-14T02:12:06Z

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

Read more: Banking Regulations, JP Morgan Chase, Wall Street, Lehman Brothers, Banking, Federal Reserve, Aig, Banks, Jamie Dimon, Paul Krugman, Volcker Rule, Gilded Age America, Business News

JPMorgan Loss Raises Questions About Whether Regulators Were Asleep At The Wheel

2012-05-13T23:53:00Z

* Shift from too big to fail to too big to manage and regulate * Massive trading loss raises questions about regulators ...

Read more: JPMorgan Chase, Video, Reuters, Business News, Federal Reserve, Jpmorgan-Chase-Trading-Loss, Great White Whale, London Whale, Jpmorgan Chase London Whale, New York Federal Reserve Bank, Business News

Warren Calls Out JPMorgan CEO After Massive Loss

2012-05-13T22:55:30Z

Elizabeth Warren called on JPMorgan Chase CEO Jamie Dimon to resign from his post on the Federal Reserve Bank of New York's board, citing the need for...

Read more: Scott Brown, Elizabeth Warren Jamie Dimon, Elizabeth Warren, Scott Brown 2012, Elizabeth-Edwards, Elections 2012, Federal Reserve, Jamie Dimon, Elizabeth Warren 2012, Elizabeth-Warren, JPMorgan Chase, Jamie-Dimon-Elizabeth-Warren-Debate, Video, 2012 Election, Banks, Slidepollajax, Politics News

Raymond J. Learsy: JPMorgan's $2 Billion Loss and the Price You Are Paying for Gas at the Pump

2012-05-11T10:40:22Z

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.

Read more: JPMorgan Chase, Gasoline Prices, Wall Street, Oil Prices, Federal Reserve, Financial Crisis, Main Street, Bank Holding Companies, Business News

Simon Johnson: JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking

2012-05-11T08:22:50Z

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

Read more: Banking, Banks, Jamie Dimon, JP Morgan, Bankers, Wall Street, JP Morgan Chase, Federal Reserve, Business News

Micah Hauptman: The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

2012-05-10T16:42:28Z

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

Read more: Congress, Dodd-Frank, Public Citizen, Financial Reform, Too Big to Fail, Federal Reserve, Shirley Sherrod, Banks, Financial Crisis, Big Banks, Bank Reform, SAFE Banking Act, Wall Street Reform, Bankers, Banking, Wall Street, Business News

Ben Bernanke: 'This Situation Will Be Difficult To Turn Around Quickly'

2012-05-10T10:03:00Z

* Post-crisis bank caution hurts mortgage lending * Bernanke sees no quick change in lending practices * Future of home-...

Read more: Bernanke National Economy, Bern Bernanke, Video, Bernanke Economy, Economy Unemployment, Reuters, Bernanke, Bernanke Housing, Business News

InvestingAnswers: 10 States With the Highest Credit Card Debt per Person

2012-05-09T15:47:09Z

According to the Federal Reserve, Americans had more than $800 billion in outstanding credit card debt at the end of 2011. So how much credit card debt do most people really have?

Read more: Federal Reserve, Census Bureau, Credit Card Debt, Credit Cards, Building Credit, Credit Card Debts, Money News

Richard Barrington: Stagflation With a Twist

2012-05-08T13:54:33Z

As long as growth remains sluggish, the Fed seems determined to keep rates low. This means that if stagflation takes hold, it could be especially damaging to money market accounts this time around.

Read more: Federal Reserve, Personal Finance, Money Market Accounts, Inflation, Money, Economy, Business News

This Bailout Could Really Pay Off For Taxpayers

2012-05-08T00:45:00Z

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

Read more: Treasury Department, Video, Government Bailout, Reuters, Aig, Federal Reserve, American International Group, U.S. Taxpayers, Federal Reserve Bank of New York, Maiden Lane III, Government Accountability Office, Business News

Mohamed A. El-Erian: European Elections Complicate Outlook

2012-05-06T16:50:06Z

Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.

Read more: French Elections, Mohamed El-Erian, Market Outlook, Global Economy, Unemployment, Politics and Government, Employment, Bailouts, Investment Strategy, Federal Reserve, European Union, Europe, European Central Bank, Euro, Austerity, Business News