Fed Official Essentially Calls For Dimon To Leave New York Fed
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...
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...
The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012
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...
The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012
The Federal Reserve gave just five banks the chance to bid on $6.2 billion in taxpayer-owned AIG assets before selling them to Goldman Sachs on Wednes...
AP | By CRISTINA SILVA | Posted 12.12.2011
LAS VEGAS -- A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bub...
CNBC | Eamon Javers | Posted 12.25.2011
It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to all the money involved has ...
HuffingtonPost.com | Shahien Nasiripour | Posted 06.28.2011
The Federal Reserve's purchases of more than $2 trillion in mortgage and U.S. government debt may cause an upswing in unemployment, a top regional Fed...
Posted 05.25.2011
(Reuters) - American International Group (AIG.N) expects others to bid for the mortgage-backed securities that it has offered to pay $15.7 billion...
The New York Times | Simon Johnson | Posted 05.25.2011
An uncomfortable dissonance is beginning to develop within the Federal Reserve. On the one hand, current and former senior officials now generally ag...
HuffingtonPost.com | Zach Carter | Posted 05.25.2011
WASHINGTON -- Economists at the New York Federal Reserve have concluded that a controversial 2005 law backed by banks and credit card companies pushed...
Robert Scheer | Posted 05.25.2011
In a parallel universe lives Peter Orszag, Obama's former budget director and key adviser, who has passed through that revolving platinum door linking the White House with Wall Street.
The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011
Is the banks' sloppy paperwork a matter of simple technicalities that are relatively easy to cure, as the banks contend? Or are there more far-reachin...
Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011
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...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
AIG's former derivatives chief said Wednesday that taxpayers overpaid Wall Street for their AIG-related holdings, telling a federal investigative pane...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...
Laura Flanders | Posted 05.25.2011
In the U.S. right now, some see robust growth, others a limping progress. Where Tim Geithner sees gentle waves, New York Times business reporter Gretchen Morgenson sees tsunamis.
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
House members of the financial reform conference committee are attempting to strip a Senate proposal to revamp the governance of the Federal Reserve b...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International G...
wsj.com | KATE KELLY, TOM MCGINTY and DAN FITZPATRICK | Posted 05.25.2011
The WSJ reports that according to new NY Fed data: "A group of 18 banks -- which includes Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase...
AP | DANIEL WAGNER | Posted 05.25.2011
WASHINGTON — After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky inves...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
As Lehman Brothers careened toward bankruptcy in 2008, the New York Federal Reserve Bank came to its rescue, sopping up junk loans that the investment...
Posted 05.25.2011
Treasury Secretary Timothy Geithner described the nation's financial crisis as "deeply unfair" to average Americans Tuesday, during an interview with ...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
One of the world's leading economists said Wednesday that the very structure of the Federal Reserve system is so fraught with conflicts that it's "cor...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
A leading House Republican called for Federal Reserve Chairman Ben Bernanke to release more documents related to the 2008 bailout of troubled insurer ...
Joshua Rosner | Posted 05.25.2011
If being a public servant is funneling unreasonable amounts of taxpayer capital, without market discipline, to the largest and most poorly managed banks, then Geithner's selection as Secretary of Treasury makes sense.
Jeff Madrick | Posted 05.25.2011
The Volcker rule could be far-reaching. But it is disturbing that the Obama administration announced it before they had done enough homework to tell us how it would work.
The Huffington Post | Mark Gongloff | Posted 05.24.2012