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Maiden Lane

Well, There's At Least One Bailout Taxpayers Are Profitting From

AP | Posted 08.24.2012 | Business

NEW YORK -- The Federal Reserve Bank of New York sold the remainder of the securities that it had bought as part of the rescue of beleaguered insuranc...

AIG Passes Major Milestone

AP | Posted 08.14.2012 | Business

NEW YORK — The Federal Reserve Bank of New York said Thursday that loans it set up to help facilitate the bailouts of American International Gro...

Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012 | Business

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again. It's just the latest secret sale of the toxic mor...

Federal Reserve Earns Record Profits, Largely From Investments In Economy, Banks

Reuters | Posted 05.25.2011 | Business

The Federal Reserve earned a record $81.7 billion in 2010, largely on investments made to help the economy and banks weather the 2007-2009 financi...

Bernanke, Fed Made Used Taxpayer Money To Buy Junk Bonds Without Congress Knowing

bloomberg.com | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

July 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that t...

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

Elmer Grey Designed Catalina Home On Market For $4.9 Million

Posted 05.25.2011 | Los Angeles

Found via Curbed LA, this sprawling Spanish Colonial Revival has hit the market for $4.9 Million. Designed by famed architect Elmer Grey, the force b...

Weekly Audit: Want Economic Justice? Then It's Time To Act.

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

by Zach Carter, Media Consortium blogger On Thursday, the U.S. Senate passed a financial reform package that includes a handful of important reforms,...

Much of Fed's Secrecy Dissipates with a Little Digging

Thomas Adams and Yves Smith | Posted 05.25.2011 | Business
Thomas Adams and Yves Smith

What great service for the country have our banks performed that justifies letting them shroud their actions in obscurity? The FCIC should subpoena all bank emails and documents for public scrutiny.

AIG and Bernanke

Cate Long | Posted 05.25.2011 | Politics
Cate Long

Ben Bernanke was thick in the middle of the AIG bailouts with Henry Paulson, Tim Geithner and Lloyd Blankfein of Goldman Sachs. Watch the five-minut...