New York Fed

Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012

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

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...

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Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012

Read More: Credit Suisse Group AG, Video, Credit Suisse, Federal Reserve, Aig, New York Fed, Maiden Lane II, American International Group, New York Federal Reserve, Maiden Lane, New York Federal Reserve Bank, Business News

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...

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

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012

Read More: Lloyd Blankfein, Goldman Sachs, Video, AIG Securities, Federal Reserve, Aig, William Dudley, New York Fed, Goldman Sachs Aig, Federal Reserve Bank of New York, Goldman, New York Federal Reserve Bank, Business News

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...

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Speculative Investors Played Larger Role Than Thought In Driving House Bubble

AP | By CRISTINA SILVA | Posted 12.12.2011

Read More: Housing Sector, Video, Investor Housing Bubble, Financial Crisis, New York Fed, Housing Crisis, Investor Real Estate, Recession, Housing Bubble, Business News

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

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The $40 Billion Iraqi Money Trail

CNBC | Eamon Javers | Posted 12.25.2011

Read More: Iraq War, Coalition Provisional Authority, Central Bank of Iraq, Baghdad, New York Fed, Iraq, Baghdad-Iraq, New York Federal Reserve Bank, World News

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 ...

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Federal Reserve's Actions May Increase Unemployment

HuffingtonPost.com | Shahien Nasiripour | Posted 06.28.2011

Read More: San Francisco Fed, Unemployment, Qe2, Boston Fed, St. Louis Fed, Quantitative Easing, Federal Reserve, Ben Bernanke, William Dudley, New York Fed, Janet Yellen, Business News

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...

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AIG Expects Other Bids For Their Former Subprime Bonds

Posted 05.25.2011

Read More: US Government, Aig, Federal Reserve, American International Group, New York Fed, Wall Street Journal, Mortgage Backed Securities, Robert Benmosche, Business News

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

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Simon Johnson: New York Fed Making A Big Mistake?

The New York Times | Simon Johnson | Posted 05.25.2011

Read More: Business News, US Economy, New York Federal Reserve, Jamie Dimon, New York Fed, Federal Reserve System, Business News

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

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New York Fed Economists: Bush-Era Bankruptcy Law Fueled Over 200,000 Foreclosures

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Foreclosures, Elizabeth Warren, Bankruptcy, Bush, Clinton, George W. Bush, 2005 Bankruptcy Law, Bankruptcy Reform, Federal Reserve, Obama, Credit Cards, New York Fed, The Fed, Biden, Wall Street, Cfpb, Banks, Forclosure Crisis, Politics News

WASHINGTON -- Economists at the New York Federal Reserve have concluded that a controversial 2005 law backed by banks and credit card companies pushed...

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In Money-Changers We Trust

Robert Scheer | Posted 05.25.2011

Read More: Morgan Stanley, Timothy Geithner, Goldman Sachs, New York Fed, Bill Clinton, Hamilton Project, Aig, Peter Orszag, Citigroup, Politics News

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.

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Foreclosure Mess Could Be Easy To Cure And Pose Big Problems For Banks Involved

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Court, Trust, Gretchen Morgenson, Mortgage Backed Securities, New York Fed, Financial Crisis, Banks, Homeowners, Foreclosure, Wall Street, Business News

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...

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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

Read More: Bear Stearns, Junk Bonds, Cdos, Tim Geithner, Richard Shelby, Ben Bernanke, Jamie Dimon, Sherrod Brown, Securities, New York Fed, Financial Crisis, Bank Bailout, Investment Grade, Maiden Lane, Wall Street, Robert Steel, JP Morgan Chase, Business News

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...

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AIG's Former Derivatives Chief Claims He Could Have Gotten Better Deal For Taxpayers Than New York Fed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Aig, Timothy Geithner, New York Fed, Federal Reserve Bank of New York, Wall Street Bailout, Goldman Sachs, Backdoor Bailout, Derivatives, Credit Default Swaps, Video, Business News

AIG's former derivatives chief said Wednesday that taxpayers overpaid Wall Street for their AIG-related holdings, telling a federal investigative pane...

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Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Goldman Sachs, Aig, Derivatives, Credit Default Swaps, Wall Street Bailout, AIG Bailout, Backdoor Bailout, New York Fed, Timothy Geithner, Joseph Cassano, Fcic, Financial Crisis Inquiry Commission, New Pecora Commission, Phil Angelides, Business News

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...

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The F Word: Economy is in the Eyes of the Beholder

Laura Flanders | Posted 05.25.2011

Read More: Taxes, F Word, Obama Wall Street, Gretchen Morgenson, Banks, Economy, Bailouts, Grit Tv, Taxpayers, Geithner, The F Word, Fdic, Laura Flanders, Federal Reserve, New York Fed, Grittv, New York Times, NY Fed, Business News

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.

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House Fighting Senate Over Appointment Of New York Fed President

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Wall Street, Federal Reserve, House New York Fed, Senate New York Fed, New York Fed, The Financial Fix, Politics News

House members of the financial reform conference committee are attempting to strip a Senate proposal to revamp the governance of the Federal Reserve b...

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Feds Didn't Do Enough To Avoid 'Poisonous' AIG Bailout And Now Changing Story To Defend It, Watchdog Says

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Elizabeth Warren, Wall Street Bailout, Financial Reform, AIG Bailout, Federal Reserve, Financial Crisis, Aig, Timothy Geithner, New York Fed, Cop, Congressional Oversight Panel, Financial Regulation, Video, Business News

Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International G...

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NY Fed: Big Banks Move to Mask Risk Levels

wsj.com | KATE KELLY, TOM MCGINTY and DAN FITZPATRICK | Posted 05.25.2011

Read More: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Lehman Brothers, New York Fed, Bank of America, Financial Crisis, Bear Stearns, Risk Management, Citigroup, Risk, Business News

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...

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New York Fed Transparency: Bank To Disclose Which Securities Were Bought In AIG Bailout

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Timothy Geithner, Bush, Aig, Obama, Mortgages, American Insurance Group, White House, Bailout, Billions, Securities, New York Fed, Bernanke, Assets, Taxpayer Money, Banks, Financial Crisis, Wall Street, Business News

WASHINGTON — After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky inves...

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New York Fed Warehousing Junk Loans On Its Books: Examiner's Report

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Lehman Bankruptcy, Lehman Brothers, Federal Reserve, Lehman Report, New York Fed, NY Fed Lehman, Federal Reserve Lehman Brothers, NY Fed, Business News

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...

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Rachel Maddow Questions Geithner About Role At New York Fed: 'Where Were You?' (VIDEO)

Posted 05.25.2011

Read More: Financial Reform, Aig, Chris Dodd, New York Fed, Recession, Rachel Maddow Show, Goldman Sachs, Wall Street, Bailout, Lehman Brothers, Tim Geithner, Consumer Financial Protection Agency, The Federal Reserve, Financial Crisis, Lehman Brothers Bankruptcy, Treasury Secretary, Video, Business News

Treasury Secretary Timothy Geithner described the nation's financial crisis as "deeply unfair" to average Americans Tuesday, during an interview with ...

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Stiglitz, Nobel Prize-Winning Economist, Says Federal Reserve System 'Corrupt'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Wall Street Bailout, Roosevelt Institute, Joseph Stiglitz, World Bank, Federal Reserve, Financial Crisis, Timothy Geithner, New York Fed, Business News

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...

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AIG Bailout: Issa Demands Fed Turn Over All AIG Documents

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Federal Reserve, Fed, Issa, Darrell Issa, Ben Bernanke, Timothy Geithner, Wall Street Bailout, Aig Counterparties, AIG Bailout, Taxpayer Bailout, Aig, New York Federal Reserve Bank, Bailout, New York Fed, Video, Business News

A leading House Republican called for Federal Reserve Chairman Ben Bernanke to release more documents related to the 2008 bailout of troubled insurer ...

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Has the New York Fed Been Serving the Public Trust? Has Geithner?

Joshua Rosner | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, New York Fed, New York Federal Reserve Bank, Politics News

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.

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Did Obama's Economists Do Their Homework on the Volcker Rule?

Jeff Madrick | Posted 05.25.2011

Read More: Banks, Larry Summers, Timothy Geithner, Chris Dodd, New York Fed, Alan Greenspan, Paul Volcker, Barack Obama, Business News

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.

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