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New York Fed

Fed Maps Show There's More To Student Debt Crisis

Posted 05.15.2013 | Business

New data released by the New York Federal Reserve Bank shows that the percentage of delinquent student loans dropped slightly in the first quarter of ...

Shahien Nasiripour

Student Debt May Dampen College Grads' Boost To Economy

HuffingtonPost.com | Shahien Nasiripour | Posted 05.10.2013 | Business

BOSTON -- The overhang of student debt on young workers may inhibit consumption and future borrowing, researchers at the Federal Reserve Bank of New Y...

Tim Geithner's Biggest Problem

The New Republic | NOAM SCHEIBER | Posted 01.28.2013 | Politics

What are we to make of Tim Geithner on his last day as Treasury Secretary? For my money, the story that best gets at his essential Geithner-ness took ...

Top Fed Official: We Haven't Done Enough

The Huffington Post | Mark Gongloff | Posted 10.16.2012 | Business

Thing One: When Doves Cry: Ron Paul and Rick Perry may not like Ben Bernanke's Federal Reserve, but they should thank their big, bright Texas stars th...

Student Debt Crisis Continues To Get Worse

The Huffington Post | Tyler Kingkade | Posted 09.07.2012 | College

Americans are paying off their debts -- except for student loans. The latest report from the New York Federal Reserve, the 2012 Q2 Quarterly Report...

N.Y. Fed Silent On Barclays’ Admission Of Rigging Libor

Reuters | Sakthi Prasad | Posted 07.25.2012 | Business

Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulator...

Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core'

The Huffington Post | Alexander Eichler | Posted 07.20.2012 | Business

Elizabeth Warren jumped into a growing chorus decrying the massive Libor manipulation on Thursday with a scathing editorial in the Washington Post. ...

Ryan Grim

Documents Show Geithner's Libor Recommendations Came Straight From Banks

HuffingtonPost.com | Ryan Grim | Posted 07.16.2012 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner has so far escaped responsibility for the spreading Libor fixing scandal by releasing documents show...

Mark Gongloff

'We Know We're Not Posting An Honest Libor'

HuffingtonPost.com | Mark Gongloff | Posted 07.13.2012 | Business

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The...

Tim Geithner Had Questions About Libor's 'Integrity' In 2008

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geit...

Guess Who Gets A Huge Check From JPMorgan Chase Every Year

The Huffington Post | Alexander Eichler | Posted 07.16.2012 | Business

The relationship between JPMorgan Chase and its regulators is gaining a bit more attention these days. Plenty of people have already registered t...

NY Fed Claims It Took 'Prompt Action' On Libor Four Years Ago

Reuters | Posted 09.10.2012 | Business

July 11 (Reuters) - The Federal Reserve Bank of New York will release on Friday documents showing it took "prompt action" four years ago to highlig...

Greg Rosalsky

Bernie Sanders Accuses 18 Fed Directors Of Conflicts

HuffingtonPost.com | Greg Rosalsky | Posted 06.14.2012 | Politics

WASHINGTON -- At least 18 current and former directors of Federal Reserve banks received a stunning total of $4 trillion in near-zero-interest Fed loa...

Ryan Grim

Elizabeth Warren Reveals What She'd Ask Jamie Dimon

HuffingtonPost.com | Ryan Grim | Posted 06.13.2012 | Politics

WASHINGTON -- Jamie Dimon, beyond his extraordinary wealth, doesn't have much to be happy about lately. But he can take solace in at least one lucky b...

NY Fed Chair: It's No Big Deal That JPMorgan CEO Is On Our Board

The Huffington Post | Alexander Eichler | Posted 06.11.2012 | Business

At least 36,000 people say JPMorgan Chase CEO Jamie Dimon should step down from the board of directors at the Federal Reserve Bank of New York. Lee...

Senator Bernie Sanders Seeks to Reduce Bankers' Prominent Government Role Regulating Themselves

Robert Auerbach | Posted 08.05.2012 | Business
Robert Auerbach

The most powerful government regulator of banks, the Federal Reserve -- the Fed -- provides a prominent role in its bureaucracy for the banks it regu...

Student Loan Debt Stands Alone

Reuters | Posted 08.01.2012 | Money

By Leah Schnurr NEW YORK, May 31 (Reuters) - U.S. consumer debt fell in the first three months of the year as American...

Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012 | Business

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...

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...

Fed's Secret Sale Of AIG Assets To Goldman Criticized As 'Un-American'

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012 | Business

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...

Speculative Investors Played Larger Role Than Thought In Driving House Bubble

AP | By CRISTINA SILVA | Posted 12.12.2011 | Business

LAS VEGAS -- A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bub...

The $40 Billion Iraqi Money Trail

CNBC | Eamon Javers | Posted 12.25.2011 | World

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 ...

Shahien Nasiripour

Federal Reserve's Actions May Increase Unemployment

HuffingtonPost.com | Shahien Nasiripour | Posted 06.28.2011 | Business

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...

AIG Expects Other Bids For Their Former Subprime Bonds

Posted 05.25.2011 | Business

(Reuters) - American International Group (AIG.N) expects others to bid for the mortgage-backed securities that it has offered to pay $15.7 billion...

Simon Johnson: New York Fed Making A Big Mistake?

The New York Times | Simon Johnson | Posted 05.25.2011 | Business

An uncomfortable dissonance is beginning to develop within the Federal Reserve. On the one hand, current and former senior officials now generally ag...